WASHINGTON & MINNEAPOLIS--(BUSINESS WIRE)--Dec. 12, 2007--The U.S.
Department of Transportation has selected U.S. Bank, lead bank of U.S.
Bancorp (NYSE:USB), to provide purchasing cards under the new General
Services Administration (GSA) SmartPay 2 contract. U.S. Bank is the
first issuer to be awarded a tailored task order from a federal agency
under GSA SmartPay 2, which was issued in June and takes effect
November 30, 2008.
The Department of Transportation has been a U.S. Bank client for
the past four years under the current GSA SmartPay contract. "We are
delighted to keep this important agency as a client," said Doug
Ichiuji, senior vice president and head of government services for
U.S. Bank Corporate Payment Systems. "Our partnership has been strong
and innovative. We hope that this is the first of many federal
government agencies to choose U.S. Bank."
Under the GSA SmartPay 2 contract, each government agency issues a
task order to solicit proposals from the four card issuers who
qualified for a contract under GSA SmartPay 2. U.S. Bank has served
federal agencies since the inception of the purchase card program in
1986, making it the single most experienced payment provider to the
federal government. 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 current GSA SmartPay program, which ends in 2008.
U.S. Bank offers 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.
U.S. Bancorp, with $228 billion in assets, is the parent company
of U.S. Bank, the 6th largest commercial bank in the United States.
The company operates 2,512 banking offices and 4,870 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
CONTACT: U.S. Bank
Teri Charest, Media Relations, 612-303-0732
SOURCE: U.S. Bank