U.S. Bank is First to Offer Mobile Payments for Visa® Commercial Cards

U.S. Bank Corporate Travel Card clients will soon have the convenience
of paying for expenditures via mobile with Apple Pay®,
Android Pay® or Samsung Pay®. This new
functionality allows commercial cardholders to conveniently and securely
pay on the go with compatible devices, making U.S. Bank the first
financial institution to offer a mobile payment solution for Visa
corporate card transactions.

This Smart News Release features multimedia. View the full release here:
http://www.businesswire.com/news/home/20170320005146/en/

U.S. Bank is first to bring Visa mobile payments to business travel (Photo: U.S. Bank).

U.S. Bank is first to bring Visa mobile payments to business travel (Photo: U.S. Bank).

“Business travelers are increasingly expecting the same convenience and
security in their business transactions as they experience with their
personal transactions,” said Jeff Jones, president of U.S. Bank
Corporate Payment Systems. “Consumer use of mobile payments is growing
every day. Launching a corresponding capability for business travelers
is the next logical step. This new functionality is a great compliment
to our U.S. Bank Access® Online mobile app. Together, they
become a powerful mobile toolkit for managing commercial card accounts
on the go.”

As with consumer transactions, paying via mobile payments offers added
layers of security through a process called tokenization, which protects
sensitive credit card information and reduces opportunities for fraud
because actual card numbers are not stored on the device or at the
retailer. In many cases, this provides for a more secure and quicker
transaction than using a physical card at checkout.

“More and more consumers are enjoying mobile payments in their personal
life and expect to use the same easy ‘one handed’ payment solution when
they are working and traveling in their professional life,” said Vicky
Bindra, global head of Products and Solutions for Visa. “For this
reason, we are thrilled to work with U.S. Bank to help enable the
security and convenience of mobile payments to U.S. Bank corporate card
customers.”

Select U.S. Bank commercial clients can add their U.S. Bank Corporate
Travel Card to their mobile payment app service now. A wider launch to
all commercial clients is scheduled later this spring. Commercial
customers of the bank are encouraged to contact their U.S. Bank
commercial card relationship manager or account coordinator with
questions.

©2017 U.S. Bank

About U.S. Bank (www.usbank.com)
Minneapolis-based U.S.
Bancorp (NYSE: USB), with $446 billion in assets as of December 31,
2016, is the parent company of U.S. Bank National Association, the fifth
largest commercial bank in the United States. The Company operates 3,106
banking offices in 25 states and 4,842 ATMs and provides a comprehensive
line of banking, investment, mortgage, trust and payment services
products to consumers, businesses and institutions.

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