PerkStreet Financial will offer MasterCard Inc. financial products through its checking account rewards program, switching fewer than 50,000 debit cards away from Visa Inc.
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"We chose MasterCard as our exclusive card partner because of our companies' shared commitment to innovation and helping consumers get more from their financial relationships," said Dan O'Malley, PerkStreet's chief executive, in a press release Monday.
The Wilmington, Del., financial services company said its debit account holders will have access to thousands of merchant offers and exclusive discounts through MasterCard Marketplace, a website where cardholders can redeem rewards. Bancorp Bank issues PerkStreet's cards.
