Mastercard Inc. is expanding its partnership with Citizens Financial Group to become the bank's exclusive payments network
Mastercard Inc. is expanding its partnership with Citizens Financial Group to become the bank’s exclusive payments network, the companies will announce Thursday.
“There’s... Mastercard Inc. is expanding its partnership with Citizens Financial Group to become the bank’s exclusive payments network, the companies will announce Thursday. “There’s no space in financial services moving faster than payments,” Brendan Coughlin, Citizens’ CFG head of consumer banking, told MarketWatch. The company previously worked with different networks and technologies but determined that a simplified environment made strategic sense and would enable more seamless consumer experiences.
Linda Kirkpatrick, Mastercard’s MA North America president, said that the expanded partnership includes efforts in open banking, an area of fintech that involves making it easier for consumers to share and link their financial data. Mastercard acquired open-banking company Finicity in late 2020.
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