- Mastercard ( NYSE: MA ) became Citizens Financial Group's ( NYSE: CFG ) exclusive payments network across the bank's credit, debit, and commercial portfolios as well as its services provider in the U.S., the companies said Thursday.
- Citizens ( CFG ) said it will use Mastercard's ( MA ) network to develop new products and features to support consumer and business payments offerings.
- The bank will work with the payment network company to provide specialized tools and resources for small business and to increase financial access for consumers and businesses with Mastercard's open banking technology.
- Additional details and services availability, including details on new customer cards, will be released later this year, they said.
- Earlier this month, Keybanc upgraded its ratings on both Visa ( V ) and Mastercard ( MA ) due to improved diversification.
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Citizens Financial, Mastercard expand partnership across credit, debit, commercial