WASHINGTON--(BUSINESS WIRE)--June 7, 2007--U.S. Bank Government
Services announced today that it is one of four issuers selected to
participate in the General Services Administration (GSA) SmartPay(R) 2
program for commercial charge cards and related payment services.
U.S. Bank will offer travel, purchasing, fleet, and integrated
payment products, as well as technologies such as the industry leading
Access Online program management tool and PowerTrack, an electronic
invoice payment and presentment tool used by the Department of Defense
and other government agencies.
"We are pleased to be one of the few issuers selected to
participate," said Robert T. Abele, president of U.S. Bank Corporate
Payment Systems, the division in charge of payment programs. "This
will be the beginning of our third decade providing payment solutions
to government. We are committed to excelling in this market."
U.S. Bank is the single most experienced payment provider to
federal government. It has served federal agencies since the inception
of the purchase card program in 1986. It was the sole provider of
purchase cards during the International Merchant Purchase
Authorization Card (I.M.P.A.C.) program from 1988 to 1998, and is one
of several providers participating in the first GSA SmartPay program,
which ends in 2008.
"This long history of partnership has been very beneficial to both
parties. It is a great honor to be trusted by our nation's government.
We take the responsibility seriously and will continue to provide high
quality products and services with the integrity and efficiency that
the government has come to expect from us," said Abele.
After that date, each individual government agency will entertain
proposals from the four selected issuers, choosing the issuer that
best meets their needs. The exact date of the kickoff conference has
not been scheduled. It will be held sometime in July.
U.S. Bancorp (NYSE:USB), with $221 billion in assets, is the
parent company of U.S. Bank, the 6th largest commercial bank in the
United States. The company operates 2,498 banking offices and 4,837
ATMs, and provides a comprehensive line of banking, brokerage,
insurance, investment, mortgage, trust and payment services products
to consumers, businesses and institutions. Visit U.S. Bancorp on the
web at www.usbank.com.
CONTACT: U.S. Bank Media Relations
Teri Charest, 612-303-0732
SOURCE: U.S. Bank