U.S. Bank is First to Offer Mobile Payments for Visa® Commercial Cards
March 20 2017 - 10:00AM
Business Wire
Commercial travel card holders can now pay on
the go with compatible devices
U.S. Bank Corporate Travel Card clients will soon have the
convenience of paying for expenditures via mobile with Apple Pay®,
Android Pay® or Samsung Pay®. This new functionality allows
commercial cardholders to conveniently and securely pay on the go
with compatible devices, making U.S. Bank the first financial
institution to offer a mobile payment solution for Visa corporate
card transactions.
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U.S. Bank is first to bring Visa mobile
payments to business travel (Photo: U.S. Bank).
“Business travelers are increasingly expecting the same
convenience and security in their business transactions as they
experience with their personal transactions,” said Jeff Jones,
president of U.S. Bank Corporate Payment Systems. “Consumer use of
mobile payments is growing every day. Launching a corresponding
capability for business travelers is the next logical step. This
new functionality is a great compliment to our U.S. Bank Access®
Online mobile app. Together, they become a powerful mobile toolkit
for managing commercial card accounts on the go.”
As with consumer transactions, paying via mobile payments offers
added layers of security through a process called tokenization,
which protects sensitive credit card information and reduces
opportunities for fraud because actual card numbers are not stored
on the device or at the retailer. In many cases, this provides for
a more secure and quicker transaction than using a physical card at
checkout.
“More and more consumers are enjoying mobile payments in their
personal life and expect to use the same easy ‘one handed’ payment
solution when they are working and traveling in their professional
life,” said Vicky Bindra, global head of Products and
Solutions for Visa. “For this reason, we are thrilled to work with
U.S. Bank to help enable the security and convenience of mobile
payments to U.S. Bank corporate card customers.”
Select U.S. Bank commercial clients can add their U.S. Bank
Corporate Travel Card to their mobile payment app service now. A
wider launch to all commercial clients is scheduled later this
spring. Commercial customers of the bank are encouraged to contact
their U.S. Bank commercial card relationship manager or account
coordinator with questions.
©2017 U.S. Bank
About U.S. Bank
(www.usbank.com)Minneapolis-based U.S. Bancorp (NYSE:
USB), with $446 billion in assets as of December 31,
2016, is the parent company of U.S. Bank National Association, the
fifth largest commercial bank in the United States. The
Company operates 3,106 banking offices in 25 states and 4,842 ATMs
and provides a comprehensive line of banking, investment, mortgage,
trust and payment services products to consumers, businesses and
institutions.
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U.S. Bank Corporate CommunicationsBill Brady,
612-303-0731Mobile: 651-728-2248bill.brady@usbank.comorWilliam
Mills AgencyDeborah Harris,
678-781-7220deborah@williammills.com
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