U.S. Bank Adds Geolocation Technology to Select Credit Cards
To help reduce false credit card declines while traveling, U.S. Bank is enabling geolocation features for select credit cards.
This is an opt-in service where users can allow the locations of their smartphones to be detected through their financial institution’s mobile app. If users travel outside of their usual shopping area, this location verification will help banks approve credit card transactions that would otherwise look suspicious.
There are different ways to access this feature if you have a U.S. Bank credit card. If you have a U.S. Bank FlexPerks Visa Credit Card, you can select this option in your FlexPerks mobile app. If you are using co-branded credit cards from U.S. Bank, you will need to select this option through the app that corresponds to your branded card. The financial institution says the feature will be available on the main U.S. Bank mobile app in the future.
The technology was originally developed by Visa last year, and at the time, Visa said it could reduce unnecessary card declines by up to 30%. This will make it easier for travelers to conduct business without the headache of having their cards denied at the register.