U.S. Bank Provides Customers an Easy Way to Pay with Apple Pay
September 09 2014 - 3:45PM
Business Wire
U.S. Bank today announces its integration with Apple Pay,
providing customers an easy, secure and private way to pay using
their U.S. Bank consumer credit and debit cards right from iPhone
6, iPhone 6 Plus and Apple Watch. By integrating Apple designed
hardware, software and services, Apple Pay creates a unique
and incredibly intuitive experience that will be
available to U.S. Bank customers later this fall.
“We are thrilled to be part of this historic moment with Apple,”
said Richard Davis, chairman, president and chief executive officer
of U.S. Bancorp. “As we focus on U.S. Bank’s future, we will
continue to grow our mobile technology in order to keep pace with
the current and next generation of banking customers, and
anticipate how to make our products and services more convenient.
Working closely with Apple to bring Apple Pay to U.S. Bank
customers across the country aligns with our legacy of simplifying
customers’ lives, developing exceptional banking products and
services, and our ability to make cultural connections with current
and future customers through the utilization of technology in
innovative and practical ways.”
“Having been a part of a group of industry leaders paving the
way to more convenient and secure mobile and online payments, it’s
clear that Apple Pay is a tremendous step forward,” said Pamela
Joseph, vice chair and head of the payments division at U.S. Bank.
“Consumers are never far from their mobile devices, so making it
safer and easier to pay with those devices is great news for our
customers and for the industry. Combining Apple’s history of
innovation with the scale and loyalty of U.S. Bank, Apple Pay has
the ability to impact and drastically accelerate the adoption of
mobile payments."
Approximately 29 percent of all online retail sales in the
United States will be transacted on smartphones and tablets by the
end of 2014, according to a Forrester Research, Inc., report, “US
Mobile Phone And Tablet Commerce Forecast, 2013 To 2018,” May 2014.
Forrester also expects U.S. mobile payments to reach $90 billion in
2017 (US Mobile Payments Forecast, 2013 To 2017; January
2013).
About U.S. BankU.S. Bancorp (NYSE: USB), with $389
billion in assets as of June 30, 2014, is the parent company of
U.S. Bank National Association, the 5th largest commercial bank in
the United States. The Company operates 3,174 banking offices in 25
states and 5,005 ATMs and provides a comprehensive line of banking,
brokerage, insurance, investment, mortgage, trust and payment
services products to consumers, businesses and institutions. Visit
U.S. Bancorp on the web at usbank.com.
U.S. Bank Public RelationsTeri Charest,
612-303-0732teri.charest@usbank.com
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