U.S. Bank has become the first to offer mobile pay features for its corporate card clients, allowing U.S. Bank Corporate Travel Card customers to pay on the go with Apple Pay, Android Pay, or Samsung Pay.
“Business travelers are increasingly expecting the same convenience and security in their business transactions as they experience with their personal transactions,” Jeff Jones, president of U.S. Bank Corporate Payment Systems, said. “Consumer use of mobile payments is growing every day. Launching a corresponding capability for business travelers is the next logical step. This new functionality is a great compliment to our U.S. Bank Access Online mobile app. Together, they become a powerful mobile toolkit for managing commercial card accounts on the go.”
As with consumer transactions, paying via mobile payments offers added layers of security through a process called tokenization, which protects sensitive credit card information and reduces opportunities for fraud because actual card numbers are not stored on the device or at the retailer. In many cases, the company said, this provides for a more secure and quicker transaction than using a physical card at checkout.
“We are thrilled to work with U.S. Bank to help enable the security and convenience of mobile payments to U.S. Bank corporate card customers,” Vicky Bindra, global head of products and solutions for Visa, said.
Select U.S. Bank commercial clients can add their U.S. Bank Corporate Travel Card to their mobile payment app service now. A wider launch to all commercial clients is scheduled later this spring.