Masterpass by Mastercard Gives U.S. Bank Customers Freedom to Shop Across Devices and Channels
May 17 2017 - 9:00AM
Business Wire
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.
Customers can also leverage Masterpass to make purchases in-app or
online, U.S. Bank and Mastercard announced today.
From purchasing a train ticket, buying groceries, splitting the
check or paying right at a restaurant table, Masterpass simplifies
the checkout experience across a wide array of retailers. U.S. Bank
customers that use Android devices can use this service at more
than six million contactless-enabled merchants across the globe.
Masterpass is also accepted at hundreds of thousands of merchants
for seamless online and in-app payments.
“Joining forces with Mastercard to offer a digital payment
solution gives our Mastercard customers the flexibility to pay how
they choose,” said Clifford Cook, head of product and marketing for
the U.S. Bank Retail Payments Services Division. “By using
Masterpass, our customers can know with confidence that they are
paying with trusted technology, whether they are a small business
buying equipment at an office supply store or a family of four
dining at their favorite neighborhood restaurant.”
Masterpass stores all payment information, including card
details from both Mastercard and other payment networks, shipping
information, and payment preferences in one convenient, secure
place. It leverages the most advanced methods of payment security
available today, including tokenization, which ensures information
is protected.
“People value the relationship they have with their chosen
financial institution and we think that should remain at the center
of the digital experience,” said Jess Turner, EVP Digital Payments,
Mastercard. “The Masterpass acceptance network will provide U.S.
Bank users an easy, intuitive and low friction shopping experience
at leading merchants. It enables consumers to pay for the things
they want with the security they demand.”
With Masterpass, U.S. Bank users can make purchases via merchant
apps or online by simply clicking the Masterpass button and
authenticating to complete a transaction. In-store, users simply
tap to pay at contactless-enabled merchants and get on their way.
For a complete list of Masterpass online and in-app accepting
merchants visit www.masterpass.com, in-store enabled merchants can
be found here.
For more information or to sign up for Masterpass, visit:
www.masterpass.com
About Mastercard
Mastercard (NYSE:MA), www.mastercard.com, is a technology
company in the global payments industry. We operate the world’s
fastest payments processing network, connecting consumers,
financial institutions, merchants, governments and businesses in
more than 210 countries and territories. Mastercard products and
solutions make everyday commerce activities – such as shopping,
traveling, running a business and managing finances – easier, more
secure and more efficient for everyone. Follow us on Twitter
@MastercardNews, join the discussion on the Beyond the Transaction
Blog and subscribe for the latest news on the Engagement
Bureau.
About U.S. Bank
Minneapolis-based U.S. Bancorp (NYSE:USB), with $450 billion in
assets as of March 31, 2017, is the parent company of U.S. Bank
National Association, the fifth largest commercial bank in the
United States. The Company operates 3,091 banking offices in 25
states and 4,838 ATMs and provides a comprehensive line of banking,
investment, mortgage, trust and payment services products to
consumers, businesses and institutions. Visit U.S. Bancorp on the
web at www.usbank.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170517005174/en/
U.S. BankDana Stone,
303-809-2199dana.stone@usbank.comorMastercardRobyn Cottelli,
914-249-1347Robyn.cottelli@mastercard.com
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