Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 2.54 0.14%
NASDAQ 4,095.52 9.29 0.23%
Ticker Volume Price Price Delta
STOXX 50 3,155.81 16.55 0.53%
FTSE 100 6,625.25 41.08 0.62%
DAX 9,409.71 91.89 0.99%
Ticker Volume Price Price Delta
NIKKEI 14,516.27 98.74 0.68%
TOPIX 1,173.37 6.78 0.58%
HANG SENG 22,760.24 64.23 0.28%

MasterCard Becomes Exclusive Payment Brand for New KeyBank Credit Card Portfolio



  MasterCard Becomes Exclusive Payment Brand for New KeyBank Credit Card
  Portfolio

   New Products and Rewards Program Offer More Options to KeyBank Customers

  To tweet this news, copy and paste: NEWS: #MasterCard and KeyBank announce
   MasterCard will be exclusive network for new cards http://bit.ly/WnxLHV

Business Wire

PURCHASE, N.Y. -- January 28, 2013

MasterCard (NYSE: MA) and KeyBank N.A., a wholly owned subsidiary of KeyCorp
(NYSE: KEY), 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.

About MasterCard

MasterCard (NYSE: MA), www.mastercard.com, is a global payments and technology
company. It operates the world’s fastest payments processing network,
connecting consumers, financial institutions, merchants, governments and
businesses in more than 210 countries and territories. MasterCard’s products
and solutions make everyday commerce activities – such as shopping, traveling,
running a business and managing finances – easier, more secure and more
efficient for everyone. Follow us on Twitter @MasterCardNews, join the
discussion on the Cashless Conversations Blog and subscribe for the latest
news.

About KeyBank

KeyCorp (NYSE: KEY) was organized more than 160 years ago and is headquartered
in Cleveland, Ohio. One of the nation's largest bank-based financial services
companies, Key has assets of approximately $87 billion. Key provides deposit,
lending, cash management and investment services to individuals, small and
medium-sized businesses in 14 states under the name of KeyBank N.A. Key also
provides a broad range of sophisticated corporate and investment banking
products, such as merger and acquisition advice, public and private debt and
equity, syndications and derivatives to middle market companies in selected
industries throughout the United States under the KeyBanc Capital Markets
trade name. For more information, visit https://www.key.com/. KeyBank is
Member FDIC.

Contact:

MasterCard Worldwide
Beth Kitchener, 914-249-2058
beth_kitchener@mastercard.com
Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement