U.S. Bank will offer Secure Vault Payments (SVP), a secure and convenient online payment option for student tuition payments and related education fees, to the University of Wisconsin-Stout, Wisconsin's Polytechnic University.
U.S. Bank will begin to issue commercial cards for corporate clients in Europe in mid-2011. This will give North America-based multinational customers of U.S. Bank the opportunity to extend their U.S. Bank Corporate Card programs to employees of their European operations and easily aggregate global spending data.
U.S. Bank, the fifth largest commercial bank in the United States, has selected Hara Environmental and Energy Management (EEM) as it continues to reduce its energy and carbon emissions.
U.S. Bank has promoted Dominic Venturo to the position of chief innovation officer for the company's payment services division. Previously, he was chief innovation officer for retail payment services, a business within the payments services division.
In the next three years, businesses, government entities and non-profit organizations plan to double their use of paperless payment technologies, according to a new survey of accounts payable (AP) professionals. As a result, paper checks will shrink from more than 60 percent of a typical organization's payments to less than 31 percent.
Smartleaf, a leading provider of overlay portfolio management solutions to banks and financial services companies, announced that US Bank has chosen it to provide a unified overlay platform for its non-brokerage wealth management investment relationships managed through The Private Client Reserve and Private Client Group.
FIS™ (NYSE:FIS), one of the world's largest providers of banking and payments technology, today announced that U.S. Bank is using FIS' mobile platform to launch mobile financial services for the U.S. Bank AccelaPay® Visa prepaid card program.
US Bank (NYSE:USB) and Visa (NYSE:V) continue to be at the forefront of mobile payments innovation, partnering with DeviceFidelity, FIS and Monitise to introduce an innovative new way for customers to make purchases using their mobile phone.
US Bank, the fifth largest bank in the United States, will soon become the first major bank to implement Secure Vault Payments (SVP), a new breed of online payment that provides businesses and consumers with the most secure and cost-effective electronic ACH payment available in the market today.
The Federal Reserve Banks and Equens have processed the first transatlantic automated clearinghouse payments using a new jointly developed channel.
© Finextra Research 2013