Fifth Third Bank is pleased to announce a collaborative agreement between Newline™ by Fifth Third, a leading embedded payments platform, and Trustly, the global leader in Open Banking Payments.

Working together, Trustly and Newline will drive innovation across the money movement landscape, including payments via the Automated Clearing House (ACH) and Real Time Payments (RTP) networks, and Trustly’s pay-by-bank ecosystem. The first payment products on which the parties will collaborate are deposits and withdrawals via ACH and RTP.

Newline’s API platform enables Trustly to transmit payments directly via Fifth Third Bank. Trustly aims to scale its payment products in collaboration with Fifth Third to meet the growing demand for seamless, reliable payment experiences.

“The Trustly team are pioneers in the payments industry and innovators in the pay-by-bank space. Our collaboration thrives because of our mutual commitment to cutting edge leadership. We look forward to shaping the future of payments together,” said Tom Bianco, general manager of Newline™ by Fifth Third.

“We’re thrilled to collaborate with Newline to further enhance the payment experience for our customers,” said Eric Foust, vice president of banking partnerships at Trustly. “This strategic agreement reflects our shared dedication to delivering frictionless, secure, and innovative financial solutions. Together, we'll continue to focus on producing user-centric banking experiences and raising the standard for digital payments.”

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 for businesses worldwide, working with some of the earliest e-commerce companies.