Source: US Bank
U.S. Bank is offering a new tool for business customers that provides secure banking services via their mobile device.
U.S. Bank Mobile SinglePoint connects them to their account information wherever they are located. It is an extension of U.S. Bank SinglePoint®, the web portal to U.S. Bank's suite of treasury management services, and SinglePoint Essentials, a basic suite of services for small businesses.
"Mobile SinglePoint's design for on-the-go users lets them access all the cash management tools they need when they are away from their desk or office," said Michelle Darsow, vice president and mobile channel manager for the U.S. Bank Global Treasury Management Group. "They can view account balances, transfer funds, approve time-sensitive payments, reset a user's password, make positive pay decisions and view check images through their mobile device."
Mobile SinglePoint uses the same security standards and policies as SinglePoint and SinglePoint Essentials. Communications are securely encrypted, and banking data and credentials are never stored on business customers' mobile devices.
This summer, U.S. Bank piloted Mobile SinglePoint to a select group of customers. Two of the pilot customers, Tenaska and InSpa Corporation, confirm the efficiency and convenience of Mobile SinglePoint.
"Mobile SinglePoint is a great tool. It's very useful when I am not near my desk," said Stephanie Dougherty, manager of accounting operations for Tenaska, based in Omaha, Neb. "Like many people in the business world, I am tied to my mobile device and this service is a great convenience for me."
"Since I haven't had backup in a while, it was good to be able to use positive pay and transfer functions on the road," said Kathy Hasegawa, controller for Seattle-based InSpa Corporation. "I would imagine many companies with limited staff would like this feature so they can 'leave' the office."