How they describe themselves: U.S. Bancorp, with 74,000 employees and $467 billion in assets as of December 31, 2018, is the parent company of U.S. Bank, the fifth largest commercial bank in the United States. The Minneapolis based bank blends its relationship teams, branches and ATM network with mobile and online tools that allow customers to bank how, when and where they prefer. U.S. Bank is committed to serving its millions of retail, business, wealth management, payment, commercial and corporate, and investment services customers across the country and around the world as a trusted financial partner, a commitment recognized by the Ethisphere Institute naming the bank a 2019 World’s Most Ethical Company.
How they describe their product/innovation: U.S. Bank is killing the paper expense report with the most advanced technology in the marketplace.
Companies will love this product since it provides a continuous view of travel expenses, including infrequent travelers who might not have a corporate card and those who travel for the company but are not employees, such as new hire candidates.
Business travelers love the product since it makes it easier than ever to coordinate travel and use their company’s payment account – even for those who do not have a corporate card. It ends the expense report as we know it with chatbot technology enhanced by artificial intelligence.
Product distribution strategy: Direct to Business (B2B)
Bus. Dev.: Bradley Matthews, SVP & Head of Middle Market Bankcard Product & Marketing, U.S. Bank, email@example.com, 703-628-9929
Press: Dana Stone, AVP External Communications, U.S. Bank, firstname.lastname@example.org, 720-778-6667