MINNEAPOLIS, Mar 22, 2011 (BUSINESS WIRE) --
The U.S. Bank AccelaPay mobile banking application has been honored as
the "Best in Category for Virtual or Mobile Prepaid Application" at the
2011 Paybefore Awards. The Paybefore Awards recognize the best products
and programs in the prepaid business. Paybefore, a leading publisher of
information for the prepaid industry, organizes the annual awards, which
are now in their fifth year.
"The honor of being recognized with a 'Best in Category' award from
Paybefore demonstrates our leadership position as a mobile banking
innovator," said Kevin Morrison, U.S. Bank Retail Payment Solutions
senior vice president and prepaid business manager. "Our AccelaPay
mobile banking service is the first prepaid mobile banking solution to
offer bill pay capabilities. It gives our customers a full suite of
account services they can conveniently access anywhere and anytime. In
addition to the AccelaPay mobile application, U.S. Bank is continuing
its record of innovation by enhancing and expanding this application for
all of its prepaid products."
U.S. Bank was selected by a panel of five industry experts who served as
judges for this year's competition. In January, judges chose three
(sometimes four) winners in 17 different categories. These winners then
vied for "best in category" distinction at an awards ceremony March 7.
"Paybefore Awards were created to celebrate the innovators in our
industry who are using prepaid to transform payments with ever-more
efficient and accessible products," said Loraine DeBonis, Paybefore
editor-in-chief and chair of the judging panel.
The U.S. Bank AccelaPay(R) Visa is a reloadable prepaid card designed to
replace costly paper checks for businesses with recurring cash
disbursement activities, such as payroll, commissions, travel advances
and insurance claim distributions. Cardholders can use the AccelaPay
mobile banking application to check their balance, pay bills, receive
account alerts and view mini-statements on-the-go. For details about
U.S. Bank AccelaPay, visit www.usbank.com/accelapayvisa.
U.S. Bank is working in partnership with Monitise Americas, a leader in
mobile money solutions, and FIS, a global payments technology provider,
to use the most advanced financial management technology available to
provide this service.
This is the fourth Paybefore award for U.S. Bank. Paybefore chose the
U.S. Bank AccelaPay mobile banking application as a 2011 Paybefore
Awards winner in January. In 2010, Paybefore selected the U.S. Bank
ReliaCard(R) Visa(R) as the 'Best Government-Funded Program' and the U.S.
Bank PayID Card, a multipurpose prepaid card that allows cardholders to
access secure buildings, received an award in the Most Innovative
About Monitise Americas
Monitise Americas is a joint venture
between FIS, one of the world's largest providers of banking and
payments technology to financial institutions and businesses worldwide,
and Monitise plc (LSE: MONI.L) a global leader in Mobile Money
solutions. Monitise Americas provides mobile banking and payment
services to North American financial institutions predicated on an
"ecosystem" principle, which allows multiple mobile carriers and
financial institutions to deliver services over a single platform.
Current partners of Monitise Americas include FIS, NYCE, Everlink,
Corporate Network eCom, and eCommLink. For more information on Monitise
Americas and details of how to benefit from participating in its
cross-America ecosystem, please visit www.monitisegroup.com/americas.
FIS (NYSE: FIS) is one of the world's largest
global providers dedicated to banking and payments technologies. With a
long history deeply rooted in the financial services sector, FIS serves
more than 14,000 institutions in over 100 countries. Headquartered in
Jacksonville, Fla., FIS employs more than 30,000 people worldwide and
holds leadership positions in payment processing and banking solutions,
providing software, services and outsourcing of the technology that
drives financial institutions. FIS is a member of Standard & Poor's 500(R)
Index and consistently holds a leading ranking in the annual FinTech 100
list. For more information about FIS, visit www.fisglobal.com.
Paybefore is the leading information
provider to prepaid and stored value industry professionals, offering
the latest news, commentary and analysis. Paybefore's family of industry
publications include: Paybefore.com(TM), a searchable online news and
information portal; Paybefore News(TM), daily news briefs delivered
electronically; Paybefore News International(TM), a weekly compilation of
prepaid news and events from outside the United States; Paybefore
Update(TM), a downloadable e-newsletter delivered 20 times a year;
Paybefore Legal(TM), a downloadable e-newsletter covering the legislative,
regulatory and judicial developments in prepaid, as well as feature
articles by leading attorneys in the field; Paybefore Magazine(TM), a
biannual print publication featuring in-depth articles on the
opportunities, challenges and trends in the global prepaid and stored
value industry; and the only industry directory, Paybefore Buyer's
Guide(TM), available online and in print. Visit us at www.paybefore.com.
About U.S. Bancorp
U.S. Bancorp (NYSE: USB), with $308
billion in assets as of Dec. 31, 2010, is the parent company of U.S.
Bank, the fifth largest commercial bank in the United States. The
company operates 3,069 banking offices in 25 states and 5,310 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 www.usbank.com.
SOURCE: U.S. Bank
U.S. Bank Media Relations
Teri Charest, 612-303-0732