U.S. Bank has added Square to its digital wallet options available to customers via their iOS and Android smartphones. Customers can link their U.S. Bank credit, debit, and prepaid accounts to the Square application to make purchases from their smartphone.

"Commerce is changing," said Dominic Venturo, chief innovation officer for U.S. Bank Payment Services. "The proliferation of smartphones is altering the way consumers shop, compare products and make purchases. Our goal is to be where our customers are, and with the evolving marketplace, it's important for us to support a variety of state-of-the art payment solutions to give customers the flexibility that they have come to expect from U.S. Bank."

Square wallet can be used at merchant locations that sell with Square. Customers can discover nearby businesses using Square wallet, and pay at the point of sale with their mobile device by simply saying their name. Square's technology automatically manages the transaction from the customer's U.S. Bank payment account to the merchant. Transactions are completed without the cashier ever having the customer's account number and other sensitive data.

"We share a strong commitment with U.S. Bank to helping local businesses thrive," said Chuck Kimble, head of strategic partnerships with Square. "Square Wallet gives U.S. Bank customers an easy and engaging way to discover and pay at great businesses in their neighborhood, all from their phone."