U.S. Bank is First to Offer MasterCard® Business Network for Small Business Owners
February 04 2016 - 09:00AM
Business Wire
New Products & Tools to Compliment Small
Business Solutions
U.S. Bank (NYSE: USB) is the first bank in the nation to offer
its small business customers access to MasterCard’s Business
Network in a fully customized, consolidated website that provides
offers, advice and tools designed to help small businesses run
efficiently and effectively. Together with the newly launched
Payment Controls from U.S. Bank, it is now simpler and more
convenient for small business owners to manage how, when and where
their employees use business credit cards.
“The annual Small Business Survey from U.S. Bank indicates small
business owners want services that help them efficiently manage
their finances,” said Cathi Stanton, senior vice president for U.S.
Bank Retail Payment Solutions. “The new MasterCard Business Network
and Payment Controls from U.S. Bank are a response to what our
customers have told us they need.”
“The MasterCard Business Network was created from the feedback
of hundreds of small- and mid-sized businesses. It focuses on their
opportunities and challenges including minimizing costs, getting
more out of a day’s time and engaging with new and existing
customers. We are thrilled that U.S. Bank will help get this
important toolkit and Payment Controls into the hands of people who
will benefit the most, local business owners,” said Eugene DeSilva,
senior vice president, commercial products, MasterCard.
U.S. Bank is launching three new Business Credit Cards with
these MasterCard enhancements:
- U.S. Bank Business Edge™ Cash Rewards
World Elite™ MasterCard®
- U.S. Bank World Elite™ MasterCard®
Company Card
- U.S. Bank MasterCard® Community
Card
In addition to MasterCard’s Business Network, small businesses
using any of the three new cards also have access to additional
online tools from MasterCard and U.S. Bank:
- MasterCard EasySavings – a
rebate program – no coupons, no codes and no fee to register.
Cardholders simply register once, shop at participating merchants
that provide discounts and automatically receive a rebate on their
monthly U.S. Bank credit card statement.
- U.S. Bank Connect™ - a free
online community and resource to help business owners, start, run
and grow their business.
- U.S. Bank Payment Controls
–individual customization allowing small business owners to control
how, when and where employees’ use business credit cards. Card use
may be limited by time of day or day of week, merchant or
transaction type, or even dollar amount. Certain types of
transactions may be completely blocked and business owners may
choose to receive real time alerts when certain types of
transactions are made.
- U.S. Bank MasterPass Wallet – A
free digital wallet that helps make online shopping safe and
easy.
To learn more, go to https://www.mbnusbank.com and
https://masterpass.com/Wallet/USBank/en-us.
About U.S. BankMinneapolis-based U.S. Bancorp (“USB”),
with $422 billion in assets as of December 31, 2015, is the parent
company of U.S. Bank National Association, the fifth largest
commercial bank in the United States. The Company operates 3,133
banking offices in 25 states and 4,936 ATMs and provides a
comprehensive line of banking, investment, mortgage, trust and
payment services products to consumers, businesses and
institutions. Visit U.S. Bancorp on the web at www.usbank.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160204005029/en/
Lori Swarthout, U.S. Bank Public Relations414-765-6668,
lori.swarthout@usbank.com
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