MINNEAPOLIS--(BUSINESS WIRE)--Nov. 1, 2017--
U.S. Bank today announced Disbursements via Zelle® and
Supplier Prefer Pay, two new digital payment solutions that make it
easier for corporate and commercial banking clients to transition from
paper to electronic payments. These solutions minimize the time and risk
involved in the process of soliciting, storing and maintaining banking
information for business and individual payees. Disbursements via Zelle
and Supplier Prefer Pay are just two of the innovative payment options
that U.S. Bank offers its clients.
“Organizations are looking for payment solutions that solve real-life
challenges,” said Dominic Venturo, executive vice president and chief
innovation officer, U.S. Bank. “With Disbursements via Zelle and
Supplier Prefer Pay we make payables more secure and efficient for
business clients by eliminating the upfront effort required to obtain
the payees’ banking information.”
Disbursements via Zelle enables companies to send electronic payments to
individuals using only their mobile number or email address. To make
this possible, U.S. Bank uses the Zelle Network® and its
real-time messaging capabilities to enable clients to send money to any
payee with a bank account in the U.S., either in real-time or next day.
Supplier Prefer Pay is a complete solution to enroll and pay suppliers,
offering multiple payment methods. It helps businesses migrate away from
checks toward the expanded use of virtual card and ACH payments.
Supplier Prefer Pay seamlessly processes vendor payments and provides
detailed payment-related remittance information to the vendor.
“U.S. Bank continues to be a leader in financial services innovation,”
said Rich Erario, executive vice president and head of Global Treasury
Management, U.S. Bank. “These solutions are examples of how U.S. Bank is
innovating using new payment technology to provide clients with
effective ways of optimizing working capital and reducing overall
processing costs.”
U.S. Bank has been working in the faster payments arena for years, and
was well positioned to be one of the first financial institutions to
partner with Zelle®, and among the first to launch its Zelle
B2C payments capability this year.
About U.S. Bank
Minneapolis-based U.S. Bancorp (NYSE: USB),
with $459 billion in assets as of September 30, 2017, is the parent
company of U.S. Bank National Association, the fifth largest commercial
bank in the United States. The Company operates 3,072 banking offices in
25 states and 4,801 ATMs, and provides a comprehensive line of banking,
investment, mortgage, trust and payment services products to consumers,
businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com.
Zelle and the Zelle related marks and logos are property of Early
Warning Services, LLC.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171101005385/en/
Source: U.S. Bank
U.S. Bank Public Affairs and Communications
Elizabeth Parra,
415-464-8521
elizabeth.parra@usbank.com
@usbank_news