Mastercard, Lyft in Partnership on Debit Card for Drivers
May 15 2019 - 10:09AM
Dow Jones News
By Michael Dabaie
Mastercard Inc. (MA) said it would work with Lyft Inc. (LYFT) on
a co-branded debit card and bank account for Lyft drivers.
Lyft Direct Debit will give drivers benefits that include
immediate access to their earnings, no-fee bank accounts and
cashback on purchases, Mastercard said. The program will launch in
eight U.S. cities, including Atlanta, Denver, Houston, Las Vegas,
Los Angeles, San Diego, Tampa, and Washington D.C.
The Lyft Direct Mastercard Debit Card is issued by Stride Bank,
N.A., Mastercard said.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
May 15, 2019 09:54 ET (13:54 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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