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US Bank adds Square to digital wallet options
Jul 29, 2013

Minneapolis, July 18th 2013 - U.S. Bank – a leader in delivering mobile purchasing power to its customers – has added Square to its digital wallet options available to customers via their iOS and Android smartphones. Customers can link their U.S. Bank credit, debit, or prepaid account to the Square application to make purchases from their smartphone.

“Commerce is changing,” said Dominic Venturo, chief innovation officer for U.S. Bank Payment Services. “The proliferation of smartphones is altering the way consumers shop, compare products and make purchases. Our goal is to be where our customers are, and with the evolving marketplace, it’s important for us to support a variety of state-of-the art payment solutions to give customers the flexibility that they have come to expect from U.S. Bank.”

Square wallet can be used at merchant locations that sell with Square. Customers can discover nearby businesses using Square wallet, and pay at the point of sale with their mobile device by simply saying their name. Square’s technology automatically manages the transaction from the customer’s U.S. Bank payment account to the merchant. Transactions are completed without the cashier ever having the customer’s account number and other sensitive data.

“We share a strong commitment with U.S. Bank to helping local businesses thrive,” said Chuck Kimble, head of strategic partnerships with Square. “Square Wallet gives U.S. Bank customers an easy and engaging way to discover and pay at great businesses in their neighborhood – all from their phone.”

U.S. Bank is recognized as an innovator in the financial services industry, and is engaged with multiple wallet providers, to ensure our cardholders have choices when it comes to digital wallets. U.S. Bank customers can choose to register with one or more wallets that we offer and shop with confidence at any store that displays a wallet’s logo, knowing they continue to be protected by layers of security and zero-fraud liability.

 

Re-disseminated by The Asian Banker

Categories: Retail Banking, Technology & Operations
Keywords: US Bank, Square



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