Huntington (NASDAQ: HBAN; www.huntington.com) and MasterCard Worldwide ( http://www.mastercard.com) today announced that Huntington is converting its debit card programs to MasterCard and upgrading all its customers to a Platinum Debit MasterCard®. As part of the partnership, Huntington will also implement the world-class debit and ATM transaction processing capabilities of MasterCard Integrated Processing Solutions ® (IPS).
Huntington Bank's new Platinum Debit MasterCard(R) comes with the ground-breaking Asterisk-Free Checking and offers all its customers zero liability, worldwide acceptance and remains fee-free to use. (Photo: Business Wire)
In addition, as the next step in Huntington’s differentiated “Fair Play Banking” philosophy, the bank re-confirmed its commitment to remaining fee-free for debit card usage for its customers. This follows the May 2011 introduction of Huntington’s ground-breaking Asterisk-Free Checking ™, which is free to open, has no monthly checking maintenance fee, no minimum balance and no check or debit card usage requirements – and it includes free ID Theft Resolution Services and 24-Hour Grace ®.
“We are excited to partner with MasterCard to give all our customers a much better, value-enhanced platinum debit card making it part of our ‘Fair Play Banking’ philosophy of bringing superior value to our customers,” said Huntington CEO Steve Steinour. “This is an alliance of two strong financial brands with a shared commitment to their customers. This debit card is free to use and automatically comes with Asterisk-Free Checking, which Money Magazine cited in naming Huntington ‘Best Regional Bank – Midwest’ in their September issue, or Huntington Plus Checking. These enhanced features will be very beneficial to our customers.”
The conversion of Huntington’s debit portfolio to MasterCard will include the nearly 1.5 million consumer and business debit cards issued by the bank. Huntington customers began receiving their new Debit MasterCard ® cards in early October, with all checking customers expected to have the new cards in hand by November 1.“We look forward to continuing to work with Huntington to help enhance their debit offering and empower their customers to get the most out of their daily financial activities,” said Chris McWilton, president, U.S. Markets, MasterCard Worldwide. “Every time Huntington’s customers use their Debit MasterCard, they will benefit from the world-class convenience, service and value our products represent.”