In addition to MasterCard debit cards, the Atlanta-based bank will expand its current commercial card offering in the future to include MasterCard branded commercial credit cards. SunTrust will continue to offer Visa branded cards as an option for various consumer and commercial credit products.
Hugh Gallagher, senior vice president for deposit product management at SunTrust, said: “We are constantly monitoring and evaluating payment options in order to provide our clients with those we believe will offer the best client experience. Partnering with MasterCard to provide access to their first-class system and enhancing our payment offerings is a reflection of that commitment.”
Chris McWilton, president of US markets at MasterCard Worldwide, said: “SunTrust plays an integral role in helping its clients, institutions and communities prosper by meeting their needs and exceeding expectations, even in times of economic stress. We are delighted SunTrust chose MasterCard as a payments partner for growth. Through our partnership, we will focus on the fundamentals of what matters most to SunTrust’s clients and together, we can make a difference in their lives.”
