Elavon, a leading global payments provider and wholly-owned subsidiary of U.S. Bancorp has acquired Collective Point of Sale Solutions Ltd. (Collective POS) in Toronto, Canada. The deal expands Elavon’s presence and distribution network in Canada and aligns with Elavon’s global growth strategy in strategic markets. Founded in 2001, Collective POS is known for providing innovative, customized payment processing and merchant services to entrepreneurs and owners of small to medium-sized businesses in Canada. With more than 80 employees, Collective POS serves nearly 12,000 businesses across Canada and processes in excess of $1 billion worth of debit and credit card transactions annually. Click here for more information.
U.S. Bank announced that in early 2013, they will launch Mobile Photo Bill Pay, a service that will allow customers to pay bills by snapping a photo of their paper bill or remittance coupon with their mobile device. Click here for more information.
U.S. Bank is releasing a new mobile app designed for the Windows Phone 8 operating system. The release of a mobile banking app on the Windows Phone platform means that U.S. Bank can now serve customers who choose any major mobile phone, having previously released apps for Android, iPhone, and Blackberry. The app can be downloaded for free from the Windows Phone Store. Click here for more information.
The new U.S. Bank Business Visa Charge Card is designed for small businesses to build their business credit. Benefits of the new card include no interest charges or revolving balances because customers pay in full each month, no monthly or annual fees, minimum 25-day monthly grace period, and up to 1% cash back on purchases. Click here for more information.
U.S. Bank's new Cash+ Visa Signature Credit Card allows cardholders to select two categories for which they can earn 5% cash back each quarter. They can also select a 2% everyday spend category, which includes gas stations, grocery stores, and drug stores. All other purchases made with the card earn 1% cash back. In addition, U.S. Bank cardholders receive a $25 bonus if they redeem $100 at one time. Click here for more information.
U.S. Bank introduced the Ace Rewards Visa Application for iPhone, allowing customers to easily apply for an Ace Rewards Visa Credit Card. Upon instant approval, new qualified cardholders receive a secure virtual credit card via their iPhone. Cardholders can simply hand their iPhone with the virtual card displayed to an Ace associate at checkout when making a purchase. Ace Reward Visa cardholders earn up to 5% back for Ace purchases, 2% back on gas and grocery purchases, and 1% back everywhere else Visa is accepted. Click here for more information.