CHERRY HILL, N.J., July 29, 2015 /PRNewswire/ -- TD Bank,
America's Most Convenient Bank®, today announced an agreement with
global payments technology company MasterCard to route debit and
prepaid card transactions over MasterCard's Maestro network.
Through the agreement, MasterCard will process TD Bank's debit card
and prepaid card PIN transactions. This initiative extends
MasterCard's worldwide presence and breadth of services to TD Bank
customers including tokenized transactions, leveraging technology
that provides a higher level of security for customer debit and
prepaid cards.
"At TD Bank, we're focused on providing the highest level of
service to our customers and driving innovation to our customers
faster," said Ryan Bailey, Head of
Deposit Products, Payments and Non-Real Estate Lending at TD Bank.
"Through our partnership with MasterCard we will be able to provide
our customers with access to advanced payment solutions and
services quickly and efficiently."
"We are delighted to extend our network to TD Bank, as well as
explore opportunities to bring the latest innovation to TD Bank
customers," said Chris McWilton,
president, North America,
MasterCard.
This agreement will take effect in the beginning of 2016 and
will bring TD Bank a platform to deliver robust payment options to
their customers in an ongoing manner.
About MasterCard
MasterCard is a technology company in the global payments industry.
We operate the world's fastest payments processing network,
connecting consumers, financial institutions, merchants,
governments and businesses in more than 210 countries and
territories. MasterCard's products and solutions make everyday
commerce activities – such as shopping, traveling, running a
business and managing finances – easier, more secure and more
efficient for everyone. Follow us on
Twitter @MasterCardNews, join the discussion on
the Beyond the Transaction
Blog and subscribe for the latest news on
the Engagement Bureau.
About TD Bank, America's Most Convenient
Bank®
TD Bank, America's Most Convenient Bank, is one of the 10
largest banks in the U.S., providing more than 8 million customers
with a full range of retail, small business and commercial banking
products and services at approximately 1,300 convenient locations
throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas
and Florida. In addition, TD Bank
and its subsidiaries offer customized private banking and wealth
management services through TD Wealth®, and vehicle
financing and dealer commercial services through TD Auto Finance.
TD Bank is headquartered in Cherry Hill,
N.J. To learn more, visit www.tdbank.com. Find TD Bank on
Facebook at www.facebook.com/TDBank and on Twitter at
www.twitter.com/TDBank_US.
TD Bank, America's Most Convenient Bank, is a member of TD Bank
Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services
company in North America. The
Toronto-Dominion Bank trades on the New
York and Toronto stock
exchanges under the ticker symbol "TD". To learn more, visit
www.td.com.
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SOURCE TD Bank