MINNEAPOLIS, Jul 22, 2010 (BUSINESS WIRE) --
U.S. Bank is helping small businesses make smarter decisions about the
financial operations of their business with an online reporting tool,
called ScoreBoard. The tool provides trending and reporting data that
allows customers to monitor their own credit card spending and also
compare their card sales data to industry trends.
ScoreBoard is an application available to U.S. Bank's small business
credit cardholders and merchant customers who process credit, debit and
electronic check transactions through U.S. Bank Merchant Services.
Available through the customer's existing online account access tools,
ScoreBoard features easy-to-read charts and graphs that provide a
monthly snapshot of their credit card purchases and payments. It also
gives customers insight into their merchant accounts, tracking sales
transactions when customers use a card for payment of goods and
services. In addition, U.S. Bank business cardholders can use ScoreBoard
to download customizable reports for their specific business needs.
"ScoreBoard is unique because it gives our small business customers the
ability to monitor their own spending and insight into how their sales
trends compare to similar merchants in their business category," said
Pam Joseph, U.S. Bancorp Payment Services vice chair. "For our customers
who have a U.S. Bank credit card and merchant account, the tool provides
a comprehensive view of their business trends."
Business owners who have a U.S. Bank-issued small business credit card
can access ScoreBoard through their existing Internet Banking platform.
They can use ScoreBoard to:
Monitor card spending by an individual employee cardholder or for
their entire business.
Review transactions over various time periods and categories, such as
travel, office supplies, home improvement and gas purchases.
Examine their purchase activity by volume, average ticket price or
Merchants who process their payments through U.S. Bank Merchant Services
can use ScoreBoard to:
Review sales by volume, average ticket price, or payment type over
various time periods.
Determine their growth rate for card sales over a selected period of
Benchmark their card sales performance against other small businesses
in their industry or geographic area by looking at ScoreBoard's
overview of consumer spending trends.
for additional details.
Small business has long been a focus for U.S. Bank. The company is
consistently a top Small Business Administration (SBA) lender and
advocate for small businesses. U.S. Bank was recently recognized by the
City Business Journals Network SMB
Insights 2010 Brand Survey as the number one bank according to small
U.S. Bancorp (NYSE: USB), with $283 billion in assets as of June 30,
2010, is the parent company of U.S. Bank, the fifth largest commercial
bank in the United States. The company operates 3,002 banking offices in
24 states and 5,309 ATMs and provides a comprehensive line of banking,
brokerage, insurance, investment, mortgage, trust and payment services
products to consumers, businesses and institutions. Visit U.S. Bancorp
on the web at usbank.com.
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SOURCE: U.S. Bank
U.S. Bank Media Relations
Teri Charest, 612-303-0732