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Elavon Secures Multi-Year Extension for Bank of the West Marketing Alliance

ATLANTA--(BUSINESS WIRE)--May 14, 2008--Elavon, formerly NOVA Information Systems, has extended its marketing alliance agreement with California-based Bank of the West for its merchant referral business. Bank of the West markets Elavon's merchant processing services to business customers throughout its 19-state banking network of more than 700 commercial office and retail branch locations. The agreement extends a relationship between Elavon and Bank of the West's merchant services division that dates back to 1993.

"We've been pleased with Elavon's strong performance in delivering robust payment processing capabilities, which translates into the best possible service for our customers," said Gina Wolley, executive vice president and head of retail banking administration at Bank of the West. "Their dedication to Bank of the West is aligned with our commitment to provide service-oriented, long-term value to our customers."

Stuart Harvey, chief executive officer of Elavon, said his company appreciates the relationship it has had with Bank of the West for 15 years. "Bank of the West has been an exceptional partner throughout the years," Harvey said. "Their commitment to providing innovative products and exceptional value to their customers has resulted in strong portfolio performance. We look forward to continuing our relationship with them."

Founded in 1874 and headquartered in San Francisco, $62 billion-asset Bank of the West is the fourth-largest commercial bank based in the western United States. Bank of the West offers a full range of business, trust, international and personal banking services. The bank currently operates more than 700 commercial and retail banking locations in 19 western and midwestern states. Visit them online at www.bankofthewest.com.

Elavon's Global Acquiring Solutions organization is a part of U.S. Bancorp (NYSE:USB). Elavon provides end-to-end payment processing services to more than one million merchants in the United States, Europe, Canada and Puerto Rico. Solutions include credit and debit card processing, electronic check services, gift cards, dynamic currency conversion, multi-currency support, and cross-border acquiring. Elavon's services are marketed through multiple alliance partner channels including financial institutions, trade associations and ISOs. Elavon has solutions to meet the needs of merchants in specialized markets including small business, retail, hospitality/T&E, health care, education and the public sector. Elavon represents the former brands of NOVA Information Systems and its affiliates FHMS and euroConex. For more information visit www.elavon.com.

CONTACT: Elavon Media Relations
Holly Lytle, 404-606-0129
or
Teri Charest, 612-303-0732

SOURCE: Elavon
"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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