MINNEAPOLIS & SAN MATEO, Calif., Apr 12, 2012 (BUSINESS WIRE) --U.S.
Bank, in partnership with FreeMonee
Network, is the first bank to offer FreeMonee Gifts - cash
incentives from popular national merchants that are generated
automatically and relevant to U.S. Bank Check Card customers.
"U.S. Bank is continually looking for ways to reward our loyal
cardholders," said Clifford Cook, chief marketing officer for U.S. Bank
Retail Payment Solutions. "FreeMonee Gifts are a simple and safe way for
us to give free cash incentives to our cardholders to use at their
favorite major retailers."
U.S. Bank awards FreeMonee Gifts several times a month to select check
card customers through an email from U.S. Bank that alerts them of their
new, customized FreeMonee Gifts, which range from $2 to $50, depending
on the merchant.
The FreeMonee Gifts are targeted to ensure they are relevant and
valuable to customers. Cardholders redeem their gift by simply using
their U.S. Bank Check Card when they shop at the specific retail store,
website or restaurant named in their gift message. Once the purchase is
completed, U.S. Bank automatically credits the cardholder's account with
the specified gift amount.
"FreeMonee is a powerful new way for banks to positively engage their
customers and for merchants to drive incremental, profitable sales,"
said Jim Taschetta, chief marketing officer for FreeMonee Network.
"Consumers love receiving a cash gift that is directly linked to their
card and can be spent at relevant merchants, with no strings attached.
We believe FreeMonee Gifts will change the face of card loyalty
programs. We are pleased to formally announce our expanded program with
U.S. Bank to provide their customers with another reason to love their
About FreeMonee Network
is the world's first and only gift network - connecting millions of
credit and debit cardholders from the world's largest financial
institutions with national and local merchants. Merchants offer
FreeMonee Gifts - cash incentives - to individual cardholders through
their financial institutions. FreeMonee Gifts function like a gift card
on an individual's debit or credit card, allowing consumers to purchase
anything they want with the designated merchant, with no strings
attached. Through continued partnerships with top U.S. financial
institutions, the company expects 50 million households to have access
to FreeMonee Gifts by the end of 2012.
About U.S. Bancorp
U.S. Bancorp (NYSE: USB), with $340
billion in assets as of Dec. 31, 2011, is the parent company of U.S.
Bank, the fifth-largest commercial bank in the United States. The
company operates 3,085 banking offices in 25 states and 5,053 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.
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SOURCE: U.S. Bancorp
U.S. Bank Public Relations
Teri Charest, 612-303-0732
Deanna Decker, 415-277-4929