Bank Systems & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Payments

10:03 AM
Connect Directly
Facebook
Twitter
Google+
RSS
E-Mail
50%
50%

Fifth Third Bank Rolls Out EMV Card

The commercial card will be available to customers who travel internationally.

Fifth Third Bank became the latest bank to offer an EMV-enable card for customers traveling abroad.

The Cincinnati-based bank announced today the card will be available for business clients that travel internationally to help authorize transactions more efficiently and improve the security of international transactions.

“In today’s global business environment, EMV chip cards can improve the ease and security of payments for commercial clients when making payments overseas and for everyday transactions,” said Jeff Ficke, senior vice president and director of treasury management for Fifth Third Bank, in a statement. “We are focused on providing our clients with the latest treasury solutions to help maximize their working capital."

Fifth Third's announcement follows initiates from several other banks, including U.S. Bank and Bank of America also offering EMV-enabled corporate credit cards to its U.S. customers who travel internationally.

EMV, the global standard for credit and debit card payments named after its original developers -- Europay, MasterCard and Visa -- features cards with embedded microprocessor chips that store and protect encrypted account user data. proponents of EMV say that is it is more secure than magnetic stripe cards, especially when it comes to preventing fraud such as STM skimming.

Bryan Yurcan is associate editor for Bank Systems and Technology. He has worked in various editorial capacities for newspapers and magazines for the past 8 years. After beginning his career as a municipal and courts reporter for daily newspapers in upstate New York, Bryan has ... View Full Bio

Register for Bank Systems & Technology Newsletters
Slideshows
Video
Bank Systems & Technology Radio
Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.