U.S. Bank (Minneapolis) announced that it is rolling out a new tool for its business customers designed to provide secure banking services via mobile devices.
The bank's offering, called Mobile SinglePoint, will allow businesses to connect to their account information wherever they are located. It is an extension of U.S. Bank SinglePoint, the web portal to the bank's suite of treasury management services, and SinglePoint Essentials, a basic suite of services for small businesses.
Mobile SinglePoint uses the same security standards and policies as SinglePoint and SinglePoint Essentials, the bank said. Communications are securely encrypted, and banking data and credentials are never stored on business customers' mobile devices.
Before this rollout, U.S. Bank had already piloted Mobile SinglePoint to a select group of customers this summer.