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