Mastercard Powers Truist Open Banking, Declares $0.87 Quarterly Dividend
Mastercard’s open finance technology underpins Truist Financial’s first open banking platform, replacing credential-sharing with tokenized APIs and giving 100 million US consumers control over data. The board declared a $0.87 quarterly dividend, payable May 8 to shareholders of record April 9, 2026.
1. Truist Partnership Launches Open Finance Platform
On February 12, Truist Financial adopted Mastercard’s open finance API network for its first open banking platform, replacing credential-sharing with tokenized, permissioned API connections that grant consumers control over data access.
2. Open Banking Market Outlook
Mastercard research forecasts global open banking usage to double by 2027 and identifies 100 million US consumers currently connecting bank accounts to third-party financial apps, positioning the company to capture growing API transaction volumes.
3. Quarterly Dividend Declaration
Mastercard’s board declared a $0.87 per share quarterly cash dividend on February 10, 2026, with shareholders of record as of April 9, 2026, to receive payment on May 8, 2026.