MasterCard said it would be the exclusive payment network for a new line of commercial, business and consumer cards for KeyBank N.A., wholly owned subsidiary of Cleveland's KeyCorp. The new suite of cards will begin issuing this year and follows KeyCorp's purchase last year of a $725 million credit card portfolio. At that time, KeyCorp. chairman and CEO Beth Mooney said, "The changing dynamics of the payments and debit card space today require new approaches and strategic innovation."
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