U.S. Bank customers now have access to fast, simple and secure digital payments with Masterpass by Mastercard when shopping in-store with an Android device at participating merchants.
The American bank-backed Zelle network processed 170 million person-to-person payments last year boasting an aggregate transaction volume of $55 billion, more than double that of PayPal-owned rival Venmo.
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.
Dominic Venturo, Executive VP and Chief Innovation Officer, US Bank, outlines how banks need to ensure they drive value from investment in payments, how payments are becoming more contextual, and data privacy by design.
BBVA, ING and UBS are among the R3 member banks that have been working on a proof-of-concept for a distributed ledger technology-based shared KYC registry.
A major obstacle keeping organizations from choosing virtual card payments over checks has been the effort and expense of integrating their Enterprise Resource Planning (ERP) software with their bank’s payment systems. US Bank has a new solution that solves for this business challenge: U.S. Bank APConnector, a universal adapter that quickly, easily and securely connects most accounting systems to U.S. Bank.
FSV Payment Systems, a U.S. Bank wholly-owned subsidiary and a leader in prepaid program management and processing services, is now utilizing Enacomm’s ViA® Fraud Control Module to effectively handle suspicious caller activity, the companies today announced at Money20/20.
US Bank is tapping technology from Visa that uses the geolocation capabilities of mobile phones to determine whether payment cards are being used fraudulently.
Elavon Financial Services, European subsidiary of U.S. Bank, now offers electronic freight invoicing support specially designed to satisfy developing regulatory requirements in Europe.
America's banks are stepping up their assault on Venmo by rebranding their clearXchange person-to-person payments service to the more consumer-friendly Zelle.
© Finextra Research 2017