Multi Service Aviation’s MSA Pay app wins Monarch Innovation Award from
Barlow Research
MINNEAPOLIS--(BUSINESS WIRE)--Apr. 1, 2016--
MSA Pay, the first mobile payment app in the general
aviation space, was named Most Innovative Product in the 2016 Monarch
Innovation Awards, announced Friday. The tool from U.S. Bank Multi
Service Aviation was honored by Barlow Research for uniqueness, value,
“stickiness,” ease of use and “wow” factor, according to the Monarch
judges.
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Barlow created the Monarch Awards in 2007 to honor innovation in the
financial services industry. The awards recognize financial institutions
that provide the most innovative products to business customers and risk
takers who promote innovation in their organizations.
“The Monarch Awards are highly respected, due to their rigorous judging
standards,” said U.S. Bank Chief Innovation Officer Dominic Venturo. “We
are honored to receive this recognition for MSA Pay, which is bringing
the efficiencies of paperless payment to business aviation pilots and
their service providers.”
Electronic invoicing via MSA Pay frees pilots to focus on passengers
rather than paper work. Prior to landing, pilots can notify a fixed-base
operator (FBO) of their arrival details and desired services, such as
fuel, aircraft cleaning and catering. When services are complete and the
plane is ready, the FBO notifies the pilot and sends an invoice. Once
approved, the app emails a copy of the invoice to the pilot and to the
pilot’s back office for final processing.
“MSA Pay’s simple and secure paperless payment process grew directly
from pilot feedback about what matters to them,” said U.S. Bank
Corporate Payment Systems President Jeff Jones. “We are grateful to
Barlow Research and to the Monarch judges for recognizing the creativity
and customer insight applied by our team to bring this product to life.”
The app is currently available for iPhone, iPad and iPod touch through
the Apple App Store and will be added to Google Play later this year.
The U.S. Bank Multi Service Aviation Card has been a leading card for
aviation fuel and related services for more than 30 years. The card runs
on the closed-loop Multi Service Aviation merchant acceptance Network
that reaches around the world. U.S. Bank Multi Service Aviation helps
organizations pay for aviation-related services, leverage discount fuel
contracts, manage monthly aviation expenses and pay invoices online from
anywhere while providing merchants with flexible and comprehensive
processing solutions. Find more information at usbpayment.com/aviation-solutions.
About U.S. Bank (www.usbank.com)
Minneapolis-based
U.S. Bancorp (“USB”), with $422 billion in assets as of December 31,
2015, is the parent company of U.S. Bank National Association, the fifth
largest commercial bank in the United States. The Company operates 3,133
banking offices in 25 states and 4,936 ATMs and provides a comprehensive
line of banking, investment, mortgage, trust and payment services
products to consumers, businesses and institutions.
©2016 U.S. Bank National Association. All trademarks are the property of
their respective owners.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160401005609/en/
Source: U.S. Bank
U.S. Bank Corporate Communications
Bill Brady, 612-303-0731
bill.brady@usbank.com
or
Barlow
Research
Emily Kaliska, 763-253-1817
ekaliska@barlowresearch.com