AutoPayPlus Adds Fifth Third Bank To Support Its Money Transmission Services And More
ORLANDO, Fla. (February 14, 2023) – AutoPayPlus has engaged with Fifth Third Bank, National Association to further diversify its portfolio of bank partners that provide money transmission solutions for the company’s award-winning F&I program that offers automated loan payments and early payoff of automotive and other consumer debt. Along with Signature Bank and Community Federal Savings Bank, these bank relationships have helped AutoPayPlus securely process more than $5.65 billion in loan payments for its customers.
Headquartered in Ohio, Fifth Third is one of the largest consumer banks in the Midwest and recognized as one of the world’s most ethical companies for its unwavering commitment to business integrity. These attributes align to AutoPayPlus’ stringent money transmission requirements, compliance practices and core principles of value, transparency and professionalism. In addition, Fifth Third brings to the relationship a line of credit for AutoPayPlus to accelerate its growth, especially in the areas of technology enhancements and future fintech projects.
“Our relationship with Fifth Third Bank provides a wealth of benefits for both our customers and our company,” said AutoPayPlus CEO Robert M. Steenbergh. “We’re looking forward to building a strong long-term relationship together.”
“We appreciate the opportunity AutoPayPlus has given us to provide a consultative-structured solution to best serve their clients’ needs,” added Orlando City President Greg Dryden. “Secure payment processing is foundational to their continued expansion, and we are glad to have been able to assist them.”
About AutoPayPlus by US Equity Advantage
Headquartered in Orlando, Florida, AutoPayPlus is an industry leader in automated biweekly and early loan payoff services for automotive, RV, boat, home and student loans. With five-star ratings on both Google and Trustpilot, AutoPayPlus helps members budget better by matching their loan payments to how they are paid; all while offering them credit protection and avoiding late payment fees. The company also offers dealerships AutoPay+PERKS, an industry-first fintech solution for increasing profits from customer-pay service and boosting customer retention by combining the company’s biweekly loan payment service with the added advantage of a Mastercard debit card at no additional cost to the customer or dealer. For more information, visit www.AutoPayPlus.com.
About Fifth Third Bank
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.