MINNEAPOLIS–September 10 , 2015–Android Pay™, a safe and secure way for customers to make mobile payments and for merchants to accept mobile payments, is beginning to roll out to customers of U.S. Bank and Elavon, the global acquiring subsidiary of U.S. Bancorp (NYSE: USB).
Android Pay will be available for download on Google Play in the next few days, and will come preinstalled on new NFC-enabled Android phones from major carriers. With Android Pay, U.S. Bank customers with eligible consumer and small-business Visa credit or debit cards will be able to use their Android mobile phone to make fast, simple and secure payments in-store—all without pulling out a wallet.
In order to keep a customer’s card details safe, Android Pay does not send actual credit or debit card numbers to merchants with payment. Instead, through tokenization, Android Pay uses a virtual account number to represent a customer’s account information. U.S. Bank and Elavon merchant customers can accept Android Pay at the point of sale using terminals enabled with Near Field Communication (NFC).
“Adding Android Pay as a mobile payment option for our cardmembers and merchant customers is one more way we make it convenient for our customers to do business with U.S. Bank and Elavon,” said Dominic Venturo, chief innovation officer at U.S. Bank. “Android Pay aligns with our commitment to innovation that leads to better experiences for our customers.”
For more information about Android Pay and U.S. Bank cards, please visit usbankgomobile.com/wallet/#/androidpay. For more information about point of sale devices equipped with NFC functionality, visit www.elavon.com or speak to a banker.
About U.S. Bank
Minneapolis-based U.S. Bancorp (NYSE: USB), with $419 billion in assets as of June 30, 2015, is the parent company of U.S. Bank National Association, the fifth largest commercial bank in the United States. The Company operates 3,164 banking offices in 25 states and 5,020 ATMs and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com.
About Elavon (www.elavon.com)
Elavon is wholly owned by U.S. Bancorp (NYSE: USB) and provides end-to-end payment processing solutions and services to more than 1.3 million customers in the United States, Europe, Canada, Mexico, Brazil and Puerto Rico. As the #1 provider for airlines and a top five provider for hospitality, healthcare, retail, and public sector/education, Elavon’s innovative payment solutions are designed to solve pain points for businesses from small to enterprise-sized.