Fifth Third Bancorp has taken an equity stake in NRT Sightline, a casino payment-technology firm recently formed through the merger of NRT Technology and Sightline Payments.
Fifth Third will make the investment through its direct equity investment arm Fifth Third Capital Holdings.
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The investment allows Fifth Third Bank to provide a suite of treasury management and payments solutions for casino operators such as cash access, kiosks, information services, cashless gaming, as well as traditional banking services.
Fifth Third Capital Holdings, the direct equity investment subsidiary of Fifth Third Bancorp, is making an equity investment in the NRT Technology Corp. subsidiary of the merged company.
Fifth Third managing director of gaming, lodging and leisure Richard Arendale said: “NRT and Sightline offer complementary solutions to what we currently provide, but this agreement allows us to combine forces and elevate the quality of treasury management and payment solutions available to the gaming industry.”
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