MINNEAPOLIS--(BUSINESS WIRE)--Nov. 3, 2014--
U.S. Bank customers now have a safer, more convenient way to pay using
their mobile devices as Apple Pay goes live for U.S. Bank customers
today.
Apple Pay lets customers make in-store mobile payments from their iPhone
6, iPhone 6 Plus and upcoming Apple Watch. When paying for goods and
services within apps, Apple Pay is compatible with iPhone 6, iPhone 6
Plus, iPad Air 2 and iPad mini 3.
“We couldn’t be more pleased to see this day arrive for our customers,”
said Dominic Venturo, chief innovation officer at U.S. Bank. “Providing
our customers the ability to securely pay where, when and how they want
is a central theme for our payments business. Enabling our customers to
use Apple Pay is the perfect example of how we bring that philosophy to
life.”
U.S. Bank customers can use Apple Pay with confidence, as security and
privacy is at the core of Apple Pay. When customers add a credit or
debit card with Apple Pay, the actual card numbers are not stored on the
device or on Apple servers. Instead, a unique Device Account Number is
assigned, encrypted and securely stored in the Secure Element on the
device. Each transaction is authorized with a one-time unique dynamic
security code, instead of using the security code from the back of the
card. If the device is lost or stolen, all information can be made
inaccessible or erased remotely.
For more detailed information about using U.S. Bank and Apple Pay visit www.usbankgomobile.com/wallet
and www.apple.com/apple-pay.
U.S. Bancorp (NYSE:USB), with $391 billion in assets as of Sept. 30,
2014, is the parent company of U.S. Bank, the fifth-largest commercial
bank in the United States. The company operates 3,177 banking offices in
25 states and 5,026 ATMs and provides a comprehensive line of banking,
brokerage, insurance, investment, mortgage, trust and payment services
products to consumers, businesses and institutions. Visit U.S. Bancorp
on the web at usbank.com.
Source: U.S. Bancorp
U.S. Bank Corporate Communications
Teri Charest, 612-303-0732
teri.charest@usbank.com