US Bank, lead bank of U.S. Bancorp (NYSE:USB), has partnered with Monitise Americas and Fis (NYSE:FIS) to offer a new mobile application for U.S. Bank ReliaCard Visa cardholders in 16 states.
ReliaCard is a prepaid, reloadable card for those who receive recurring cash disbursements from a government agency. The new mobile application gives cardholders in various government programs convenient, free access to their accounts anywhere and anytime using their mobile phone. Last year, AccelaPay, a sister prepaid product to ReliaCard, launched mobile banking service.
ReliaCard cardholders can check their balance, pay bills, receive account alerts and view mini-statements on-the-go with ReliaCard mobile banking. The free ReliaCard application can be downloaded by cardholders at reliacard.com.
"We're pleased to introduce a full-suite mobile banking solution with bill pay capabilities to our ReliaCard customers," said Kevin Morrison, prepaid senior vice-president for U.S. Bank Retail Payment Solutions. "U.S. Bank, an early adopter of mobile banking in the payment space, is committed to investing in new technologies to better serve its customers."
U.S. Bank is partnering with Monitise Americas, a leader in mobile money solutions, and FIS, the world's largest global provider dedicated to banking and payments technologies, to use the most advanced financial management technology available to provide this service.
"We are pleased that U.S. Bank is continuing their leadership status in providing robust mobile financial services to the prepaid card market, and we are thrilled that they've chosen Monitise Americas as one of their technology partners," said Soren Bested, managing director, Monitise Americas. "In mobilizing both the ReliaCard and AccelaPay card programs, U.S. Bank is providing capabilities that are typically only reserved for traditional banking customers, thereby revolutionizing the way in which prepaid cardholders are able to manage their finances."
"The continuing relationship between U.S. Bank, Monitise and FIS is delivering key mobile-focused innovations to consumers," said Frank D'Angelo, executive vice president, FIS Payment Solutions. "Consumer adoption of both prepaid cards and mobile financial services continues to increase, and we're proud to be teaming with U.S. Bank and Monitise to bring new capabilities for these financial tools."
The award-winning U.S. Bank ReliaCard Visa is a prepaid, reloadable card designed to replace costly paper checks for government agencies with recurring cash disbursement activities, such as unemployment, child support, or workers compensation distributions. Cardholders can use the ReliaCard everywhere Visa debit cards are accepted worldwide, as well as most ATMs.
ReliaCard was named "Best Government Program" by Paybefore Magazine in 2010. In 2011, Paybefore awarded the AccelaPay mobile banking service "Best in Category for Virtual or Mobile Prepaid Application."
U.S. Bank Retail Payment Solutions (RPS) is one of the nation's leading providers of payment processing, issuing and advisory services. RPS offers credit, debit and prepaid payment solutions to consumers and small businesses through U.S. Bank and in partnership with financial institutions, businesses, governments and employers.