Press release
Trustly Selects Newline™ by Fifth Third to Drive Innovation in U.S. Payment Capabilities
CINCINNATI--(BUSINESS WIRE)-- Fifth Third Bank is pleased to announce a collaborative agreement between Newline™ by Fifth Third, a leading embedded payments
About this update from Fifth Third Bancorp
[{"type":"text","content":" CINCINNATI--(BUSINESS WIRE)--\nFifth Third Bank is pleased to announce a collaborative agreement between Newline™ by Fifth Third, a leading embedded payments platform, and Trustly, the global leader in Open Banking Payments.\n\n\nWorking together, Trustly and Newline will drive innovation across the money movement landscape, including payments via the Automated Clearing House (ACH) and Real Time Payments (RTP) networks, and Trustly’s pay-by-bank ecosystem. The first payment products on which the parties will collaborate are deposits and withdrawals via ACH and RTP.\n\n\nNewline’s API platform enables Trustly to transmit payments directly via Fifth Third Bank. Trustly aims to scale its payment products in collaboration with Fifth Third to meet the growing demand for seamless, reliable payment experiences.\n\n\n“The Trustly team are pioneers in the payments industry and innovators in the pay-by-bank space. Our collaboration thrives because of our mutual commitment to cutting edge leadership. We look forward to shaping the future of payments together,” said Tom Bianco, general manager of Newline™ by Fifth Third.\n\n\n“We’re thrilled to collaborate with Newline to further enhance the payment experience for our customers,” said Eric Foust, vice president of banking partnerships at Trustly. “This strategic agreement reflects our shared dedication to delivering frictionless, secure, and innovative financial solutions. Together, we'll continue to focus on producing user-centric banking experiences and raising the standard for digital payments.”\n\n\nFifth Third’s commercial payments business currently processes $17 trillion in annual payments volume and serves 25% of the Fortune 100. For decades, the Bank has delivered innovative payment strategies and scalable technology solutions for businesses worldwide, working with some of the earliest e-commerce companies.\n\n\nAbout Newline™ by Fifth Third Bank\n\n\nNewline is an API platform that enables enterprises to launch payment, card, and deposit products directly with Fifth Third Bank. Launched after Fifth Third’s acquisition of Rize Money in 2023, Newline has reinvented bank technology and embedded payments, combining the best in fintech innovation with a trusted banking relationship.\n\n\nAbout Trustly\n\n\nTrustly was launched in 2008 and has grown rapidly over the past 16 years to be...