U.S. Bank Expands Subscription Management for Credit Cardholders

U.S. Bank [NYSE: USB] credit cardholders can now view and manage their digital subscriptions directly within the U.S. Bank Mobile App and online banking, as part of a new solution created in partnership with Mastercard [NYSE: MA].

From streaming services to meal deliveries, subscriptions have become embedded in everyday life, yet managing them can be a challenge. In a recent Mastercard survey, 72% of U.S. consumers expressed a desire to view and manage all their subscriptions within their banking app¹.

“We are constantly looking at new ways to add transparency and convenience to our cardholder experience,” said Chris Roncari, head of product and experience for consumer and small business payments at U.S. Bank. “With digital subscription management and access to digital receipts powered by Mastercard, we’re helping cardholders not only simplify the many subscriptions in their life but have greater control and insight into their spending.”

Recent data shows Americans have more than eight subscriptions and about one-third have more than 10 subscriptions¹. This new complimentary benefit makes it easier for U.S. Bank cardholders to avoid paying for unwanted or unused services while gaining greater control over their digital spending. Powered by Ethoca, a Mastercard company, this technology also enables cardholders to access digital itemized receipts for transactions from hundreds of participating merchants.

“As consumers demand smarter and more personal experiences, we’re excited to reveal how we are making it easier to view and manage subscriptions,” said Gaurav Mittal, executive vice president, Ethoca at Mastercard. “Together, with U.S. Bank, this next-generation technology puts the consumer at the heart of every transaction, enabling businesses to boost cardholder retention, while also driving growth in the subscription economy.”

To learn more about consumer credit cards at U.S. Bank, visit usbank.com/credit cards.html.