MINNEAPOLIS--(BUSINESS WIRE)--Jul. 18, 2013--
U.S. Bank – a leader in delivering mobile purchasing power to its
customers – has added Square to its digital wallet options available to
customers via their iOS and Android smartphones. Customers can link
their U.S. Bank credit, debit, or prepaid account to the Square
application to make purchases from their smartphone.
“Commerce is changing,” said Dominic Venturo, chief innovation officer
for U.S. Bank Payment Services. “The proliferation of smartphones is
altering the way consumers shop, compare products and make purchases.
Our goal is to be where our customers are, and with the evolving
marketplace, it’s important for us to support a variety of state-of-the
art payment solutions to give customers the flexibility that they have
come to expect from U.S. Bank.”
Square wallet can be used at merchant locations that sell with Square.
Customers can discover nearby businesses using Square wallet, and pay at
the point of sale with their mobile device by simply saying their name.
Square’s technology automatically manages the transaction from the
customer’s U.S. Bank payment account to the merchant. Transactions are
completed without the cashier ever having the customer’s account number
and other sensitive data.
“We share a strong commitment with U.S. Bank to helping local businesses
thrive,” said Chuck Kimble, head of strategic partnerships with Square.
“Square Wallet gives U.S. Bank customers an easy and engaging way to
discover and pay at great businesses in their neighborhood – all from
U.S. Bank is recognized as an innovator in the financial services
industry, and is engaged with multiple wallet providers, to ensure our
cardholders have choices when it comes to digital wallets. U.S. Bank
customers can choose to register with one or more wallets that we offer
and shop with confidence at any store that displays a wallet’s logo,
knowing they continue to be protected by layers of security and
Square Wallet, available in the US, is the most
seamless way to pay, enabling individuals to pay at their favorite local
businesses, discover new ones nearby, explore menu listings, and store
receipts. Founded in 2009, and headquartered in San Francisco, Square is
currently available in the U.S. and Canada. More information is
available at squareup.com.
About U.S. Bank
U.S. Bancorp (NYSE: USB), with $353 billion
in assets as of June 30, 2013, is the parent company of U.S. Bank, the
5th largest commercial bank in the United States. Celebrating its 150th
anniversary this year, the company operates 3,087 banking offices in 25
states and 5,032 ATMs and provides a comprehensive line of banking,
brokerage, insurance, investment, mortgage, trust and payment services
products to consumers, businesses and institutions. Visit U.S. Bancorp
on the web at www.usbank.com.
Source: U.S. Bancorp
Teri Charest, U.S. Bank Media Relations
(612) 303-0732, firstname.lastname@example.org