MINNEAPOLIS--(BUSINESS WIRE)--Sep. 9, 2014--
U.S. Bank today announces its integration with Apple Pay, providing
customers an easy, secure and private way to pay using their U.S. Bank
consumer credit and debit cards right from iPhone 6, iPhone 6 Plus and
Apple Watch. By integrating Apple designed hardware, software and
services, Apple Pay creates a unique and incredibly
intuitive experience that will be available to U.S. Bank customers later
this fall.
“We are thrilled to be part of this historic moment with Apple,” said
Richard Davis, chairman, president and chief executive officer of U.S.
Bancorp. “As we focus on U.S. Bank’s future, we will continue to grow
our mobile technology in order to keep pace with the current and next
generation of banking customers, and anticipate how to make our products
and services more convenient. Working closely with Apple to bring Apple
Pay to U.S. Bank customers across the country aligns with our legacy of
simplifying customers’ lives, developing exceptional banking products
and services, and our ability to make cultural connections with current
and future customers through the utilization of technology in innovative
and practical ways.”
“Having been a part of a group of industry leaders paving the way to
more convenient and secure mobile and online payments, it’s clear that
Apple Pay is a tremendous step forward,” said Pamela Joseph, vice chair
and head of the payments division at U.S. Bank. “Consumers are never far
from their mobile devices, so making it safer and easier to pay with
those devices is great news for our customers and for the industry.
Combining Apple’s history of innovation with the scale and loyalty of
U.S. Bank, Apple Pay has the ability to impact and drastically
accelerate the adoption of mobile payments."
Approximately 29 percent of all online retail sales in the United States
will be transacted on smartphones and tablets by the end of 2014,
according to a Forrester Research, Inc., report, “US Mobile Phone And
Tablet Commerce Forecast, 2013 To 2018,” May 2014. Forrester also
expects U.S. mobile payments to reach $90 billion in 2017 (US Mobile
Payments Forecast, 2013 To 2017; January 2013).
About U.S. Bank
U.S. Bancorp (NYSE: USB), with $389 billion
in assets as of June 30, 2014, is the parent company of U.S. Bank
National Association, the 5th largest commercial bank in the United
States. The Company operates 3,174 banking offices in 25 states and
5,005 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. Bank
U.S. Bank Public Relations
Teri Charest, 612-303-0732
teri.charest@usbank.com