U.S. Bank Corp. announced Monday (March 20) travel card clients can soon pay via Apple Pay, Android Pay and Samsung Pay.
In a press release, U.S. Bank Corp. said the addition of the new payment methods enables commercial cardholders to easily and securely pay with compatible device, making U.S. Bank the first financial firm to offer mobile payments for a Visa corporate card.
“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, in the press release. “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.”
U.S. Bank Corp. said in the release that paying via a mobile payment service provides another level of security thanks to the process of tokenization, which protects card information and reduced the opportunities for fraud since the card numbers are not stored on the device or at the retailer.
“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, senior vice president of core products for Visa, in the same press release. “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.”
Currently the service is only available to select U.S. Bank corporate customers, but it is expected to be offered on a wider level later in the spring.
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.