Fifth Third to manage U.S. Treasury's federal benefits program in 5-year deal

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Fifth Third Bank office building in downtown Orlando, Florida, USA

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The U.S. Treasury Department's Bureau of the Fiscal Service has designated Fifth Third Bank (NASDAQ:FITB) as the new financial agent for the Direct Express prepaid debit card program, in a five-year agreement starting Sept. 9, 2025.

Direct Express serves about

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