U.S. Bancorp in Minneapolis is rebranding its payment cards for small businesses under the name "U.S. Bank Business Edge."
The company chose the new name to underscore "the many ways we're working to give small businesses an advantage," Cathi Stanton, senior vice president of U.S. Bank Retail Payment Solutions, says in an April 1 press release.
U.S. Bancorp also announced that it is adding a new credit card to its small business products line. The U.S. Bank Business Edge Select Rewards card provides three rewards points per dollar on purchases in one of three categories (day-to-day, automotive, or travel and entertainment expenses) along with one point for each dollar spent on other purchases. The day-to-day category includes purchases "such as shipping, advertising, utilities, office supplies, professional services and more," Stanton says in the release.
The $364 billion-asset U.S. Bancorp announced in March that it has begun offering electronic payment kiosks to businesses seeking to reduce customer wait times.