Stripe selects Fifth Third as embedded financial services provider

Together, Newline™ and Stripe will expand embedded financial services for Stripe platform users and their customers.

Later this year, Newline™ will support Stripe Treasury, a service that enables software platforms on Stripe to offer embedded financial accounts to their customers. Fifth Third’s Newline™ is an API platform that enables businesses to launch and scale payment, card and deposit products directly from Fifth Third Bank.

According to a survey conducted by Stripe, 46% of companies said traditional financial experiences were hindering their growth. Modern businesses want intuitive, digital financial services embedded in the software platforms they use every day. Software platforms rely on Stripe to simplify the movement of money so they can offer embedded, compliant financial services to their own business customers. This collaboration with Newline™ enhances Stripe’s ability to deliver compliant embedded money movement solutions to its platform customers and end users.

“This relationship reflects the alignment of our organizations,” said Tom Bianco, general manager of Newline™ by Fifth Third. “Stripe’s high standard of delivering services to its customers is consistent with our mission at Fifth Third. We look forward to leveraging our capabilities for Stripe and enabling them to continually deliver innovative and robust solutions to their customers,” Bianco added.

Fifth 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 to businesses around the world, working with some of the first e -Commerce companies together.

In 1971, Fifth Third Processing Solutions was founded as a payments network to connect retailers and financial institutions. It was later renamed Vantiv and then spun off and merged with Worldpay, the largest payment processor in the US. Today, Fifth Third’s Newline™ continues this legacy of innovation by combining best-in-class banking, risk management and technology solutions with developer tools and managed services that enable customers to embed financial services into their platforms and products.