Shares of KeyCorp (NYSE:KEY) ended Tuesday session in red amid volatile trading. The shares closed down -0.30 points or -2.38% at $12.32 with 19.90 million shares getting traded. Post opening the session at $12.45, the shares hit an intraday low of $12.18 and an intraday high of $12.47 and the price vacillated in this range throughout the day. The company has a market cap of $13.72 billion and the numbers of outstanding shares have been calculated to be 1.08 billion shares.
On Aug. 16, 2016 KeyBank has added Masterpass by Mastercard to its mobile payments capabilities in response to steadily growing client mobile payment use.
“We know our clients want to be able to choose the banking product that best fits their individual need, and mobile payments is no exception,” said Jason Rudman, director of KeyBank Consumer Payments and Digital Banking. “Whether clients prefer to pay via tap, dip or swipe, we want to be our clients’ primary payment provider as they determine how they want to make payments. We are excited to offer Masterpass to our clients.”
KeyBank’s partnership with Mastercard means KeyBank clients will have access to fast, simple and secure digital payments across devices and anywhere they want to shop—online, in app and now in-store.—with Masterpass by Mastercard.
Masterpass simplifies the checkout experience across a wide array of retailers. With Masterpass, clients can check out online or in-app by clicking the Masterpass button and authenticating to complete the transaction. They can make in-store payments simply by tapping at contactless-enabled merchants.
Masterpass stores all payment information, including card details from both Mastercard and other payment networks, shipping information, and payment preferences in one convenient, secure place. It leverages the most advanced methods of payment security available now, including tokenization, which ensures information is protected.
KeyBank clients are making more use of mobile payments than ever before. Year over year, KeyBank has seen double digit growth in client mobile payments. On average, KeyBank clients are signing on and making transactions with their mobile devices three times as frequently as they had done over the past 18 months.
“We’re tapping partnerships across the industry to provide our clients with innovative, safe and secure mobile payments options,” said Matthew D. Lehman, head of KeyBank Online and Mobile Banking. “KeyBank will continue to bring our clients the best mobile payment options as mobile payments innovate and evolve.”
Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) ended Tuesday session in red amid volatile trading. The shares closed down -0.12 points or -1.20% at $9.88 with 10.47 million shares getting traded. Post opening the session at $9.92, the shares hit an intraday low of $9.76 and an intraday high of $9.93 and the price vacillated in this range throughout the day. The company has a market cap of $8.01 billion and the numbers of outstanding shares have been calculated to be 799.15 million shares.
Huntington Bancshares Incorporated (HBAN) on August 22, 2016 announced that Nancy E. Maloney is joining the company in September, and will assume the role of Executive Vice President, Controller following Huntington’s filing of its third-quarter Report on Form 10-Q. Current Huntington Controller David Anderson has announced his intention to retire.
Maloney joins Huntington from BMO Financial Group, where she served as U.S. controller and chief accountant. She will report to Chief Financial Officer Howell D. “Mac” McCullough.
“Nancy brings a strong combination of public and private sector experience that will well serve Huntington as we continue to grow,” said Stephen D. Steinour, chairman, CEO and president of Huntington. “We wish Dave well in his retirement and thank him for his years of exceptional service with the company.”
“Nancy is a distinguished controller with significant talent in both domestic and global accounting environments,” said McCullough. “I am very pleased she is coming on board to steer our financial reporting, accounting policies, and controls, and look forward to leveraging her skill as an industry-leading regulatory guidance and Basel expert. She will be an outstanding complement to Huntington’s established finance team.”
Prior to joining BMO Financial Group, Maloney worked in roles of increasing responsibility for American Express, including vice president, head of global banking project management; vice president, regulatory reporting-Basel II implementation; and, vice president, accounting policy and business advisory controller. Before that, she worked in the public sector as accounting policy and financial reporting director for Freddie Mac and as a staff accountant with the Securities and Exchange Commission’s division of corporation finance. Maloney began her career with Deloitte where she ultimately served as an audit manager. She holds her bachelor’s in business administration-accounting from Villanova University.