CLEVELAND, Aug. 16, 2016 /PRNewswire/ -- KeyBank has added
Masterpass by Mastercard to its mobile payments capabilities in
response to steadily growing client mobile payment use.
"We know our clients want to be able to choose the banking
product that best fits their individual need, and mobile payments
is no exception," said Jason Rudman,
director of KeyBank Consumer Payments and Digital Banking. "Whether
clients prefer to pay via tap, dip or swipe, we want to be our
clients' primary payment provider as they determine how they want
to make payments. We are excited to offer Masterpass to our
clients."
KeyBank's partnership with Mastercard means KeyBank clients will
have access to fast, simple and secure digital payments across
devices and anywhere they want to shop—online, in app and now
in-store.—with Masterpass by Mastercard.
Masterpass simplifies the checkout experience across a wide
array of retailers. With Masterpass, clients can check out online
or in-app by clicking the Masterpass button and authenticating to
complete the transaction. They can make in-store payments simply by
tapping at contactless-enabled merchants.
Masterpass stores all payment information, including card
details from both Mastercard and other payment networks, shipping
information, and payment preferences in one convenient, secure
place. It leverages the most advanced methods of payment security
available today, including tokenization, which ensures information
is protected.
KeyBank clients are making more use of mobile payments than ever
before. Year over year, KeyBank has seen double digit growth in
client mobile payments. On average, KeyBank clients are signing on
and making transactions with their mobile devices three times as
frequently as they had done over the past 18 months.
"We're tapping partnerships across the industry to provide our
clients with innovative, safe and secure mobile payments options,"
said Matthew D. Lehman, head of
KeyBank Online and Mobile Banking. "KeyBank will continue to bring
our clients the best mobile payment options as mobile payments
innovate and evolve."
For a list of Masterpass online and in-app accepting merchants
visit www.masterpass.com. A list of in-store enabled merchants can
be found here. Visit on www.key.com to sign up for Masterpass
issued by KeyBank.
About KeyBank
KeyCorp's roots trace back 190 years to Albany, New York. Headquartered in
Cleveland, Ohio, Key is one of the
nation's largest bank-based financial services companies with
assets of approximately $101 billion
as of June 30, 2016. The acquisition
of First Niagara Financial Group, which became effective on
August 1, 2016, is expected to add
assets of approximately $40 billion,
based on June 30, 2016 balances. Key
provides deposit, lending, cash management and investment services
to individuals and small and mid-sized businesses in 15 states
under the name KeyBank National Association and First Niagara Bank,
National Association, through a network of more than 1,200 branches
and more than 1,500 ATMs. 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 www.key.com. KeyBank and First Niagara
Bank, National Association are Member FDIC.
KEY MEDIA NEWSROOM: Key.com/newsroom
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SOURCE KeyBank