U.S. Bank is the first bank in the nation to offer Visa Payment Controls, which gives small business owners control over how, when and where their employees’ business credit cards are used. Visa Payment Controls lets small business owners manage how employees can use their cards based on Time of day or day of week, Geographical area, merchant type, and dollar amount. Controls can be applied or removed in real-time, giving business owners complete flexibility over managing their employee card usage.
Elavon global payments provider and wholly-owned subsidiary of U.S. Bancorp and China UnionPay bankcard association set forth binding agreement to facilitate debit and credit card acceptance at Elavon’s merchants in the United States and Europe, eventually to extend to Elavon’s Canadian and Latin American merchants. The agreement extends Elavon’s end-to-end processing control, giving merchants direct connectivity to UnionPay while leveraging Elavon’s secure, world class international processing platform to provide merchants with the benefit of a single point of service for processing, funding, settlement and reporting for all Visa, MasterCard, American Express, Discover Network and UnionPay transactions.
The U.S. Bancorp Foundation is donating $100,000 to the American Red Cross to assist with disaster relief efforts in Japan to help provide food, water, medical supplies and other services to victims of the recent earthquake and tsunami. The company is coincidentally encouraging all of its employees to make a contribution- which the Bank will match- and is waiving its minimum one-year employment requirement in order for employee donations to be matched by the U.S. Bancorp Foundation for this effort.
U.S. Bank will offer Secure Vault Payments (SVP) online payment option for student tuition payments and related education fees to the University of Wisconsin-Stout, Wisconsin’s Polytechnic University. This allows students or their parents to initiate payments on a college or university web site and are automatically redirected to their own financial institution’s online banking platform to select which account they wish to use for payment. They are then returned to the school’s site, where they receive payment confirmation. SVP was developed by NACHA to reduce paper checks and increase use of the ACH Network while the SVP switch technology that transfers users between the biller’s site and the financial institution’s site is provided by eWise.
The U.S. Bank “FlexPerks Travel Rewards
Visa Signature” credit card has been named the âBest Credit Card if You
Want Travel Perksâ by Kiplingerâs Personal Finance. “FlexPerks” was
chosen for its travel rewards that allow
customers to earn points toward free flights â which can be redeemed
with as few as 20,000 “FlexPoints” for airline tickets valued up to $400
on over 150 airlines with no blackout dates, capacity controls or award
e-ticket redemption fees, plus baggage allowances. Cardholders earn one
“FlexPoint” for each dollar spent, simply by using their “FlexPerks Travel
Rewards” card. “Double FlexPoints” can be earned automatically for gas,
groceries or airline purchases â whichever is highest for the customer
during the month. Customers have the flexibility to choose the rewards
they want with
“FlexPerks”‘. In addition to travel, customers can earn cash back,
merchandise or gift cards when they use their “FlexPerks” cards.
Cardholders also enjoy the universal acceptance that is available to
Visa card customers.
Card acquirer Elavon has extended its joint venture agreement with
OH-based KeyCorp for KeyBankâs merchant referral business.
The extended agreement allows for KeyBank to continue offering
white-labeled merchant services backed by a company solely dedicated to
the payments industry. Elavonâs entire, robust solutions offerings are
available to KeyBank merchants, from credit and debit processing to
Dynamic Currency Conversion, Electronic Check, Gift Card, professional
services and free online reporting. An added benefit to KeyBank
merchants is enrollment in Elavonâs PCI
Compliance Program, a comprehensive approach to assisting merchants meet
compliance requirements that includes education, validation, scanning
services and financial protection of up to $100,000 in the event of a
U.S. Bank and Capital One has introduced new cards as the holiday season gets into full swing. Planet Hollywood and U.S. Bank have launched the “Planet Hollywood Rewards Visa Platinum Card.” Cardholders earn one point for each net $1 spent and five points for every net $1 spent in purchases at Planet Hollywood Resort & Casino Las Vegas, including participating merchants at the resort, and Planet Hollywood restaurants and bars. New cardholders receive 1,000 bonus points, a free Planet Hollywood t-shirt and a $25 gift card for Buca di Beppo, the newest member to the Planet Hollywood family, after making their first purchase on the card. Other exclusive benefits include V.I.P. reservations and “jump the line” privileges. Capital One has introduced a new “No Hassle Rewards Card” that offers double miles and
maximum travel flexibility. Cardholders earn two miles for each dollar of monthly spending above $1,000 and one mile per dollar spent on all other purchases. Customers book their travel by whatever means they prefer using their Cap One card, then request Capital One to reimburse the charge with miles. The cost of the transaction is refunded on the next statement. The number of rewards required is based on price, with 10,000 miles equaling a $100 reimbursement.
U.S. Bank has introduced biodegradable PVC payment card, Arthur Blank &
Co. has added another new green card to its “GreenLine” product suite
and the ICMA plans to discuss a new green initiative at its November
task force meeting. U.S. Bank has teamed with CPI Card Group to offer a
“bioPVC” card to “Voyager” commercial fleet card customers. The first
cards are rolling out this month. The 99% PVC product biodegrades in
nine months to five years in soil, water, compost, or wherever
microorganisms are present. Voyager Fleet Systems provides a universal
fleet fueling and maintenance card for over 1.6 million vehicles. Arthur
Blank is introducing the “AB HybridCard” that is part recycled and part
virgin PVC. The .030″ thick material is comprised of a recycled plastic
core sandwiched between two layers of traditional bright white PVC
resulting in a 50% recycled plastic and 50% traditional PVC product.
The new AB “GreenLine” card also contains post-consumer material in
addition to the pre-consumer content coming from Arthur Blankâs program
for reutilization of factory scrap. Meanwhile, ICMA members will gather
on November 18th as part of ICMAâs “Green Task Force” to help develop an
environmentally responsible standard for card manufacturing.
U.S. Bank’s B2B payment network “Access Online Payment Plus”, continues
fuel growth for U.S. Bank. Payment Plus automates procure-to-pay
processes by enabling
organizations to submit payment instructions electronically, in batches
or on-demand. The buyer
determines the timing of the disbursement while maintaining visibility
and control from
beginning to end. Clients find the increased control and visibility to
spend across all
departments to be a critical benefit as a result of implementing Payment
During the first year Payment Plus was available, U.S. Bank saw B2B
payment growth of approximately 15%.
Payment processor Elavon has renewed its agreement to provide acquiring
services and payment solutions with Regency Hotel Management and
Affiliates American enterprise, which includes more than 50 owned and
properties in 9 states including Hilton, Radisson, Choice, Best Western
and ClubHouse. Elavonâs payment processing solutions for the
hospitality market consolidate the payments process across an enterprise
â whether from multiple point-of-sale locations within a single property
or across a global footprint. From gateway services and VARs to
reporting tools that slash chargebacks to half the industry average,
Elavonâs end-to-end network addresses the unique needs of hospitality
and travel and entertainment clients. Elavonâs Global Acquiring
Solutions organization is a part of U.S. Bancorp. Elavon provides
end-to-end payment processing services to more than one million merchants.
Atlanta-based Elavon, f/k/a NOVA Information Systems, has announced a three-year agreement to provide credit and debit card processing to Hard Rock Park. The new rock n’ roll theme park is located in Myrtle Beach, SC. The agreement provides processing for 80 different service points across the park. HRP Myrtle Beach Operations owns and operates Hard Rock Park, an approximately 140-acre rock nÃ¢Â roll theme park, under a long term license agreement with Hard Rock International. Elavon provides end-to-end payment processing services to more than one million merchants in the U.S., Europe, Canada and Puerto Rico. Elavon represents the former brands of NOVA Information Systems and its affiliates FHMS and euroConex.