US BANCORP

(USB)
  Report
Delayed Nyse  -  04:00 2022-08-09 pm EDT
47.18 USD   +0.49%
08/09U.S. Bank Delivers Another Real-Time Payment Solution to Auto Dealers
BU
08/04US BANCORP : U.S. Bank releases 2021 ESG report
PU
08/01US BANCORP : Liquidity Coverage Ratio Public Disclosure
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

US Bancorp : U.S. Bank honored for innovating to meet client payment needs with Instant Card

11/20/2021 | 01:24am EDT
2021 Impact Award in Product Development awarded to the company by the Aite Group.

As employers across the U.S. sent employees home to work in the spring of 2020, U.S. Bank started to hear from corporate credit card clients who had a challenge. The businesses needed to quickly provide many of their newly remote employees a way to make purchases - like home office equipment - without using their personal credit cards. At the same time, many on-site employees needed to procure PPE and cleaning supplies.

To meet these client payment needs, U.S. Bank accelerated development and in June 2020 launched U.S. Bank Instant Card. The virtual corporate credit card provides a fast, efficient way for employees, contractors and external consultants to make authorized purchases and support business continuity. After the employer sets card restrictions and expiration dates to protect against fraud and misuse, the card is pushed directly to the user's mobile phone for immediate use.

For jumping into action and creating an "innovative, timely solution that met its clients' essential payment needs," U.S. Bank was recently awarded the 2021 Impact Innovation Award in Product Development by the Aite Group, a global research and advisory firm. The annual Impact Innovation Awards celebrate "innovation achieved by financial institutions leveraging technology to surpass the status quo."

In the Impact Brief presented with the award, the Aite Group wrote, "Covid may have acted as the catalyst for change, highlighting the importance of technology modernization for financial institutions. U.S. Bank answered the call."

The Impact Brief added that Instant Card has, "experienced a high level of adoption since its introduction, with creative use cases including distribution of emergency funds to foster care parents, funds for utility field workers, food and shelter for emergency firefighters, travel and other financial support for university students, and travel support" for job candidates.

"We are driven every day to deliver our clients innovative payment solutions, like Instant Card, that help them operate more efficiently while providing them convenience and control," said Bradley Matthews, senior vice president in Corporate Payment and Treasury Solutions at U.S. Bank. "We're honored to receive this award and look forward to continuing to help more clients utilize this solution. The impactful use cases for Instant Card continue to grow."

Disclaimer

U.S. Bancorp published this content on 20 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 November 2021 06:23:04 UTC.


© Publicnow 2021
All news about US BANCORP
08/09U.S. Bank Delivers Another Real-Time Payment Solution to Auto Dealers
BU
08/04US BANCORP : U.S. Bank releases 2021 ESG report
PU
08/01US BANCORP : Liquidity Coverage Ratio Public Disclosure
PU
08/01US BANCORP : June 30, 2022 U.S. Bancorp
PU
07/29Oppenheimer Adjusts U.S. Bancorp Price Target to $72 From $68, Maintains Outperform Rat..
MT
07/29US BANCORP : Report at the close of business as of the last calendar day of the quarter
PU
07/28U.S. BANCORP FINED $37.5 MLN OVER SH : Bloomberg
MT
07/28Consumer Financial Protection Bureau Fines U.S. Bank for Illegally Accessing its Custom..
CI
07/28US Bank to Pay $37.5 Million to Settle Sham Account Allegations -- Update
DJ
07/28U.S. Bank NA to Pay $37.5 Million to Settle Sham Account Allegations
DJ
More news
Analyst Recommendations on US BANCORP
More recommendations
Financials (USD)
Sales 2022 24 168 M - -
Net income 2022 5 774 M - -
Net Debt 2022 - - -
P/E ratio 2022 11,8x
Yield 2022 3,94%
Capitalization 70 099 M 70 099 M -
Capi. / Sales 2022 2,90x
Capi. / Sales 2023 2,43x
Nbr of Employees 68 796
Free-Float 69,8%
Chart US BANCORP
Duration : Period :
US Bancorp Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends US BANCORP
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 47,18 $
Average target price 54,98 $
Spread / Average Target 16,5%
EPS Revisions
Managers and Directors
Andrew J. Cecere Chairman, President & Chief Executive Officer
Terrance R. Dolan Chief Financial Officer & Vice Chairman
Jeffry H. von Gillern Vice Chairman-Technology & Operations Services
Katherine B. Quinn Vice Chairman & Chief Administrative Officer
Olivia Faulkner Kirtley Lead Independent Director
Sector and Competitors
1st jan.Capi. (M$)
US BANCORP-16.01%70 099
JPMORGAN CHASE & CO.-27.14%338 360
BANK OF AMERICA CORPORATION-24.72%272 555
INDUSTRIAL & COMMERCIAL BANK OF CHINA LTD.-6.59%218 724
WELLS FARGO & COMPANY-9.55%164 618
CHINA CONSTRUCTION BANK CORPORATION-8.52%159 096