-
U.S. Bank in Minneapolis has updated its mobile corporate payments app with features that allow the use of virtual card accounts single-use, cardless accounts through which a users are given a temporary 16-digit number with which to make a payment.
June 3 -
John Ikard, a Colorado bank CEO and incoming chairman of the American Bankers Association, hopes to score a few legislative victories on behalf of bankers, who he says have spent years on the defensive.
October 20 -
Each time Elavon, a payments-processing unit of U.S. Bancorp, launches a new product, its R&D lab steals a page from rock 'n' roll history to mark the occasion.
May 18
U.S. Bank has promoted Jeffrey W. Jones to president of its corporate payment systems group after he spent nearly 15 years as head of global treasury management.
Jones is replacing Kurt Adams, who resigned from the $419 billion-asset bank earlier this year and in September became the president of the payments-services provider Comdata Corporate Payments.
U.S. Bank's corporate-payment group offers travel, purchasing, fleet and aviation charge cards among other payment products and virtual accounts. The group processed $56.3 billion of payments last year.
Jones has been with U.S. Bank, the main banking unit of U.S. Bancorp in Minneapolis, since 1983 and held several roles in wholesale banking before he began leading treasury management in 2001.
