After the conversion to MasterCard-branded debit cards, which is expected to begin late in 2010, SunTrust is set to issue approximately five million MasterCard debit cards that can be used everywhere MasterCard debit cards are accepted, including ATMs. The terms of the agreement were not disclosed.
In addition to MasterCard debit cards, SunTrust 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.
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