LYCOS RETRIEVER 
Fifth Third Bank: Business
built 622 days ago
To achieve this level of protection, Fifth Third implemented a multi-site business continuity strategy based on EMC Symmetrix DMX storage and EMC Symmetrix Remote Data Facility/Star (SRDF/Star) software. This solution provides continuous remote replication of Fifth Third’s production data, and ... provides the ability to shift full production to one of its two disaster recovery sites while still maintaining continuous remote replication to a third site. In this way, the bank is able to not only protect critical applications and data during normal operation, but also continue to protect its assets when operating in disaster recovery mode.
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Fifth Third Bank is one of TJX's merchant banks, which provide the financial network and card readers that let stores accept credit and debit card purchases. Visa can fine merchant banks up to $500,000 if one of the stores they do business with violates the PCI rules. Last year, Visa assessed $4.6 million in PCI fines, up from $3.4 million in 2005.
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Fifth Third Bank, once of the leaders in terms of total revenue, got out of the business two years ago. Bank of America, which saw its insurance fee income jump 80% from 2005 to 2006, has said its insurance business is up for sale.
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Fifth Third recognizes that getting the full potential out of highly sophisticated technology requires effort. By working closely with EMC and providing detailed feedback during implementation, the bank now has a solid business continuity solution that enables it to meet its regulatory requirements and recover data quickly and consistently to protect customer assets.
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