Faster Payments

Early Warning Powers U.S. Bank’s Mobile P2P Payments

U.S. Bank announced yesterday (March 3) that it is going live on Early Warning’s clearXchange network to bring its customers real-time P2P payments.

What this means is that U.S. Bank customers can now send money to, and request payment from, anyone across the country faster and in real time, using the power of the clearXchange network service, with just an email address or mobile phone number. And it can be done online or via a mobile device.

“U.S. Bank is a pioneer in its mission to provide customers a safe and easy way to send money to another person anywhere in the country,” said Gareth Gaston, executive VP of omnichannel banking at U.S. Bank. “U.S. Bank has invested heavily in clearXchange and parent company, Early Warning, because we believe person-to-person payments in real time is the future of fast, secure payments. The service saves customers time when paying another person and has the security of online or mobile banking. With the click of a mouse or the tap of a screen, U.S. Bank customers can quickly split a dinner tab with friends or send cash as a birthday gift to their kids in another city.”

This feature is provided to customers using the U.S. Bank Send Money option and can be used by any customer enrolled in U.S. Bank’s online banking options. Features of the service include free delivery, free email options, flat pricing for next-day and real-time payments and the ability to send payments from savings, checking or money market accounts.

The new U.S. Bank Send Money service is powered by Early Warning’s clearXchange network. U.S. Bank became a member and co-owner of Early Warning in 2016 and began using the clearXchange network on Feb. 21, 2016.

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