U.S. Bank Mobile Payment App for Pilots Wins Monarch Innovation Award
April 01 2016 - 1:00PM
Business Wire
Multi Service Aviation’s MSA Pay app wins
Monarch Innovation Award from Barlow Research
MSA Pay, the first mobile payment app in the general
aviation space, was named Most Innovative Product in the 2016
Monarch Innovation Awards, announced Friday. The tool from U.S.
Bank Multi Service Aviation was honored by Barlow Research for
uniqueness, value, “stickiness,” ease of use and “wow” factor,
according to the Monarch judges.
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Barlow created the Monarch Awards in 2007 to honor innovation in
the financial services industry. The awards recognize financial
institutions that provide the most innovative products to business
customers and risk takers who promote innovation in their
organizations.
“The Monarch Awards are highly respected, due to their rigorous
judging standards,” said U.S. Bank Chief Innovation Officer Dominic
Venturo. “We are honored to receive this recognition for MSA Pay,
which is bringing the efficiencies of paperless payment to business
aviation pilots and their service providers.”
Electronic invoicing via MSA Pay frees pilots to focus on
passengers rather than paper work. Prior to landing, pilots can
notify a fixed-base operator (FBO) of their arrival details and
desired services, such as fuel, aircraft cleaning and catering.
When services are complete and the plane is ready, the FBO notifies
the pilot and sends an invoice. Once approved, the app emails a
copy of the invoice to the pilot and to the pilot’s back office for
final processing.
“MSA Pay’s simple and secure paperless payment process grew
directly from pilot feedback about what matters to them,” said U.S.
Bank Corporate Payment Systems President Jeff Jones. “We are
grateful to Barlow Research and to the Monarch judges for
recognizing the creativity and customer insight applied by our team
to bring this product to life.”
The app is currently available for iPhone, iPad and iPod touch
through the Apple App Store and will be added to Google Play later
this year.
The U.S. Bank Multi Service Aviation Card has been a leading
card for aviation fuel and related services for more than 30 years.
The card runs on the closed-loop Multi Service Aviation merchant
acceptance Network that reaches around the world. U.S. Bank Multi
Service Aviation helps organizations pay for aviation-related
services, leverage discount fuel contracts, manage monthly aviation
expenses and pay invoices online from anywhere while providing
merchants with flexible and comprehensive processing solutions.
Find more information at usbpayment.com/aviation-solutions.
About U.S. Bank (www.usbank.com)Minneapolis-based
U.S. Bancorp (“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.
©2016 U.S. Bank National Association. All
trademarks are the property of their respective owners.
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U.S. Bank Corporate CommunicationsBill Brady,
612-303-0731bill.brady@usbank.comorBarlow ResearchEmily Kaliska,
763-253-1817ekaliska@barlowresearch.com
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