Capital Bank Offers Enhanced Platinum Debit MasterCard Cards
July 28 2016 - 5:45PM
Capital Bank Financial Corp. (Nasdaq:CBF) today announced that its
wholly owned subsidiary, Capital Bank Corporation, has completed
the conversion of its debit card portfolio to Platinum Debit
MasterCard-branded cards.
Platinum Debit MasterCard continues to deliver the
same benefits Capital Bank cardholders had previously enjoyed,
including:
- Zero liability for unauthorized transactions
- Unsurpassed worldwide acceptance everywhere Debit MasterCard is
accepted, including ATMs
- Identity theft resolution services, including access to
resources that will help restore stolen identities
- Alerts that provide early detection if personal information is
being bought or sold online
- Emergency card replacement services
- Emergency cash advance services
Customers also receive the following new
features:
- Price Protection, refunding the difference on most new
purchases if it is advertised for less within the next 60 days
- Extended Warranty, doubling the original manufacturer's or
store brand warranty for up to one year
- Satisfaction Guaranteed, ensuring the ability to return a
product if the cardholder is dissatisfied within 60 days of
purchase
As part of the relationship, MasterCard will become
the exclusive payment processor of all Capital Bank debit and ATM
transactions, enabling the Bank to continue to meet customer needs
for innovative, simple, safe and smart payment solutions.
“We carefully studied the competitive landscape and
were really impressed with the processing solutions of MasterCard
Payment Transaction Services. We are excited to extend and build on
our long-standing brand relationship with MasterCard. This
new agreement will provide significant cost synergies, while
enhancing functionality and security for customers,” said Zahid
Afzal, Capital Bank’s Chief Technology and Operations
Executive.
Capital Bank will also begin providing its
customers with EMV chip debit cards as an additional layer of
security for further peace of mind.
“The new Platinum Debit MasterCard represents
convenience, service and value to all Capital Bank cardholders. The
additional security layers provided by EMV chips also make the
cards one of the safest available on the market today,” said Rich
Rozbicki, senior vice president, North America Global Products and
Solutions, MasterCard.
Capital Bank’s new alignment with MasterCard is yet
another step the bank is taking to continue putting customers
first, and an important part of its overall strategy to offer more
benefits and better convenience for its customers.
For more information about Capital Bank’s products,
visit www.capitalbank-us.com or call 1-800-639-5111.
About Capital Bank Financial
Corp.
Capital Bank Financial Corp. is a bank holding
company, formed in 2009 to create a premier regional banking
franchise in the southeastern United States. CBF is the
parent of Capital Bank Corporation, a State of North Carolina
chartered financial institution with $7.5 billion in total assets
as of March 31, 2016, and 151 full-service banking offices
throughout Florida, North and South Carolina, Tennessee and
Virginia. To learn more about Capital Bank Financial Corp.,
please visit www.capitalbank-us.com.
CONTACT:
Kenneth A. Posner
Chief of Strategic Planning and Investor Relations
Phone: (212) 399-4020
Kposner@cbfcorp.com
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