US Bank is to offer an online expense reporting tool used by small business clients to its retail customer base, to help consumers make smarter decisions about their personal finances.
The program, dubbed ScoreBoard, provides trending and reporting data so customers can monitor their own credit-card outlay and compare their spending to general consumer trends.
The system, which will be offered free to cardholders, features easy-to-read charts and graphs that provide a monthly snapshot of credit-card purchases and payments, such as travel, home improvement and gas purchases.
"ScoreBoard is unique because it gives our customers the ability to monitor their own spending and gain insight into how their spending trends compare to previous years," says Cliff Cook, US Bank Payment Services, senior vice president. "For our customers who have US Bank credit and debit cards, this has the potential to help consumers make the most of their financial decisions and plan for a more secure future.”