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Banc of California, MasterCard partner in debit card program.

BANKING AND CREDIT NEWS-February 17, 2016-Banc of California, MasterCard partner in debit card program

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Banc of California (NYSE: BANC) has teamed with MasterCard for its debit card program, and will transition its existing debit card portfolio from Visa in the second quarter of 2016, the company said.

Banc of California chief strategy officer J. Francisco A. Turner said, "The growth and expansion of our payments business is key to our mission of empowering California's private businesses, entrepreneurs and communities. Our alliance with MasterCard will enable us to increase the profitability of this business and expand our capabilities within payment processing."

Banc of California will offer debit cards tailored to the needs of their diverse depository customers, representing over 60,000 depository accounts. Debit cards will include premium award programs, enhanced security features and Banc of California's concierge services.

Additionally, Banc of California announced it has hired Ben Kessler as managing director, payment solutions to lead all payment-related activities. He joins Banc of California from Earthport, a financial services payments organization, where he was vice president, global account management.

Banc of California, Inc. provides comprehensive banking services to California's diverse private businesses, entrepreneurs and homeowners. Banc of California operates over 100 offices in California and the West.

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Publication:M2 Banking & Credit News (BCN)
Geographic Code:1U9CA
Date:Feb 17, 2016
Words:225
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