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
"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'
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
SOURCE: U.S. Bank
Amy Frantti, Public Relations, 612-303-0733