MINNEAPOLIS--(BUSINESS WIRE)--Apr. 8, 2015--
When disasters strike, the American Red Cross provides food, shelter and
comfort in the face of devastation. U.S. Bank will now be part of that
vital effort as the American Red Cross’ sole prepaid card provider
offering Red Cross staff and clients safe, reliable and immediate access
to emergency money with the U.S. Bank Prepaid Debit MasterCard® Disaster
Relief Client Assistance and Mission cards.
“We’re proud to expand the strategic relationship between U.S. Bank and
the American Red Cross by providing such an essential service,” said
Peter Klukken, general manager of U.S. Bank’s Prepaid Card team. “By
using prepaid cards, Red Cross workers are able to better serve their
clients at the time that matters most with a U.S. Bank prepaid card that
is safer than cash, quicker than waiting for a check and can be used
everywhere debit MasterCard is accepted in the U.S. and its territories.”
“Our prepaid card conversion to U.S. Bank will enable the American Red
Cross to leverage technology in new ways,” said Steve Casey, corporate
treasurer of the American Red Cross. “Most importantly, this new card
technology will help the Red Cross deliver its mission more efficiently
in communities across the country.”
American Red Cross employees and their clients won’t incur fees for
using the cards, and American Red Cross management will have instant and
easy access to reports showing card loads along with a robust inventory
tracking system that allows them to track all card inventories across
“Prepaid cards offer tremendous benefits that will give the American Red
Cross more time to focus on caring for people in need while spending
less time managing finances,” Klukken said.
Benefits for the cards include:
Free cash withdrawals from over 24,000 U.S. Bank and MoneyPass ATMs.
Free point-of-sale purchases wherever MasterCard debit is accepted in
the U.S. and its territories.
Free customer service, including live customer service agents.
Free online account access.
No monthly maintenance or overdraft fees (customers can’t use the card
if funds are not available).
U.S. Bank is an official partner of the American Red Cross National
Disaster Responder Program. In addition to the new prepaid card service,
the partnership includes:
Annual support up to $250,000 from U.S. Bank.
An employee donation portal for easier giving.
Employee donation matching program.
Special donation screens on U.S. Bank ATMs, which can be activated
nationally or regionally as needs arise, to allow customers to
contribute quickly and directly to local Red Cross emergency relief
About U.S. Bank:
Minneapolis-based U.S. Bancorp, with $403
billion in assets as of December 31, 2014, is the parent company of U.S.
Bank National Association, the 5th largest commercial bank in
the United States. The company operates 3,176 banking offices in 25
states and 5,022 ATMs and provides a comprehensive line of banking,
brokerage, insurance, investment, mortgage, trust and payment services
to consumers, businesses and institutions. Visit U.S. Bancorp at
Source: U.S. Bank
Lori Swarthout, U.S. Bank Public Relations