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.
Through this innovative combination, AccelaPay cardholders can use their mobile phones, including BlackBerrys and iPhones, to check their account balance, pay bills, receive account alerts and view mini-statements.
The AccelaPay card is a prepaid card that functions as a traditional bank account allowing users to make deposits and pay bills. Research has shown that consumers are more likely to have a mobile phone than a PC. Adding mobile access to their primary financial vehicle will help to create a tighter bond between U.S. Bank and this customer segment.
"We are pleased to introduce AccelaPay for mobile banking, the first full-suite mobile banking solution with bill pay capabilities in the prepaid marketplace," said Dominic Venturo, chief innovation officer for Retail Payment Solutions, U.S. Bank. "As an early adopter of mobile banking in the payments space, U.S. Bank is committed to investing in new technologies to better serve our customers."
"Early on, FIS recognized the need to offer a comprehensive suite of mobile banking and payment options for the growing prepaid card market," said Frank D'Angelo, executive vice president, FIS Payment Solutions. "By enabling this customer segment to conduct financial services via their mobile phones, the financial institution will benefit from strengthened relationships and ultimately a stronger revenue stream."
The U.S. Bank AccelaPay Visa is a prepaid, reloadable card designed to replace costly paper checks for businesses with recurring cash disbursement activities, such as payroll, commissions, travel advances and insurance claim distributions. Cardholders can use the AccelaPay Visa® card everywhere Visa debit cards are accepted worldwide