MasterCard plans to continue delivering
debit payment solutions and processing capabilities for bank-based
financial services company, KeyBank.
As a result of the new multi-year contract,
Ohio-headquartered KeyBank hopes to continue to provide its
consumer and business customers with security when they use their
debit card online, in stores or at an ATM.
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A joint statement said that KeyBank’s Debit
MasteCard programme will add the capability for PIN-based
transactions along with established signature purchases and ATM
withdrawal functionalities.
KeyBank said it will implement the debit and
prepaid transaction processing capabilities of MasterCard
Integrated Processing Solutions.
Bill Koehler, president of Key Community Bank
said:
“The changing dynamics of the payments and
debit card space today require new thinking and strategic
innovation. Our partnership with MasterCard will allow us to
deliver debit and processing solutions that meet the needs of our
clients.”
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By GlobalDataKeyBank and MasterCard have worked together
since 1997, they have offered a range of MasterCard-branded card
options and reward debit cards.
