TD Bank to reroute card payments through Maestro network

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TD Bank, one of America’s largest lending firms has signed a partnership agreement with MasterCard, enabling TD debit and prepaid card transactions to be processed through its Maestro network.

Through the agreement, MasterCard will process TD Bank’s debit card and prepaid card PIN transactions. The agreement will provide TD cardholders with a higher level of security for card and tokenized transactions.

‘‘At TD Bank, we’re focused on providing the highest level of service to our customers and driving innovation to our customers faster,’’ said Ryan Bailey, head of deposit products, payments and non-real estate lending at TD Bank.

‘‘Through our partnership with MasterCard we will be able to provide our customers with access to advanced payment solutions and services quickly and efficiently.’’

The agreement will start in 2016 and will deliver a robust payment system to TD Bank’s growing consumer base.

‘‘We are delighted to extend our network to TD Bank, as well as explore opportunities to bring the latest innovation to TD Bank customers,’’ said Chris McWilton, president, North America, MasterCard.

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