Visa Inc has recognized Fifth Third Processing Solutions for its efficiency in card transaction processing.
Fifth Third is the company which purchased TNB Card Services, the card processing arm of credit union owned Town North Bank, on July 6.
Visa recognized Firth Third with its Visa Global Service Quality Performance Award for the processor's "lowest assured transaction rate." The lowest assured transaction rate goes to the processor that can process transactions most quickly and accurately with the lowest percentage being diverted to Visa's stand in processing system.
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