Minneapolis-based U.S. Bank, the first bank to offer real-time, person-to-person payments through the security of the clearXchange network, the largest bank-offered digital payments network in the United States, is now making the service available to customers with no fee, effective immediately.
Since U.S. Bank introduced this service to its customers, several other financial institutions have been added to the clearXchange platform, making real-time payments more broadly available.
U.S. Bank’s real-time, person-to-person service requires only an email address or mobile phone number to start, and once set up, money can be sent easily and safely online or through a mobile device.
The real-time feature is available through U.S. Bank Send Money for any customer who is enrolled in U.S. Bank Online Banking. U.S. Bank Send Money utilizes U.S. Bank’s strong authentication steps to ensure secure transactions.
The U.S. Bank Send Money service is powered by Early Warning’s clearXchange network. U.S. Bank became a member and co-owner of Early Warning in 2016, and began using the clearXchange network on February 21, 2016.
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