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U.S. Bank Gives Business Customers Convenient, On-The-Go Banking Services with Mobile SinglePoint

MINNEAPOLIS, Sep 12, 2011 (BUSINESS WIRE) --

U.S. Bank is offering a new tool for business customers that provides secure banking services via their mobile device. U.S. Bank Mobile SinglePoint connects them to their account information wherever they are located. It is an extension of U.S. Bank SinglePoint(R), the web portal to U.S. Bank's suite of treasury management services, and SinglePoint Essentials, a basic suite of services for small businesses.

"Mobile SinglePoint's design for on-the-go users lets them access all the cash management tools they need when they are away from their desk or office," said Michelle Darsow, vice president and mobile channel manager for the U.S. Bank Global Treasury Management Group. "They can view account balances, transfer funds, approve time-sensitive payments, reset a user's password, make positive pay decisions and view check images through their mobile device."

Mobile SinglePoint uses the same security standards and policies as SinglePoint and SinglePoint Essentials. Communications are securely encrypted, and banking data and credentials are never stored on business customers' mobile devices.

This summer, U.S. Bank piloted Mobile SinglePoint to a select group of customers. Two of the pilot customers, Tenaska and InSpa Corporation, confirm the efficiency and convenience of Mobile SinglePoint.

"Mobile SinglePoint is a great tool. It's very useful when I am not near my desk," said Stephanie Dougherty, manager of accounting operations for Tenaska, based in Omaha, Neb. "Like many people in the business world, I am tied to my mobile device and this service is a great convenience for me."

"Since I haven't had backup in a while, it was good to be able to use positive pay and transfer functions on the road," said Kathy Hasegawa, controller for Seattle-based InSpa Corporation. "I would imagine many companies with limited staff would like this feature so they can 'leave' the office."

Business customers that currently have their accounts at U.S. Bank and are interested in Mobile SinglePoint, can contact their banker or visit www.usbank.com/treasurymanagement/contactus to locate a consultant. To learn more about SinglePoint, visit www.usbank.com/singlepoint.

U.S. Bancorp (NYSE: USB), with $321 billion in assets as of June 30, 2011, is the parent company of U.S. Bank, the fifth-largest commercial bank in the United States. The company operates 3,086 banking offices in 25 states and 5,086 ATMs and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. U.S. Bancorp and its employees are dedicated to improving the communities they serve, for which the company earned the 2011 Spirit of America Award, the highest honor bestowed on a company by United Way. Visit U.S. Bancorp on the web at www.usbank.com.

SOURCE: U.S. Bank

U.S. Bank
Amy Frantti, Public Relations, 612-303-0733
amy.frantti@usbank.com
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding U.S. Bancorp's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.



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