Atomic Provides Solution to Fifth Third Bank to Enhance Digital Banking Experience with Advanced Direct Deposit Technology
2024年7月23日 - 9:00PM
ビジネスワイヤ(英語)
Atomic is pleased to announce a collaboration with Fifth Third
Bank to leverage Atomic’s cutting-edge Deposit solution within its
mobile banking applications. This provides account holders with a
secure, fast, and hassle-free method to manage their direct
deposits.
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Atomic Provides Solution to Fifth Third
Bank to Enhance Digital Banking Experience with Advanced Direct
Deposit Technology (Graphic: Business Wire)
“Like with other digital products, in banking it isn’t enough to
have a great product – getting set up has to be easy,” said Ben
Hoffman, head of consumer product at Fifth Third. “We believe
getting started with Fifth Third should be as easy as upgrading
your iPhone. As part of that commitment, we partnered with Atomic
to deliver a best-in-class digital direct deposit solution for our
everyday banking customers that takes the time and stress out of
setting up a new bank account.”
When you switch banks, one important task is to ensure your
paychecks are deposited into your new account to pay your bills and
make purchases. Atomic’s technology makes it easier to switch your
direct deposit within the mobile or online banking app in minutes.
Fifth Third is now one of the few large banks that supports this
advanced technology.
"Fifth Third's collaboration with Atomic signifies a shared
commitment to redefining banking standards," stated Jordan Wright,
Co-founder and CEO of Atomic. "Their choice of Atomic underscores
our dedication to transparency and innovative solutions. Together,
we are working to enhance the digital banking landscape, offering
customers a secure, and seamless financial experience."
Direct deposit switch is part of Fifth Third Momentum® Banking
and is another way that the Bank is helping its customers access
their pay as soon as possible. The bank has offered Early Pay since
2021, allowing customers to receive their paychecks up to two days
early. This service was later expanded to gig workers and
government payments, as well as receiving federal tax refunds up to
5 days early. The integration of Atomic’s Deposit solution will
bring additional financial tools inside the Fifth Third Bank mobile
app, making it easier for consumers to control their paycheck and
financial lives.
About Atomic
Atomic is a leading financial connectivity platform trusted by
over 195 financial institutions and fintech firms, including 13 of
the industry's largest digital-first neobanks and 6 of the top 10
financial institutions. Atomic serves as the essential bridge
between consumer data and financial solutions by allowing
unparalleled access to payroll, HRIS systems, and merchants,
facilitating a range of financial services including direct deposit
switching, income and employment verification, and payment method
updating.
With over $70 million in backing from trusted investors like
Mercato Partners, Core Innovation Capital, Portage, ATX Venture
Partners, and Greylock, Atomic is well-positioned to accelerate its
vision of financial services that benefit both consumers and
institutions. As open banking continues to shape the U.S. financial
landscape, Atomic remains committed to empowering consumers to have
better control of their personal data, offering a more transparent
and equitable banking experience for all. To learn more visit
Atomic.financial
About Fifth Third
Fifth Third is a bank that’s as long on innovation as it is on
history. Since 1858, we’ve been helping individuals, families,
businesses and communities grow through smart financial services
that improve lives. Our list of firsts is extensive, and it’s one
that continues to expand as we explore the intersection of
tech-driven innovation, dedicated people and focused community
impact. Fifth Third is one of the few U.S.-based banks to have been
named among Ethisphere’s World’s Most Ethical Companies® for
several years. With a commitment to taking care of our customers,
employees, communities and shareholders, our goal is not only to be
the nation’s highest performing regional bank, but to be the bank
people most value and trust.
Fifth Third Bank, National Association is a federally chartered
institution. Fifth Third Bancorp is the indirect parent company of
Fifth Third Bank, and its common stock is traded on the NASDAQ®
Global Select Market under the symbol "FITB." Investor information
and press releases can be viewed at www.53.com. Member FDIC.
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version on businesswire.com: https://www.businesswire.com/news/home/20240723709797/en/
Media Contact: Becky Ross Atomic Head of Marketing
press@atomicfi.com