Regions Bank, Visa USA Extend Debit Partnership Agreement
Regions Financial Corp. and Visa USA have announced a long-term partnership agreement whereby "Regions will continue to offer all Visa consumer debit products to its customers, including Visa check card, Interlink and Plus. In an extension to the previous partnership agreement, Regions will switch all its processing services to Visa USA for all Visa check card, Interlink and Plus transactions. Regions currently issues Visa credit card products and will continue to do so under a separate agreement."
“Visa’s comprehensive debit offering and superior processing services were important factors in Region’s decision to extend our long-standing relationship,” said Mike Jackson, President Alternative Delivery, Regions. “By offering the full range of Visa-branded debit products, we can provide more value and choice to our customers.”
“The decision by Regions to continue to offer the range of Visa debit solutions and switch all debit processing to Visa USA underscores the value our fully integrated debit strategy offers to member financial institutions and their customers,” said Stacey Pinkerd, senior vice president, consumer debit products, Visa USA. “We expect to work more closely with Regions to develop payment solutions that meet the needs of Region’s customers and the requirements of an increasingly competitive business environment.”
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