U.S. Bank Adds Opt-in Location Services to Mobile App, Making Life on the Go More Flexible During the Holidays
November 07 2017 - 9:07AM
Business Wire
Technology enhances security for cardmembers,
while helping to reduce declines when making holiday purchases and
travel plans
Just in time for the holiday season, U.S. Bank has added
location services to the U.S. Bank Mobile App, offering U.S. Bank
Visa® credit and debit card customers technology that uses their
phones’ location to help verify whether their mobile devices and
credit or debit card are in the same location.
This press release features multimedia. View
the full release here:
http://www.businesswire.com/news/home/20171107006024/en/
By using the mobile device’s location in the authorization
decision, U.S. Bank can help give consumers the confidence that
their transactions will be approved, minimizing disruptions and
further reducing the risk of fraud. The bank’s easy-to-use mobile
app automatically provides consumers with this added layer of
convenience and protection. Users will have the ability to opt out
of the feature.
“During the holiday season, consumers frequently make large
purchases outside of known locations when traveling, and the
location services feature gives our customers more control of their
card activity, both domestically and internationally,” said John
Steward, president of the Retail Payment Solutions division of U.S.
Bank. “It’s one more way our new U.S. Bank Altitude™ Reserve Visa
Infinite and other cards can help make their holiday travel
experience more relaxing and convenient.”
The location services further enhance the bank’s mobile app,
which helps customers simplify their lives with several financial
tools at their fingertips, including the ability to check balances,
pay bills, deposit checks and wire money. All U.S. Bank Visa credit
and debit cards will be able to use the feature with the U.S. Bank
Mobile App, demonstrating U.S. Bank’s commitment to exceptional
service.
The mobile location feature is available for Android and Apple
devices. The feature also is available for U.S. Bank’s small
business cardholders.
U.S. Bancorp, with 73,000 employees and $459 billion in assets
as of September 30, 2017, is the parent company of U.S. Bank, the
fifth-largest bank in the United States. The Minneapolis-based bank
blends its branch and ATM network with mobile and online tools that
allow customers to bank how, when and where they prefer. U.S. Bank
is committed to serving its millions of retail, small business,
wealth management, payment, wholesale and securities services
customers across the country and around the world as a trusted
financial partner, a commitment recognized by the Ethisphere
Institute naming the bank a 2017 World's Most Ethical Company. In
2016, U.S. Bank contributed $54.2 million to nonprofit
organizations across the country through the U.S. Bank Foundation
and corporate contributions. Additionally, employees donated more
than 219,000 volunteer hours creating opportunities at work, home
and play across the country. Visit U.S. Bank online or follow on
social media to stay up to date with company news.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20171107006024/en/
U.S. BankDana Stone,
303-809-2199dana.stone@usbank.comTwitter: @danalstone
US Bancorp (NYSE:USB)
Historical Stock Chart
From Jul 2024 to Aug 2024
US Bancorp (NYSE:USB)
Historical Stock Chart
From Aug 2023 to Aug 2024