MINNEAPOLIS, Nov 01, 2011 (BUSINESS WIRE) --
U.S. Bank, lead bank of U.S. Bancorp (NYSE:USB), now offers the new
Visa(R) Convenient Cash(TM) Card (Convenient Cash Card) in all of its
branches across the United States. The Convenient Cash Card is a
reloadable prepaid card that allows cardholders to make purchases
wherever Visa(R) debit is accepted. Unlike other prepaid products, U.S.
Bank cardholders can add funds to the Convenient Cash Card at any U.S.
Bank branch and withdraw money from any U.S. Bank ATM free of charge.
"As a leading issuer of Visa Prepaid cards, U.S. Bank continues to offer
new financial products and services that consumers find highly
valuable," said Kevin Morrison, senior vice president, U.S. Bank Retail
Payments Solutions. "We continue to lead the payments industry with new
and innovative products, like the Convenient Cash Card, that serve a
wider segment of the population and also provide alternative products to
The Convenient Cash Card is for consumers who seek convenience, safety
and control of their everyday necessities, such as groceries, gas, bill
payments and online purchases, or to help them separate discretionary
spending from their funds in other accounts. As a reloadable prepaid
card, the Convenient Cash Card helps customers budget their money and
avoid overspending because it only lets a cardholder use the funds that
are available on the card. Cardholders have access to account management
tools; including text alerts, email notifications and online statements.
Customers can add funds at any U.S. Bank branch free of charge. Payroll
and government disbursements can also be deposited directly on the card.
Cardholders can also quickly add funds to their Convenient Cash Card at
any of the approximately 50,000 locations nationwide offering Visa
U.S. Bank Retail Payment Solutions (RPS) is one of the nation's leading
providers of payment processing, issuing and advisory services. RPS
offers a full suite of payment solutions to consumers and small
businesses through U.S. Bank and in partnership with financial
institutions, businesses, governments and employers.
About U.S. Bank
U.S. Bancorp (NYSE: USB), with $330 billion in assets as of Sept. 30,
2011, is the parent company of U.S. Bank, the fifth-largest commercial
bank in the United States. The company operates 3,089 banking offices in
25 states and 5,092 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
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SOURCE: U.S. Bank
Teri Charest, U.S. Bank Media Relations, 612-303-0732