STOCK TITAN

U.S. Bank introduces Spend Management for business owners

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags

U.S. Bank has launched a new Spend Management platform for business credit card holders, offering an all-in-one solution to monitor, track, and control card-based spending. The platform integrates directly into existing credit card services, eliminating the need for multiple tools or additional applications.

Key features include:

  • Robust card controls and spending limits management
  • Real-time analytics and custom reports
  • Integrated accounting and automatic receipt matching
  • One-click card activation/deactivation
  • Employee card assignment capabilities
  • Customizable spending controls by category

The platform is currently available to all U.S. Bank business credit cardholders, aiming to help businesses reduce costs, minimize manual work, and improve cash flow while maintaining existing card rewards and benefits.

U.S. Bank ha lanciato una nuova piattaforma di gestione delle spese per i titolari di carte di credito aziendali, offrendo una soluzione tutto-in-uno per monitorare, tracciare e controllare le spese effettuate con la carta. La piattaforma si integra direttamente con i servizi di carta di credito esistenti, eliminando la necessità di strumenti multipli o applicazioni aggiuntive.

Le caratteristiche principali includono:

  • Controlli robusti delle carte e gestione dei limiti di spesa
  • Analisi in tempo reale e report personalizzati
  • Contabilità integrata e abbinamento automatico delle ricevute
  • Attivazione/disattivazione della carta con un clic
  • Capacità di assegnazione delle carte ai dipendenti
  • Controlli di spesa personalizzabili per categoria

La piattaforma è attualmente disponibile per tutti i titolari di carte di credito aziendali di U.S. Bank, con l'obiettivo di aiutare le imprese a ridurre i costi, minimizzare il lavoro manuale e migliorare il flusso di cassa, mantenendo i premi e i benefici delle carte esistenti.

U.S. Bank ha lanzado una nueva plataforma de gestión de gastos para titulares de tarjetas de crédito empresariales, ofreciendo una solución todo-en-uno para monitorear, rastrear y controlar el gasto con tarjeta. La plataforma se integra directamente con los servicios de tarjeta de crédito existentes, eliminando la necesidad de múltiples herramientas o aplicaciones adicionales.

Las características clave incluyen:

  • Controles robustos de tarjetas y gestión de límites de gasto
  • Análisis en tiempo real e informes personalizados
  • Contabilidad integrada y coincidencia automática de recibos
  • Activación/desactivación de la tarjeta con un clic
  • Capacidades de asignación de tarjetas a empleados
  • Controles de gasto personalizables por categoría

La plataforma está actualmente disponible para todos los titulares de tarjetas de crédito empresariales de U.S. Bank, con el objetivo de ayudar a las empresas a reducir costos, minimizar el trabajo manual y mejorar el flujo de efectivo, manteniendo las recompensas y beneficios existentes de las tarjetas.

U.S. Bank는 비즈니스 신용 카드 소지자를 위한 새로운 지출 관리 플랫폼을 출시하여 카드 기반 지출을 모니터링하고 추적하며 제어할 수 있는 올인원 솔루션을 제공합니다. 이 플랫폼은 기존 신용 카드 서비스와 직접 통합되어 여러 도구나 추가 애플리케이션이 필요하지 않습니다.

주요 기능은 다음과 같습니다:

  • 강력한 카드 제어 및 지출 한도 관리
  • 실시간 분석 및 맞춤형 보고서
  • 통합 회계 및 자동 영수증 매칭
  • 원클릭 카드 활성화/비활성화
  • 직원 카드 할당 기능
  • 카테고리별 맞춤형 지출 제어

이 플랫폼은 현재 모든 U.S. Bank 비즈니스 신용 카드 소지자에게 제공되며, 기업이 비용을 절감하고 수작업을 최소화하며 현금 흐름을 개선하도록 돕는 것을 목표로 하며, 기존 카드 보상 및 혜택을 유지합니다.

U.S. Bank a lancé une nouvelle plateforme de gestion des dépenses pour les détenteurs de cartes de crédit professionnelles, offrant une solution tout-en-un pour surveiller, suivre et contrôler les dépenses par carte. La plateforme s'intègre directement aux services de carte de crédit existants, éliminant ainsi la nécessité de plusieurs outils ou applications supplémentaires.

Les principales caractéristiques incluent:

  • Contrôles robustes des cartes et gestion des limites de dépenses
  • Analyses en temps réel et rapports personnalisés
  • Comptabilité intégrée et correspondance automatique des reçus
  • Activation/Désactivation de la carte en un clic
  • Capacités d'attribution de cartes aux employés
  • Contrôles de dépenses personnalisables par catégorie

La plateforme est actuellement disponible pour tous les détenteurs de cartes de crédit professionnelles de U.S. Bank, visant à aider les entreprises à réduire les coûts, minimiser le travail manuel et améliorer la trésorerie tout en maintenant les récompenses et avantages des cartes existantes.

U.S. Bank hat eine neue Ausgabenmanagement-Plattform für Geschäftscreditkarteninhaber eingeführt, die eine All-in-One-Lösung bietet, um kartengestützte Ausgaben zu überwachen, zu verfolgen und zu kontrollieren. Die Plattform integriert sich direkt in bestehende Kreditkartenservices und beseitigt die Notwendigkeit für mehrere Werkzeuge oder zusätzliche Anwendungen.

Zu den Hauptfunktionen gehören:

  • Robuste Kartenkontrollen und Verwaltung von Ausgabenlimits
  • Echtzeitanalysen und benutzerdefinierte Berichte
  • Integrierte Buchhaltung und automatisches Abgleichen von Belegen
  • Aktivierung/Deaktivierung der Karte mit einem Klick
  • Mitarbeiterkarten-Zuweisungsfunktionen
  • Anpassbare Ausgabensteuerungen nach Kategorie

Die Plattform ist derzeit für alle Geschäftscreditkarteninhaber von U.S. Bank verfügbar und zielt darauf ab, Unternehmen zu helfen, Kosten zu senken, manuelle Arbeiten zu minimieren und den Cashflow zu verbessern, während bestehende Kartenprämien und -vorteile erhalten bleiben.

Positive
  • Integration with existing credit card services requires no additional setup or applications
  • Platform helps reduce operational costs and manual work
  • Maintains existing credit card rewards while adding expense management features
  • Provides real-time visibility into spending patterns for better cash flow management
Negative
  • availability - only accessible to U.S. Bank business credit cardholders

Digital platform brings together robust credit card controls, integrated accounting and intuitive receipt capture

MINNEAPOLIS--(BUSINESS WIRE)-- U.S. Bank today announced a new Spend Management platform to help businesses monitor, track, and control their card-based spending. A leader in business banking and payments, U.S. Bank is introducing the all-in-one spend management platform across its full portfolio of business banking credit cards to give business owners an alternative to using multiple tools.

Spend Management helps business owners drive down costs, reduce manual work, and save time through the use of robust card controls, integrated accounting, intuitive receipt capture, and more – all within a single, easy-to-use dashboard.

Spend Management helps business owners drive down costs, reduce manual work, and save time through the use of robust card controls, integrated accounting, intuitive receipt capture, and more – all within a single, easy-to-use dashboard.

Spend Management helps business owners drive down costs, reduce manual work, and save time through the use of robust card controls, integrated accounting, intuitive receipt capture, and more – all within a single, easy-to-use dashboard.

“This innovative spend management solution is built directly into our existing credit card experience to give our cardholders an effortless way to manage their business expenses without additional applications or setup,” said Courtney Kelso, head of U.S. Bank Payments: Consumer and Small Business. “It’s an additive capability on our credit cards that provides our cardholders with the convenience of monitoring, controlling and tracking business spending – while continuing to enjoy the great rewards and benefits already associated with their business credit cards. With Spend Management, those same cards are an even more enriching tool for operating a business.”

U.S. Bank Spend Management gives owners more control over their employees’ card spending, empowering them to easily manage card permissions and integrate their expense policies before employee spending happens. With the platform, business owners can:

  • Monitor spending and set spending controls for card use. For example, a business could limit employees to purchase only fuel at a gas station.
  • Turn employees’ credit cards on and off with one click.
  • Assign cards to specific employees, job sites, or departments.
  • Control and adjust spend limit requests for cards on the fly.
  • Upload receipts to match transactions automatically.
  • See a 360 view of all of their business spending, with real-time analytics and custom reports.
  • Organize and export all spending to their accounting platform of choice.
  • Improve their cash flow while simultaneously earning high value rewards from their U.S. Bank credit card.

“U.S. Bank Spend Management is a game changer for managing business expenses,” said Shruti Patel, chief product officer for business banking at U.S. Bank. “Within a single user-friendly interface, business owners can take control of their card spend and access continuous tracking with real-time visibility into spending habits and patterns, enabling them to monitor their cash flow and adjust their budgets accordingly. Spend Management helps business owners work smarter, not harder, with many time-saving functions, leaving them with more time to focus on their business. This capability is the perfect enhancement to our exceptional family of business credit cards.”

Spend Management is part of U.S. Bank’s comprehensive suite of solutions across banking and payments. The platform is currently available for customers who have a U.S. Bank business credit card. New and existing cardholders can explore Spend Management by visiting usbank.com/spendmanagement.

Learn more about the U.S. Bank suite of integrated banking and payments solutions at usbank.com/business-banking.

About U.S. Bank

U.S. Bancorp, with more than 70,000 employees and $678 billion in assets as of December 31, 2024, is the parent company of U.S. Bank National Association. Headquartered in Minneapolis, the company serves millions of customers locally, nationally and globally through a diversified mix of businesses including consumer banking, business banking, commercial banking, institutional banking, payments and wealth management. U.S. Bancorp has been recognized for its approach to digital innovation, community partnerships and customer service, including being named one of the 2024 World’s Most Ethical Companies and one of Fortune’s most admired superregional banks. To learn more, please visit the U.S. Bancorp website at usbank.com and click on “About Us.”

DISCLOSURES

Equal Housing Lender

Loans and lines of credit are offered by U.S. Bank National Association. Deposit products are offered by U.S. Bank National Association. Member FDIC.

U.S. Bank may change APRs, fees and other account terms in the future based on your experience with U.S. Bank National Association and its affiliates as provided under the Cardmember Agreement and applicable law.

Tessa Bajema, U.S. Bank Public Affairs and Communications

tessa.bajema@usbank.com



Rick Rothacker, U.S. Bank Public Affairs and Communications

richard.rothacker@usbank.com

Source: U.S. Bancorp

FAQ

What features does U.S. Bank's new Spend Management platform offer for business credit cards?

The platform offers card controls, integrated accounting, receipt capture, real-time analytics, custom reports, and employee card management - all in a single dashboard.

How does USB's Spend Management platform help control employee spending?

It allows business owners to set spending limits, turn cards on/off instantly, assign cards to specific employees or departments, and implement expense policies before purchases occur.

Can U.S. Bank Spend Management integrate with existing accounting systems?

Yes, the platform allows users to organize and export all spending data to their preferred accounting platform.

Who is eligible to use U.S. Bank's new Spend Management platform?

The platform is available to all current and new U.S. Bank business credit cardholders.
Us Bancorp

NYSE:USB

USB Rankings

USB Latest News

USB Stock Data

59.52B
1.56B
0.12%
82.29%
1.61%
Banks - Regional
National Commercial Banks
Link
United States
MINNEAPOLIS