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New U.S. Bank app offers immediate credit

Published 10/15/2011, Star Tribune / MCT

As banks and credit unions continue to push past online banking into mobile banking, Minneapolis-based U.S. Bank is testing what appears to be another first for banks: a mobile card app. In a trial run at outdoor retailer REI, tech-savvy shoppers can apply for instant credit on their iPhones, instead of filling out a form by hand.

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