U.S. Bank

First National Bank of Cincinnati opened for business. As regional banks proliferated across the country in the years that followed, a number of other predecessors were born. After a series of mergers at the turn of the 21st century, we formally took on the U.S. Bank name and established our headquarters in Minnesota. Today, U.S. Bank is the fifth-largest bank in the country, with 74,000 employees and $467 billion in assets as of December 31, 2018.

Source: usbank.com

Today in Payments: Mastercard Q3 Shows Cross-Border Spend Slump; Pinterest Revenue Surges As Ads Shift From Facebook
Today in Payments: Mastercard Q3 Shows Cross-Border Spend Slump; Pinterest Revenue Surges As Ads Shift...
October 29, 2020  |  News

In today’s top news, Mastercard third-quarter earnings demonstrated the shift to digital, and Pinterest revenue was boosted due to a shift away from Facebook. And...

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U.S. Bank On Helping Businesses Pick Faster Payment Options
U.S. Bank On Helping Businesses Pick Faster Payment Options
October 29, 2020  |  Faster Payments

Paper checks have long been a mainstay of corporate payments, with 42 percent of companies reportedly using checks to pay vendors in 2019. It is...

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TravelBank, U.S. Bank Team On Virtual Cards, Expense Management
TravelBank, U.S. Bank Team On Virtual Cards, Expense Management
September 22, 2020  |  B2B Payments

TravelBank will work with U.S. Bank in order to integrate the former’s travel and expense management platform with the latter’s U.S. Bank Instant Card, in...

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US Bank On Improving B2B Payments Via Open Banking
US Bank On Improving B2B Payments Via Open Banking
July 02, 2020  |  API

B2B payments are often complicated by incompatible systems that delay transactions and add additional fees. Embracing open banking can help, but many financial institutions have...

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U.S. Bank: How Legacy Systems Impede Open Banking Adoption
U.S. Bank: How Legacy Systems Impede Open Banking Adoption
July 01, 2020  |  API

B2B payments account for $25 trillion in the United States each year, but these transactions are often fraught with frustrations and challenges. Studies have found...

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U.S. Bank Launches New Visibility, Invoice Options For Freight Carriers
U.S. Bank Launches New Visibility, Invoice Options For Freight Carriers
June 10, 2020  |  B2B Payments

New U.S. Bank features will allow freight carriers new B2B payment options such as a new dashboard for better receivables visibility and a way to...

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Lawsuits Allege Banks Played Favorites With PPP Loans
Lawsuits Allege Banks Played Favorites With PPP Loans
April 20, 2020  |  Legal

Separate class-action lawsuits were filed against Wells Fargo, Frost Bank, JPMorgan Chase, US Bancorp and Bank of America, alleging that the financial institutions (FIs) unlawfully...

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US Bank Teams With Fiserv To Streamline Data Transfers
US Bank Teams With Fiserv To Streamline Data Transfers
March 16, 2020  |  API

U.S. Bank and the FinTech Fiserv are collaborating to streamline data sharing so customers can easily connect their financial information with their preferred third-party app,...

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Ex-US Bank Risk Officer Fined Over AML Compliance
Ex-US Bank Risk Officer Fined Over AML Compliance
March 04, 2020  |  AML

The Financial Crimes Enforcement Network (FinCEN) has fined Michael LaFontaine, former chief operational risk officer at U.S. Bank, a subsidiary of U.S. Bancorp, with a...

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