We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Fifth Third Acquires DTS Connex to Bolster Commercial Payments Growth
Read MoreHide Full Article
Key Takeaways
Fifth Third acquired DTS Connex to enhance cash logistics, infrastructure, and risk management.
The deal expands automation and data-sharing in Commercial Payments to deepen client collaboration.
FITB expects Commercial Payments to hit $1B revenue by 2029, now 21% of fee revenues.
As part of the broader strategy to leverage technology and innovation, Fifth Third Bancorp (FITB - Free Report) has acquired DTS Connex. The acquisition enhances FITB’s capabilities in cash logistics, infrastructure, and risk management within its Commercial Payments business .
FITB’s Strategic Rationale Behind Buyout
DTS Connex’s advanced technology caters to the needs of businesses seeking more efficient, transparent, and controlled cash logistics management. By acquiring DTS Connex, FITB will streamline cash operations and foster deeper collaboration across the cash ecosystem through advanced data sharing. This move reinforces the company’s broader strategy to leverage technology and innovation, offering more integrated and advanced service solutions for clients.
Bridgit Chayt, head of Commercial Payments of FITB stated, “Within Commercial Payments, we’ve built a robust cash processing business that strengthens client relationships beyond traditional payment services,”. Chayt further added, “This acquisition expands our ability to automate cash operations and fosters deeper collaboration across the cash ecosystem through advanced data sharing. This is a pivotal milestone in our commitment to simplify payments through client-centric innovation.”
FITB’s Broader Strategy to Bolster Commercial Payments
The integration of DTS Connex is part of FITB’s ongoing strategy to strengthen its leadership in the Commercial Payments business. Over the past few years, Fifth Third has made targeted acquisitions and partnerships to expand its strategic integration of payment technology solutions to differentiate its product offerings.
In 2023, it acquired Big Data Healthcare LLC to enhance healthcare payments. Earlier, in the same year, the company acquired Rize Money, Inc. to strengthen embedded finance.
In May, Fifth Third partnered with Bottomline to launch Enhanced Payables, a platform powered by Paymode-X. Later in September, Fifth Third expanded its Trustly partnership via Newline to accelerate pay-by-bank innovations and strengthen transaction capabilities across the Automated Clearing House and Real-Time Payments networks.
Together, these efforts underscore Fifth Third’s focus on becoming a technology-driven payments provider. By combining acquisitions like DTS Connex with partnerships and platform development, the bank is positioning its Commercial Payments business for significant scale. FITB anticipates this business to become a $1 billion revenue business by 2029.
Commercial Payments business already represents a key growth engine, accounting for 21% of fee revenues as of June 30, 2025, second only to the wealth and asset management business. Expanding the Commercial Payments business is set to accelerate fee income growth and provide meaningful support to overall revenue momentum.
FITB’s Zacks Rank & Price Performance
Over the past year, shares of FITB have gained 4.3% compared with the industry’s growth of 17.2%.
This month, First Financial Bancorp (FFBC - Free Report) entered an agreement to acquire BankFinancial Corporation (BFIN - Free Report) , a Chicago-based financial institution, in an all-stock transaction valued at $142 million. The move aligns with FFBC’s strategic focus on strengthening its footprint in the Chicagoland market and enhancing its service offerings.
Upon completion, BFIN’s consumer and wealth management services, along with selected commercial credit lines, will be integrated into the existing operations of FFBC. All BankFinancial employees will transition to First Financial, ensuring continuity in client relationships and community engagement.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Fifth Third Acquires DTS Connex to Bolster Commercial Payments Growth
Key Takeaways
As part of the broader strategy to leverage technology and innovation, Fifth Third Bancorp (FITB - Free Report) has acquired DTS Connex. The acquisition enhances FITB’s capabilities in cash logistics, infrastructure, and risk management within its Commercial Payments business .
FITB’s Strategic Rationale Behind Buyout
DTS Connex’s advanced technology caters to the needs of businesses seeking more efficient, transparent, and controlled cash logistics management. By acquiring DTS Connex, FITB will streamline cash operations and foster deeper collaboration across the cash ecosystem through advanced data sharing. This move reinforces the company’s broader strategy to leverage technology and innovation, offering more integrated and advanced service solutions for clients.
Bridgit Chayt, head of Commercial Payments of FITB stated, “Within Commercial Payments, we’ve built a robust cash processing business that strengthens client relationships beyond traditional payment services,”. Chayt further added, “This acquisition expands our ability to automate cash operations and fosters deeper collaboration across the cash ecosystem through advanced data sharing. This is a pivotal milestone in our commitment to simplify payments through client-centric innovation.”
FITB’s Broader Strategy to Bolster Commercial Payments
The integration of DTS Connex is part of FITB’s ongoing strategy to strengthen its leadership in the Commercial Payments business. Over the past few years, Fifth Third has made targeted acquisitions and partnerships to expand its strategic integration of payment technology solutions to differentiate its product offerings.
In 2023, it acquired Big Data Healthcare LLC to enhance healthcare payments. Earlier, in the same year, the company acquired Rize Money, Inc. to strengthen embedded finance.
In May, Fifth Third partnered with Bottomline to launch Enhanced Payables, a platform powered by Paymode-X. Later in September, Fifth Third expanded its Trustly partnership via Newline to accelerate pay-by-bank innovations and strengthen transaction capabilities across the Automated Clearing House and Real-Time Payments networks.
Together, these efforts underscore Fifth Third’s focus on becoming a technology-driven payments provider. By combining acquisitions like DTS Connex with partnerships and platform development, the bank is positioning its Commercial Payments business for significant scale. FITB anticipates this business to become a $1 billion revenue business by 2029.
Commercial Payments business already represents a key growth engine, accounting for 21% of fee revenues as of June 30, 2025, second only to the wealth and asset management business. Expanding the Commercial Payments business is set to accelerate fee income growth and provide meaningful support to overall revenue momentum.
FITB’s Zacks Rank & Price Performance
Over the past year, shares of FITB have gained 4.3% compared with the industry’s growth of 17.2%.
Image Source: Zacks Investment Research
Currently, the company has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Acquisition Deal by Other Finance Firms
This month, First Financial Bancorp (FFBC - Free Report) entered an agreement to acquire BankFinancial Corporation (BFIN - Free Report) , a Chicago-based financial institution, in an all-stock transaction valued at $142 million. The move aligns with FFBC’s strategic focus on strengthening its footprint in the Chicagoland market and enhancing its service offerings.
Upon completion, BFIN’s consumer and wealth management services, along with selected commercial credit lines, will be integrated into the existing operations of FFBC. All BankFinancial employees will transition to First Financial, ensuring continuity in client relationships and community engagement.