U.S. Bank and MasterCard® Bring More Mobile Payment Choices to Customers
June 08 2016 - 2:01PM
Business Wire
U.S. Bank today announced that its MasterCard cardmembers can
now use Android Pay™ and Samsung Pay®, offering more payment
choices and convenience to customers.
U.S. Bank consumer and small business MasterCard cardmembers may
now load their cards onto eligible Android and Samsung mobile
devices and pay using these two mobile payment services. Android
Pay and Samsung Pay also work with MasterCard credit cards that
U.S. Bank issues on behalf of its co-brand and affinity partners
like REI and Edward Jones.
“Partnering with MasterCard to bring more mobile payment options
to our cardmembers helps make it easier for them to try new ways to
pay,” said Clifford Cook, senior vice president for U.S. Bank
Retail Payment Solutions. “This is an important step in the
continuing evolution of payments and consistent with providing our
cardmembers the convenience of making mobile payments with whatever
mobile device they choose.”
With Android Pay, U.S. Bank customers with eligible MasterCard
consumer and small business credit cards can now use their Android
mobile phone to make fast, simple and secure payments in over one
million locations and in popular Android apps—all without pulling
out a wallet. Android Pay comes preloaded on newer Android devices
and can also be downloaded to Android devices that support NFC and
run KitKat (4.4) OS or higher.
Samsung Pay delivers secure mobile payments using both Near
Field Communication (NFC) and proprietary technology called
Magnetic Secure Transmission (MST). MST technology allows Samsung
Pay to be used with traditional magnetic-stripe card readers,
allowing it to work virtually anywhere a cardmember swipes or taps
a card.
To keep customers’ card details safe, both mobile payments
choices do not send actual credit or debit card numbers to
merchants when a payment is made. Instead, through a process called
tokenization, a virtual account number replaces card data to
represent a customer’s account information. U.S. Bank merchant
customers can accept Android Pay at the point of sale using
terminals enabled with NFC and in their Android apps while Samsung
Pay can be accepted at both point of sale using terminals enabled
with NFC or magnetic-stripe readers.
Android PayFor more information about Android Pay and
U.S. Bank cards, please visit
usbankgomobile.com/wallet/#/androidpay.
Samsung PayFor more information about Samsung Pay and
U.S. Bank cards, please visit
usbankgomobile.com/wallet/#/samsungpay.
About U.S. BankMinneapolis-based U.S. Bancorp, with $428
billion in assets as of March 31, 2016, 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/20160608006308/en/
U.S. Bank Public RelationsMaureen Mook,
612-973-0771maureen.mook@usbank.com
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