MasterCard Wins Big Debit Account From Visa
That's the headline in tomorrow's Wall St. Journal for a story by Robin Sidel and Joseph Hallinan on the decision announced earlier by Washington Mutual to move its debit card business to MasterCard.
Washington Mutual is the nation's third-largest issuer of debit cards, after Bank of America Corp. and Wells Fargo & Co. -- both of which have relationships with Visa. Seattle-based Washington Mutual has 10.5 million debit-cards in circulation, and has issued them through Visa for more than a decade.
Separately, Washington Mutual today announced the resignation today of the president of its retail banking group, Deanna Oppenheimer.
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