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U.S. Bank Selected to Provide Purchasing Cards to U.S. Air Force and Defense Agencies
WASHINGTON & MINNEAPOLIS, Apr 07, 2008 (BUSINESS WIRE) -- The United States Air Force (USAF) and Defense Agencies (DA) have selected U.S. Bank, lead bank of U.S. Bancorp (NYSE: USB), to provide purchasing cards under the GSA SmartPay2 Program, which takes effect November 30, 2008. The USAF and DA combined consist of 27 agencies with an estimated annual charge volume of $2.2 billion.

"We are extremely pleased and proud to retain these important agencies as U.S. Bank clients," said Doug Ichiuji, senior vice president and head of U.S. Bank Government Card Services. "We look forward to continuing to build on our partnership and the successes achieved over the years."

Earlier this year, U.S. Bank earned the purchasing card business for the Department of Transportation. Under the GSA SmartPay2 master contract, government agencies issue task order awards to qualified GSA SmartPay2 issuers. U.S. Bank has served federal agencies since the inception of the purchase card program in 1986, making it the most experienced payment provider to the federal government.

U.S. Bank offers Visa and MasterCard branded travel, purchase, fleet and integrated payment products, as well as our proprietary Voyager Fleet card solution. Technology solutions, such as the award-winning Access Online program management and reporting system, and PowerTrack, an electronic invoice presentment and payment tool, have been developed in partnership with our Government and commercial customers to ensure optimal customer usage and satisfaction.

U.S. Bancorp, with $238 billion in assets, is the parent company of U.S. Bank, the 6th largest commercial bank in the United States. The company operates 2,518 banking offices and 4,867 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.


U.S. Bank
Teri Charest, Media Relations, 612-303-0732

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding U.S. Bancorp's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.

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