U.S. Bank Offers Prepaid Card Services for the American Red Cross
April 08 2015 - 10:30AM
Business Wire
When disasters strike, the American Red Cross provides food,
shelter and comfort in the face of devastation. U.S. Bank will now
be part of that vital effort as the American Red Cross’ sole
prepaid card provider offering Red Cross staff and clients safe,
reliable and immediate access to emergency money with the U.S. Bank
Prepaid Debit MasterCard® Disaster Relief Client Assistance and
Mission cards.
“We’re proud to expand the strategic relationship between U.S.
Bank and the American Red Cross by providing such an essential
service,” said Peter Klukken, general manager of U.S. Bank’s
Prepaid Card team. “By using prepaid cards, Red Cross workers are
able to better serve their clients at the time that matters most
with a U.S. Bank prepaid card that is safer than cash, quicker than
waiting for a check and can be used everywhere debit MasterCard is
accepted in the U.S. and its territories.”
“Our prepaid card conversion to U.S. Bank will enable the
American Red Cross to leverage technology in new ways,” said Steve
Casey, corporate treasurer of the American Red Cross. “Most
importantly, this new card technology will help the Red Cross
deliver its mission more efficiently in communities across the
country.”
American Red Cross employees and their clients won’t incur fees
for using the cards, and American Red Cross management will have
instant and easy access to reports showing card loads along with a
robust inventory tracking system that allows them to track all card
inventories across the country.
“Prepaid cards offer tremendous benefits that will give the
American Red Cross more time to focus on caring for people in need
while spending less time managing finances,” Klukken said.
Benefits for the cards include:
- Free cash withdrawals from over 24,000
U.S. Bank and MoneyPass ATMs.
- Free point-of-sale purchases wherever
MasterCard debit is accepted in the U.S. and its territories.
- Free customer service, including live
customer service agents.
- Free online account access.
- No monthly maintenance or overdraft
fees (customers can’t use the card if funds are not
available).
U.S. Bank is an official partner of the American Red Cross
National Disaster Responder Program. In addition to the new prepaid
card service, the partnership includes:
- Annual support up to $250,000 from U.S.
Bank.
- An employee donation portal for easier
giving.
- Employee donation matching
program.
- Special donation screens on U.S. Bank
ATMs, which can be activated nationally or regionally as needs
arise, to allow customers to contribute quickly and directly to
local Red Cross emergency relief efforts.
About U.S. Bank:Minneapolis-based U.S. Bancorp, with $403
billion in assets as of December 31, 2014, is the parent company of
U.S. Bank National Association, the 5th largest commercial bank in
the United States. The company operates 3,176 banking offices in 25
states and 5,022 ATMs and provides a comprehensive line of banking,
brokerage, insurance, investment, mortgage, trust and payment
services to consumers, businesses and institutions. Visit U.S.
Bancorp at usbank.com
Lori Swarthout, U.S. Bank Public Relations414-765-6668,
lori.swarthout@usbank.com
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