MINNEAPOLIS & CINCINNATI--(BUSINESS WIRE)--Jul. 23, 2012--
prepaid debit cardholders can now enjoy surcharge-free transactions at
that offer the MoneyPass Network, a network of over 23,000 ATM locations
nationwide. Debit cardholders can conveniently access ATM locations
where they live, work and travel and by using the MoneyPass ATM Locator
App to find them more easily.
“Providing surcharge-free transactions at MoneyPass ATMs demonstrates
our commitment to enhancing our Kroger partnership and bringing added
value to our Kroger prepaid debit cardholders,” said Peter Klukken,
senior vice president at U.S. Bank. “Customers save money on groceries
and fuel at The Kroger Family of Stores and Fuel Centers with purchases
made using the Kroger prepaid debit card, and they now can save even
more money by using them at the surcharge-free MoneyPass ATMs.”
Surcharge-free MoneyPass ATM transactions are an extension of U.S.
Bank’s extensive financial services relationship with The Kroger Co.
(NYSE: KR), one of the world’s largest retailers. In 2010, U.S. Bank and
Kroger formed a strategic alliance that offered Kroger customers and
associates a suite of payment products and financial services, including
reloadable prepaid debit products that offer rewards with every purchase
and can be used to shop and pay bills online.
“Kroger is focused on providing money management solutions that enable
our customers to make smart choices with their money,” said Kathleen
Kelly, president of Kroger Personal Finance. “The MoneyPass Network
together with the Kroger prepaid debit card will provide customers with
access to over 23,000 ATMs surcharge free. We are delighted to be able
to help customers save a little of their hard earned dollars.”
In addition to the payment products, U.S.
Bank provides a number of retail, corporate banking, trust, capital
markets and credit services for Kroger. U.S. Bank operates bank branches
in 192 of the 2,500 stores Kroger operates under two dozen local banner
names including Kroger, Ralphs, Fred Meyer, Fry’s, King Soopers,
Smith’s, Dillons, QFC and City Market.
About Kroger Personal Finance
Kroger Personal Finance(R)
(KPF) is a department of The Kroger Co. that offers customers simple and
transparent money management solutions, from preferred providers. Our
products include credit cards, gift and prepaid cards, and in-store
money services such as check cashing, Coinstar(R) and Western Union(R).
Information about KPF products and services is available in the nearly
2,500 stores Kroger operates under two dozen local banner names
including Kroger, Ralphs, Fred Meyer, Fry's, King Soopers, Smith's,
Dillons, QFC and City Market. For more information about Kroger Personal
Finance, visit www.krogerpersonalfinance.com.
Kroger, one of the world’s largest retailers,
employs more than 339,000 associates who serve customers in 2,425
supermarkets and multi-department stores in 31 states under two dozen
local banner names including Kroger, City Market, Dillons, Jay C, Food 4
Less, Fred Meyer, Fry's, King Soopers, QFC, Ralphs and Smith's. The
company also operates 789 convenience stores, 337 fine jewelry stores,
1,109 supermarket fuel centers and 38 food processing plants in the U.S.
Recognized by Forbes as the most generous company in America, Kroger
supports hunger relief, breast cancer awareness, the military and their
families, and more than 30,000 schools and grassroots organizations in
the communities it serves. Kroger contributes food and funds equal to
160 million meals a year through more than 80 Feeding America food bank
partners. For more information please visit Kroger.com.
MoneyPass is a network of Elan Financial
Services, one of the nation's leading providers of comprehensive ATM and
debit card processing solutions for financial institutions, Independent
Sales Organizations (ISOs), and retailers. MoneyPass provides
surcharge-free access at more than 23,000 ATMs across the United States,
allowing cardholders of participating financial institutions to access
their money where they live, work and travel. With more than 1,400
participating financial institutions, more than 20 participating ISOs,
and 60 million active cards, MoneyPass is a rapidly growing
surcharge-free network whose emphasis is on cost-efficient membership
options, flexible terms and accessible locations. MoneyPass cardholders
can easily locate MoneyPass ATMs by visiting the online ATM locator at www.moneypass.com.
For more information, call 1-800-343-7064 or visit www.moneypass.com.
About U.S. Bank
Minneapolis-based U.S. Bancorp (NYSE: USB),
with $353 billion in assets as of June 30, 2012, is the parent company
of U.S. Bank National Association, the fifth-largest commercial bank in
the United States. The company operates 3,080 banking offices in 25
states and 5,085 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
U.S. Bank Media Relations
Teri Charest, 612-303-0732
Keith Dailey, 513-762-1304