Commerce Bank Recognized for Contactless Payment Capabilities

St. Louis, MO – Commerce Bank was recently honored at the Visa DPS (Debit Processing Systems) Users’ Conference 2019 for the Visa debit and reloadable prepaid cards’ contactless payment feature. The Visa DPS Client Achievement Awards recognize clients achieving the pinnacle of performance in critical areas that drive business growth and cardholder satisfaction.

Commerce Bank received recognition in four categories:

• Emerging Payment Adoption, which recognizes programs with the greatest percentage of tokenized transactions;
• Highest Portfolio Growth, which recognizes programs that achieve exceptional one-year growth;
• Highest Authorization Approval Rate, which recognizes programs that display a commitment to customer service through approval rates while managing risk; and
• Lowest Gross Fraud Rate, which recognizes programs that proactively work with DPS fraud tools to maintain low rates of fraudulent transactions.

Contactless technology allows users to easily and securely speed through the checkout process. By simply tapping the contactless card on the contactless-enabled checkout terminal, payments are fast and convenient to use. Consistently ranked among the top issuers of credit, debit and commercial cards, Commerce continues to invest considerably in the payments space to keep pace with evolving customer needs and expectations and to ensure long-term growth.

“As an early adopter of this technology and one of the first banks our size to offer it to cardholders, Commerce is very excited to provide another convenient payment solution – and thrilled to see that our customers have embraced Tap & Go,” Carl Bradbury, Director of Consumer Card Products for Commerce Bank said. “Commerce continues to outperform in the payment card market as we deliver offerings like the contactless technology that solve customer challenges, provide security and ensure long-term convenience for our customers.”

This is the second consecutive year Visa has honored Commerce Bank with client achievement awards.

To learn more about Commerce Bank’s Visa debit and reloadable prepaid cards, please visit https://www.commercebank.com/personal/bank/checking/debit-cards.

About Commerce Bank

With $25.0 billion in assets¹, Commerce Bancshares, Inc. (NASDAQ: CBSH) is a registered bank holding company offering a full line of banking services, including payment solutions, investment management and securities brokerage. Commerce Bank, a subsidiary of Commerce Bancshares, Inc., leverages more than 150 years of proven strength and experience to help individuals and businesses solve financial challenges. In addition to offering payment solutions across the U.S., the Company currently operates banking facilities in nine key markets including St. Louis, Kansas City, Springfield, Central Missouri, Central Illinois, Wichita, Tulsa, Oklahoma City and Denver. Commerce Bank also maintains commercial offices in Dallas, Houston, Cincinnati, Nashville, Des Moines, Indianapolis, and Grand Rapids. Commerce delivers high-touch service and sophisticated financial solutions at regional branches, commercial offices, ATMs, online, mobile and through a 24/7 customer service line. Learn more at www.commercebank.com.

1. As of March 31, 2019