Mastercard and Citizens Financial Group announced a partnership making Mastercard the exclusive payments network across Citizens’ credit, debit and commercial card portfolios, including all U.S. services, the companies announced on Thursday.
It’s the first time the $227 billion-asset Citizens which currently offers a mix of Visa and Mastercard products has agreed to issue one card brand exclusively, according to a spokesperson.
The Providence, Rhode Island-based bank said it plans to release details about converting cards in its portfolio to Mastercard later this year.
