U.S. Bank Announces Two New Innovative Digital Payment Solutions
November 01 2017 - 10:00AM
Business Wire
U.S. Bank today announced Disbursements via Zelle® and Supplier
Prefer Pay, two new digital payment solutions that make it easier
for corporate and commercial banking clients to transition from
paper to electronic payments. These solutions minimize the time and
risk involved in the process of soliciting, storing and maintaining
banking information for business and individual payees.
Disbursements via Zelle and Supplier Prefer Pay are just two of the
innovative payment options that U.S. Bank offers its clients.
“Organizations are looking for payment solutions that solve
real-life challenges,” said Dominic Venturo, executive vice
president and chief innovation officer, U.S. Bank. “With
Disbursements via Zelle and Supplier Prefer Pay we make payables
more secure and efficient for business clients by eliminating the
upfront effort required to obtain the payees’ banking
information.”
Disbursements via Zelle enables companies to send electronic
payments to individuals using only their mobile number or email
address. To make this possible, U.S. Bank uses the Zelle Network®
and its real-time messaging capabilities to enable clients to send
money to any payee with a bank account in the U.S., either in
real-time or next day.
Supplier Prefer Pay is a complete solution to enroll and pay
suppliers, offering multiple payment methods. It helps businesses
migrate away from checks toward the expanded use of virtual card
and ACH payments. Supplier Prefer Pay seamlessly processes vendor
payments and provides detailed payment-related remittance
information to the vendor.
“U.S. Bank continues to be a leader in financial services
innovation,” said Rich Erario, executive vice president and head of
Global Treasury Management, U.S. Bank. “These solutions are
examples of how U.S. Bank is innovating using new payment
technology to provide clients with effective ways of optimizing
working capital and reducing overall processing costs.”
U.S. Bank has been working in the faster payments arena for
years, and was well positioned to be one of the first financial
institutions to partner with Zelle®, and among the first to launch
its Zelle B2C payments capability this year.
About U.S. BankMinneapolis-based U.S. Bancorp (NYSE:
USB), with $459 billion in assets as of September 30, 2017, is the
parent company of U.S. Bank National Association, the fifth largest
commercial bank in the United States. The Company operates 3,072
banking offices in 25 states and 4,801 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.
Zelle and the Zelle related marks and logos are property of
Early Warning Services, LLC.
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version on businesswire.com: http://www.businesswire.com/news/home/20171101005385/en/
U.S. Bank Public Affairs and CommunicationsElizabeth Parra,
415-464-8521elizabeth.parra@usbank.com@usbank_news
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