Tagged: us bank

September 10, 2026 @ 10:06 pm By Omar Faridi  |  

US Bank (NYSE: USB) has completed a live internal pilot that moved value between its North American and European operations using USBDC, a dollar-backed stablecoin issued by the bank itself. The transfer was an intra-group payment rather than a customer transaction, and it ran on… Read More

May 11, 2026 @ 11:48 am By Omar Faridi  |  

U.S. Bank (NYSE: USB) has entered an expanded partnership with Amazon Web Services (AWS) to shift hundreds of its essential banking systems onto the AWS platform. This multi-year effort targets key areas including payment processing, wealth management, and commercial banking operations. The bank is building… Read More

November 28, 2025 @ 4:36 pm By Omar Faridi  |  

U.S. Bank, PwC, and the Stellar Development Foundation (SDF) have recently unveiled a significant step forward in making programmable money bank-grade: U.S. Bank is testing custom stablecoin issuance on the Stellar network. This latest announcement was reportedly made on the recently U.S. Bank Money 20/20… Read More

September 6, 2025 @ 6:31 am By Tony Zerucha  |  

U.S. Bank this week unveiled U.S. Bank Payroll, an embedded solution that allows small business owners to manage their payroll as part of their online banking experience. Key features include auto tax compliance, flex pay and more. In a survey the bank conducted with 1,000 small… Read More

March 31, 2025 @ 6:35 am By Tony Zerucha  |  

Grazzy, a digital tipping platform, has joined with U.S. Bank to offer a prepaid debit card program for hourly employees to easily access tips. Employers enrolled with Grazzy’s digital tip service and the prepaid debit card program can issue employees a physical debit card and… Read More

August 24, 2024 @ 7:40 am By Omar Faridi  |  

U.S. Bank, lead bank of U.S. Bancorp (NYSE: USB), has acquired Salucro Healthcare Solutions LLC. The Tempe, Arizona-based company provides healthcare financial technology, focused on patient payments and billing. Founded in 2004, Salucro is a market participant focused on providing online billing and payments offerings… Read More

October 26, 2023 @ 10:13 pm By Omar Faridi  |  

Elavon Financial Services DAC, a wholly owned subsidiary of U.S. Bank, has been authorized as a licensed provider of financial services by the Bank of England. With Elavon having more than three decades of experience in global payments, and U.S. Bank a long history in… Read More

March 30, 2023 @ 10:58 pm By Omar Faridi  |  

Kyriba, a global firm focused on cloud-based finance solutions, and U.S. Bank announced that they are working together “to ease the process of enabling real-time payments for businesses.” With new API-powered payment connectors, clients of both U.S. Bank and Kyriba can now easily “send instant… Read More

October 5, 2021 @ 1:20 pm By JD Alois  |  

US Bank, one of the largest retail banks in the US, is now supporting cryptocurrency custody, according to a statement by the bank. Available via its Global Fund Services clients, the custody offering is designed to provide a safekeeping solution for Bitcoin with additional digital… Read More

April 28, 2021 @ 1:47 pm By JD Alois  |  

US Bank has announced that it will commence providing custody of digital assets. Last year, all banks received clarity from the Office of the Comptroller of the Currency when the regulator published a letter outlining the ability for chartered banks to handle cryptocurrency. At that… Read More

October 23, 2019 @ 8:02 am By Omar Faridi  |  

Minneapolis, Minnesota-based US Bancorp, an American bank holding company and the parent company of US Bank, is reportedly eliminating thousands of branch jobs. The reduction in the bank’s workforce comes as more customers are now banking online, instead of visiting physical locations. Several job categories… Read More

September 29, 2019 @ 3:17 pm By Omar Faridi  |  

Minnesota-based US Bank will be closing its downtown branch and one of its two physical branches in Tucson. US Bank’s management also said that three of the institution’s eight local branches (located in Safeway stores) would also be shut down. US Bank representative Evan Lapiska… Read More

March 10, 2016 @ 5:01 am By Erin Hobey  |  

Early Warning, a leading real-time payments, authentication and risk mitigation platform, announced that Bank of America is now processing real-time P2P transactions through Early Warning’s clearXchange network. Customers at both banks are now able to send eligible real-time P2P payments to customers at BoA or U.S…. Read More