U.S. Bank Customers among the First to Enjoy Faster Person-to-Person Payments
March 03 2016 - 10:27AM
Business Wire
U.S. Bank among first to go live on clearXchange with real-time
payments
U.S. Bank customers can now send money to and request payment
from anyone across the country with an option for those funds to be
available in real time as U.S. Bank goes live on the clearXchange
network. The new service requires only an email address or mobile
phone number and can be done easily online or on a mobile
device.
“U.S. Bank is a pioneer in its mission to provide customers a
safe and easy way to send money to another person anywhere in the
country,” said Gareth Gaston, executive vice president of
omnichannel banking at U.S. Bank. “U.S. Bank has invested heavily
in clearXchange and parent company, Early Warning, because we
believe person-to-person payments in real-time is the future of
fast, secure payments. The service saves customers time when paying
another person, and has the security of online or mobile banking.
With the click of a mouse or the tap of a screen, U.S. Bank
customers can quickly split a dinner tab with friends, or send cash
as a birthday gift to their kids in another city.”
The real-time feature is available through U.S. Bank Send Money.
Any customer who is enrolled in U.S. Bank Online Banking is
eligible to use Send Money and can start taking advantage of
several enhanced features:
- FREE standard delivery;
- FREE email option to request
money;
- Simplified flat pricing for next day
($2.95) and instant/real-time ($6.95) payments;
- Easy navigation within online or mobile
banking and
- Ability to make Send Money payments
from savings, checking or Money Market accounts.
U.S. Bank has long been at the forefront of bringing customers
more convenience through innovation in mobile and online
technology. It was among the first to allow customers to deposit
checks by through mobile devices, and was also one of the first
banks to launch Apple Pay, Samsung Pay and Android pay for the
benefit of its customers. Now U.S. Bank is one of the first banks
within the clearXchange network to offer real-time capability to
its customers.
The new U.S. Bank Send Money service is powered by Early
Warning’s clearXchange network. U.S. Bank became a member and
co-owner of Early Warning in 2016, and began using the clearXchange
network on February 21, 2016.
U.S. Bancorp (NYSE: USB), with $422 billion in assets as of
December 31, 2015, is the parent company of U.S. Bank National
Association, the fifth largest commercial bank in the United
States. The company operates 3,133 banking offices in 25 states and
4,936 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/20160303006049/en/
U.S. Bank Corporate CommunicationsTeri Charest,
612-303-0732teri.charest@usbank.com, @usbank_news
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