Under the agreement, KeyBank will use MasterCard’s Integrated Processing Solutions (IPS) for payment processing under its Debit MasterCard program. The company will use the service for online, ATM as well as in-store transactions by its clients. Additionally, KeyBank will now be able to provide PIN transactions to its debit card users along with the current signature purchases and ATM transactions.
In recent news, MasterCard has made some of the companys proprietary technology services available to other US debit networks to support debit EMV transactions.
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