U.S. Bank’s New Small-Business Payments Bundle Could Be A Game Changer For U.S. Bancorp (USB)
What's happening
U.S. Bank has launched Enhanced Payments, a bundled payments solution for small businesses available in its mobile app and online banking. The tool is positioned to let businesses complete international wires digitally, move money faster and lower costs, and generally make money movement quicker and more affordable. Executives including Arijit Roy say the bank is treating payments as the entry point to banking relationships to cultivate a low-cost funding base and to pursue younger customers such as Gen Z. Analysts and coverage frame the bundle as potentially transformative for U.S. Bancorp (USB).
Why it's trending
Payments-first products and a digital small-business bundle address pressure on deposits and the race for younger customers right now.
Signal2.0× its usual volume, confirmed across 1 independent source type.
Story volume
Stories per dayAngles you could write
Most banks push deposits, but U.S. Bank just put payments back in front, and that could make USB the winner in a low-rate world.
+2 more angles for this topic with an account — all it takes is your email.
Original sources5
- U.S. Bank pursues payments-first strategy
With payments as the entry point to banking relationships, the lender cultivates a low-cost funding base, said executive Arijit Roy.
Payments DiveJul 9 - U.S. Bank’s New Small-Business Payments Bundle Could Be A Game Changer For U.S. Bancorp (USB)simplywall.stJul 9
- US Bank advances money moving capabilities for SMEs
U.S. Bank today announced the launch of Enhanced Payments, a new bundled solution that helps small business owners move money quickly and more affordably – directly within U.S. Bank online banking and the bank’s mobile app.
FinextraJul 8
+2 more sources for this topic
Create an account to follow the full coverage in the live radar.
More rising in Fintech
- BMO Becomes First Canadian Issuer to Deploy Mastercard Embedded Commercial PaymentsSteady0.9Steady0.9 momentum
- How Mastercard, Stripe, Visa and Coinbase’s New Stablecoin Is Changing the Industry’s EconomicsSteady0.9Steady0.9 momentum
- Circle and Volante partner to help banks integrate stablecoins into payment operationsSteady0.7Steady0.7 momentum
- Visa and Mastercard handle nearly half of Europe's card payments. The digital euro aims to change thatSurging4.7Surging4.7 momentum
- Stripe to Acquire Parafin, the Embedded Lender Behind Toast and DoorDashClimbing3.3Climbing3.3 momentum
- Fiserv Digital Asset Platform Goes Live With Bank of North Dakota StablecoinClimbing3.3Climbing3.3 momentum