US Bank has expanded Access Online Mobile to include more features of Access Online Payment Plus, the bank’s electronic payment management system. Users can now request virtual card accounts and have them delivered to their mobile devices to make payments.
Access Online Mobile gives users anytime access to information about their commercial cards and US Bank says that the new functionality makes the app “an ideal payment solution when card issuance is not possible or practical; for example, with infrequent business travellers, field technicians, property managers and others who make occasional purchases.
“Users can request and receive a virtual account number through their smartphone quickly and easily, no matter where they are. The account can be limited to one-time use for a capped amount to ensure complete spend control.”
The enhancements strengthened the bank’s commitment to corporate clients seeking faster and more secure payments, said Nicole Tackett, head of emerging markets and strategy for US Bank Corporate Payment Systems. “We are dedicated to providing high-value functionality through real-time, intuitive solutions that help our customers manage and grow their businesses.”
The Access Online Mobile App is available from the App Store on iPhone, iPad and iPod touch and Google Play.
Apps are a critical part of treasury's shift into mobile banking as 67% of treasury and corporate finance professionals said mobile banking services are of particular interest to them in a recent survey.
Using data for predictive analytics is the future of banking success, argued Jean-Laurent Bonnafé, CEO of BNP Paribas, in his session on how the bank is reinventing its approach to innovate with and for corporates.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
The top five sectors Asian fintech investors are interested in are data analytics, blockchain, lending, payments and regtech, according to Gary Hwa, EY regional managing partner.