September 26, 2023
Banking International

Citizens Lands Exclusive Mastercard Issuing Deal

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.

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