MINNEAPOLIS--(BUSINESS WIRE)--Jun. 12, 2017--
U.S. Bank is integrating Zelle℠ – the fast, easy and secure new
way to move money -- into the U.S. Bank Mobile App and U.S. Bank Online
Banking, making it easier for customers to send money to others without
the need for cash or checks. Zelle will appear in the U.S. Bank
Mobile App and on usbank.com starting June 17. The service will be free
for U.S. Bank customers.
“We’ve all had that moment when you need to pay someone but you don’t
have cash on hand or you left your checkbook at home,” said Gareth
Gaston, executive vice president and head of Omnichannel Banking at U.S.
Bank. “Maybe you’ve come across a fantastic collector’s item at a yard
sale. Maybe your niece or nephew asked you to contribute to their
fundraiser, but they need the money sooner than the next time they’ll
see you, or faster than a check could arrive. Maybe you forgot to swing
by the ATM on your way home from a night out and you realize you don’t
have cash to pay the babysitter. Today, with Zelle, U.S. Bank
customers can quickly send money to almost anyone in the country using
only their mobile number or email address. Zelle truly creates
possibilities that might otherwise be missed.”
Gaston will announce the upcoming launch of Zelle on June 14 at
the Digital Banking Conference in Austin, Texas, where he is speaking
about the work U.S. Bank is doing to transform banking through
innovations such as Zelle.
Zelle is backed by a large and growing number of financial
institutions, which means U.S. Bank customers can send money to family
and friends even if they bank elsewhere. The capabilities of Zelle are
embedded in the U.S. Bank Mobile App and Online Banking, so customers
don’t have to leave the security of their bank to send money. Payments
are sent using either a registered email address or mobile number, which
means customers never have to share their account information. Zelle
payments typically complete in just minutes, moving directly and
securely from account to account with no stops in between.
“We’re moving digital payments to the mainstream,” Gaston said. “Moving
money faster, more safely and conveniently is important to a broad range
of customers. It’s not just for millennials. For a growing number of
people who are using their mobile devices for just about everything
these days, Zelle is a natural fit.”
Known for its ethical and influential leadership in financial-services
innovation, U.S. Bank was one of the first banks to sign on to Zelle.
U.S. Bank stays on top of emerging trends for the benefit of its
customers, offering them the opportunity to bank when, where and how
they want.
Minneapolis-based U.S. Bancorp (NYSE: USB), with $450 billion in assets
as of March 31, 2017, is the parent company of U.S. Bank National
Association, the fifth-largest commercial bank in the United States. The
company operates 3,091 banking offices in 25 states and 4,838 ATMs and
provides a comprehensive line of banking, investment, mortgage, trust
and payment services products to consumers, businesses and institutions. www.usbank.com
View source version on businesswire.com: http://www.businesswire.com/news/home/20170612005244/en/
Source: U.S. Bank
U.S. Bank Corporate Communications
Teri Charest, 612-303-0732
teri.charest@usbank.com
@usbank_news