MINNEAPOLIS, Apr 14, 2011 (BUSINESS WIRE) --
Barlow Research Associates, Inc. has honored U.S. Bank with a 2011
Monarch Innovation Award, recognizing the company's ScoreBoard online
payments management tool for small businesses. Barlow provides worldwide
research and consulting services for the financial services industry,
and began the Monarch Innovation Awards in 2007.
Awards were chosen by an independent jury for their innovative products
and features. Judges quantitatively scored each submission based on
factors including uniqueness, customer loyalty, dependability, ease of
use and value. U.S. Bank received the "Innovative Feature" award for its
ScoreBoard tool, which helps small businesses make smarter decisions
about the financial operations of their business.
"U.S. Bank is proud to be recognized as a financial services innovator
with this prestigious award from Barlow Research," said Robert Kaufman,
senior vice president, U.S. Bank Payment Services. "ScoreBoard leverages
our expertise as both a card issuer and processor to provide our
business customers with a complete picture of their credit card
purchases and sales. This data offers insights about how they can more
effectively manage card spending and processing as a small business."
ScoreBoard 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. 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. For details, visit www.usbank.com/scoreboard.
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 for small businesses as ranked by small business owners.
About the Monarch Innovation Awards
Developed by Barlow Research Associates, Inc. to recognize the
importance - and challenge - of innovation in a highly regulated
financial services industry, the award is named after the monarch to
symbolize the rebirth that results when old formulas and methods give
way to new ways of doing things. For details visit www.MonarchInnovationAwards.com.
About Barlow Research Associates, Inc.
Barlow Research Associates, Inc. (BRAI) was founded in 1980 to provide
research and consulting services to the banking industry in the U.S. and
overseas. BRAI specializes in custom research, strategic consulting and
syndicated research programs in small business, middle market and
Internet banking. BRAI has a wide range of experience in many financial
markets, and knows the questions to ask and the issues to probe. www.BarlowResearch.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