Fifth Third Teams Up With LifeLock

Fifth Third Processing Solutions has selected LifeLock as the identity theft prevention tool for its financial institution clients.

LifeLock's CEO, Todd Davis, said, "Our relationship with Fifth Third Processing Solutions allows us to work together to provide an affordable, preventative tool for Fifth Third Processing Solutions' financial institution clients and their customers who are concerned about the nation's fastest growing crime - identity theft." Mr. Davis is widely known as the CEO who publishes his social security number on the side of a truck and drives it around New York City.

Fifth Third Bank Processing Solutions processes over 21 billion ATM and POS transactions per year for more than 2,400 financial institutions and over 154,690 retail locations worldwide. They process $148.1 billion in credit card sales each year.

Security breaches and hackers are a growing threat that has no end in sight. Fifth Third has chosen LifeLock identity theft protection as the best solution for their customers and employees. "As we continue to deliver the solutions best suited for our valued financial institution processing partners, the service that LifeLock provides is unprecedented in helping to combat the crime of identity theft," said Angela Brown, senior vice president and general manager of Financial Institution Services for Fifth Third Processing Solutions. "Their 'whatever-it-takes' attitude combined with their $1,000,000 guarantee make LifeLock the exemplary leader in their field and we are proud to introduce their service to our customers."

In 2006, identity theft cost Americans $1.1 billion dollars, the highest amount ever as reported by the Federal Trade Commission. Identity theft tops the list of consumer complaints. The year 2007 is likely to once again set a record high in security breaches and dollars lost.