BWW Geeks World

MasterCard Becomes Exclusive Payment Brand for New KeyBank Credit Card Portfolio

January 28
10:12 2013
MasterCard Becomes Exclusive Payment Brand for New KeyBank Credit Card Portfolio

MasterCard and KeyBank N.A., a wholly owned subsidiary of KeyCorp, today announced that MasterCard will be the exclusive payment network for a new suite of KeyBank credit card products, to include consumer, business and commercial credit cards. KeyBank will launch the MasterCard branded suite of cards this year.

"We are moving decisively in the credit card space with MasterCard as our trusted partner. We're excited to leverage their expertise in the payments space and find ways to innovate together," said KeyCorp Chairman and CEO Beth Mooney. "Our payments momentum continues to build, as we expand our offerings for clients and strengthen our balance sheet."

The new deal further strengthens the strategic relationship between KeyBank and MasterCard that previously included long-standing agreements in debit and ATM.

"MasterCard has partnered with KeyBank for over 15 years, but I think the best is yet to come. We strive to be a strategic ally, supporting KeyBank through every stage of this process from diversifying new offerings to rewarding customers for all of their bank products," said Chris McWilton, president, U.S. Markets, MasterCard.

KeyBank's renewed credit card focus includes the purchase of a $725 million credit card portfolio earlier this year, and the bank's expanded relationship with MasterCard bolsters its Relationship Rewards program, an important consumer strategy for Key. With Relationship Rewards, clients earn points for everyday banking activities, including debit and credit card purchases, and are rewarded for expanding their relationship with the bank. Points are redeemable for gift cards, merchandise, air travel and other valuable items.

SOURCE: BUSINESS WIRE ©2015 Business Wire

Related Links
Socionext to Showcase Advanced Image and Sensor Technologies for Aerial Drones at InterDrone Show in Las Vegas Sep. 7-9Socionext to Showcase Advanced Image and Sensor Technologies for Aerial Drones at InterDrone Show in Las Vegas Sep. 7-9
August 25, 2016
Conexxus and National ATM Council Announce Issuance of Skimming Detection & Deterrence Guide for Convenience Stores ATMsConexxus and National ATM Council Announce Issuance of Skimming Detection & Deterrence Guide for Convenience Stores ATMs
August 25, 2016
First of INCPAS Scholars' Inaugural Class Enters WorkforceFirst of INCPAS Scholars' Inaugural Class Enters Workforce
August 25, 2016
Mark McClusky Named Digital Editor for Time Inc.'s Sports Illustrated GroupMark McClusky Named Digital Editor for Time Inc.'s Sports Illustrated Group
August 25, 2016
Cisco Declares Quarterly Cash Dividend Cisco Declares Quarterly Cash Dividend
November 18, 2015

GEEKS VIDEOS



Become a Fan, Follower & Subscriber

           Facebook Like Follow