Mastercard and U.S. Bank Launch First EMV Fleet Solution
PURCHASE, NY and MINNEAPOLIS. MN – Oct. 9, 2017 – Mastercard and U.S. Bank today announced that the U.S. Bank Voyager® Network is the first fleet card network to adopt the EMV M/Chip Fleet solution from Mastercard. Voyager Fleet card customers will soon benefit from the added speed and security of EMV and safeguard the use of future payments solutions including mobile wallet and connected car technology.
Building on a multi-year partnership, Mastercard and U.S. Bank are further enhancing security and convenience for fleet managers and drivers with a reliable, proprietary network with more than 320,000 retail and private fueling sites, truck stops and maintenance and service providers. The new enhancements also enable Voyager Fleet Card customers to capture more data from their card users with ten data capture fields that can be tailored to the unique requirements of employers.
“We know that fleet managers are constantly looking to strengthen overall performance, whether that is by improving security, capturing critical data or adding convenience for their drivers. With millions of fleet cards in circulation, the new EMV M/Chip Fleet solution and the U.S. Bank Voyager Network will reshape the future of fleet cards,” said Ed Glassman, EVP of North America Commercial Products at Mastercard.
“We are very pleased to reach an agreement with Mastercard to adopt their fleet-specific chip specification, which aligns with proprietary technology that we were developing,” said U.S. Bank Global Transportation Payments General Manager John Hardin. “Our top objective is to ensure our 320,000 merchant locations don’t face the additional investment and complication of implementing multiple chip specs. They can now support both Mastercard and Voyager Fleet cards with a single spec.”
The Mastercard and U.S. Bank enhanced EMV fleet technology will become available in North America in the summer of 2018.
Mastercard (NYSE: MA), www.mastercard.com, is a technology company in the global payments industry. We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. Mastercard products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MastercardNews, join the discussion on the Beyond the Transaction Blog and subscribe for the latest news on the Engagement Bureau.
About U.S. Bank
U.S. Bancorp (NYSE: USB), with $464 billion in assets as of June 30, 2017, is the parent company of U.S. Bank National Association, the fifth largest commercial bank in the United States. The company operates 3,088 banking offices in 25 states and 4,826 ATMs and provides a comprehensive line of banking, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com.
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