U.S. Bank Links Customers to Square Wallet
July 22, 2013
Late last week, U.S. Bank said it added Square to the digital wallet options currently available to consumers through its mobile payment solution. The Minneapolis-based financial institution’s customers now can link their bank-issued credit, debit or prepaid card to the Square application with the understanding the bank will still protect their purchases with zero-fraud liability. When consumers make purchases at merchants that accept Square Wallet, the application will draw the funds from the linked U.S. Bank account.
“Commerce is changing,” said Dominic Venturo, chief innovation officer for U.S. Bank Payment Services. “The proliferation of smartphones is altering the way consumers shop, compare products and make purchases. Our goal is to be where our customers are, and with the evolving marketplace, it’s important for us to support a variety of state-of-the art payment solutions to give customers the flexibility that they have come to expect from U.S. Bank.”
U.S. Bank said its customers can choose to register with one or more of the wallets it has partnered with “knowing they continue to be protected by layers of security and zero-fraud liability.”