Technology enhances security for cardmembers, while helping to reduce
declines when making holiday purchases and travel plans
MINNEAPOLIS--(BUSINESS WIRE)--Nov. 7, 2017--
Just in time for the holiday season, U.S. Bank has added location
services to the U.S.
Bank Mobile App, offering U.S. Bank Visa® credit and debit card
customers technology that uses their phones’ location to help verify
whether their mobile devices and credit or debit card are in the same
location.
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By using the mobile device’s location in the authorization decision,
U.S. Bank can help give consumers the confidence that their transactions
will be approved, minimizing disruptions and further reducing the risk
of fraud. The bank’s easy-to-use mobile app automatically provides
consumers with this added layer of convenience and protection. Users
will have the ability to opt out of the feature.
“During the holiday season, consumers frequently make large purchases
outside of known locations when traveling, and the location services
feature gives our customers more control of their card activity, both
domestically and internationally,” said John Steward, president of the
Retail Payment Solutions division of U.S. Bank. “It’s one more way our
new U.S. Bank Altitude™ Reserve Visa Infinite and other cards can help
make their holiday travel experience more relaxing and convenient.”
The location services further enhance the bank’s mobile app, which helps
customers simplify their lives with several financial tools at their
fingertips, including the ability to check balances, pay bills, deposit
checks and wire money. All U.S. Bank Visa credit and debit cards will be
able to use the feature with the U.S. Bank Mobile App, demonstrating
U.S. Bank’s commitment to exceptional service.
The mobile location feature is available for Android and Apple devices.
The feature also is available for U.S. Bank’s small business cardholders.
U.S. Bancorp, with 73,000 employees and $459 billion in assets as of
September 30, 2017, is the parent company of U.S. Bank, the
fifth-largest bank in the United States. The Minneapolis-based bank
blends its branch and ATM network with mobile and online tools that
allow customers to bank how, when and where they prefer. U.S. Bank is
committed to serving its millions of retail, small business, wealth
management, payment, wholesale and securities services customers across
the country and around the world as a trusted financial partner, a
commitment recognized by the Ethisphere Institute naming the bank a 2017
World's Most Ethical Company. In 2016, U.S. Bank contributed $54.2
million to nonprofit organizations across the country through the U.S.
Bank Foundation and corporate contributions. Additionally, employees
donated more than 219,000 volunteer hours creating opportunities at
work, home and play across the country. Visit U.S. Bankonline
or follow on social
media to stay up to date with company news.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171107006024/en/
Source: U.S. Bank
U.S. Bank
Dana Stone, 303-809-2199
dana.stone@usbank.com
Twitter:
@danalstone