Thursday, March 14, 2002
FIFTH THIRD BANKCORP CERTIFIES BLACKSTONE POS TERMINAL
Blackstone (www.blackstoneonline.com), one of the nation’s leading providers of electronic prepaid products and services announced today that Fifth Third Bank has certified the Blackstone POS to process credit/debit/EBT card transactions with prepaid calling cards and gift card transactions.
According to Mike Acton, Blackstone’s general manager, “The certification allows us to integrate all these processes into one terminal, the Blackstone POS, to the benefit of merchants across the country. The gift card process is the same as completing a credit card transaction with the added benefit of Electronic Receipt Capture, the electronic capture of the customer’s signature, and the assurance of the Federal Reserve protecting merchant gift card funds. It is this protection that makes the certification significant.”
Electronic gift cards increase sales, ensures all funds are spent at the merchant location and provide secure and quick electronic authorizations. “Each card transaction is processed electronically – fraud that is commonly associated with paper based certificates is now eliminated,” says Acton.
Fifth Third Bancorp (NASDAQ: FITB – www.53.com) is a diversified financial services company headquartered in Cincinnati, Ohio. The company has $71 billion in assets, operates 16 affiliates with 939 full-service Banking Centers. Fifth Third processes more than 6.6 billion ATM and POS transactions annually for more than 160,000 retail and financial locations; clients include The Kroger Company, Abercrombie & Fitch, Nordstrom Inc. and The Finish Line.
Blackstone is one of the country’s largest providers of prepaid telecommunications products and services with over 300,000 retail locations nationwide. By successfully integrating the processing of all major credit cards (MasterCard, Visa, American Express & Discover Card) and ATM/bank/EBT cards with the sale of prepaid cellular and prepaid calling cards into one, easy-to-use POS terminal, Blackstone POS, is revolutionizing the electronic transaction industry.
For more information on Blackstone’s products and services, call 1-800-639-9590 or visit www.blackstoneonline.com
Blackstone POS are trademarks of Blackstone Communication; US and foreign patents pending.