MINNEAPOLIS--(BUSINESS WIRE)--Sep. 10, 2015--
Android Pay™, a safe and secure way for customers to make mobile
payments and for merchants to accept mobile payments, is beginning to
roll out to customers of U.S. Bank and Elavon, the global acquiring
subsidiary of U.S. Bancorp (NYSE:USB).
Android Pay will be available for download on Google Play in the next
few days, and will come preinstalled on new NFC-enabled Android phones
from major carriers. With Android Pay, U.S. Bank customers with eligible
consumer and small-business Visa credit or debit cards will be able to
use their Android mobile phone to make fast, simple and secure payments
in-store—all without pulling out a wallet.
In order to keep a customer’s card details safe, Android Pay does not
send actual credit or debit card numbers to merchants with payment.
Instead, through tokenization, Android Pay uses a virtual account number
to represent a customer’s account information. U.S. Bank and Elavon
merchant customers can accept Android Pay at the point of sale using
terminals enabled with Near Field Communication (NFC).
“Adding Android Pay as a mobile payment option for our cardmembers and
merchant customers is one more way we make it convenient for our
customers to do business with U.S. Bank and Elavon,” said Dominic
Venturo, chief innovation officer at U.S. Bank. “Android Pay aligns with
our commitment to innovation that leads to better experiences for our
For more information about Android Pay and U.S. Bank cards, please visit usbankgomobile.com/wallet/#/androidpay.
For more information about point of sale devices equipped with NFC
functionality, visit www.elavon.com
or speak to a banker.
About U.S. Bank
Minneapolis-based U.S. Bancorp (NYSE: USB),
with $419 billion in assets as of June 30, 2015, is the parent company
of U.S. Bank National Association, the fifth largest commercial bank in
the United States. The Company operates 3,164 banking offices in 25
states and 5,020 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.
About Elavon (www.elavon.com)
is wholly owned by U.S. Bancorp (NYSE: USB) and provides end-to-end
payment processing solutions and services to more than 1.3 million
customers in the United States, Europe, Canada, Mexico, Brazil and
Puerto Rico. As the #1 provider for airlines and a top five provider for
hospitality, healthcare, retail, and public sector/education, Elavon’s
innovative payment solutions are designed to solve pain points for
businesses from small to enterprise-sized.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150910006379/en/
Source: U.S. Bancorp
Holly Maddox, 404-632-6088