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U.S. Bank Multi Service Aviation Card Takes Flight in Australia

OVERLAND PARK, Kan., Apr 14, 2010 (BUSINESS WIRE) --U.S. Bank Multi Service Aviation has begun issuing its award-winning Multi Service Aviation Card to companies that use private aircraft and the pilots that fly them in Australia. The aviation fuel card, used to pay for fuel, maintenance and other aviation services, is accepted by 7,500 aviation service providers in more than 190 countries. In Australia, the cards will be issued through Elavon Financial Services Limited, part of U.S. Bancorp, parent company of U.S. Bank Multi Service Aviation.

With the addition of Australia, Multi Service Aviation now issues cards in 33 countries, with plans to expand to additional countries later this year. The Australian sales efforts will be managed out of South Africa by Martin Hankins, president, MH Aviation Services, Multi Service Aviation's regional representative.

"The Multi Service Aviation network helps pilots and companies around the world pay for aviation-related services, including fuel, flight planning, aircraft handling, trip support, weather tracking, catering and more," said Hankins. "Issuing the Multi Service Aviation Card to companies in Australia greatly expands the scope of our business and brings convenience to a new group of clients in this part of the world."

Lauded as the best aviation fuel card in the industry by Professional Pilot in its 2009 Preferences Regarding Aviation Services and Equipment (PRASE) awards, the Multi Service Aviation card provides its users with customized billing, free online account maintenance and savings on fuel. In addition, the Multi Service Aviation Card delivers value to merchants through account flexibility, free business promotion, competitive card processing, and fast transaction authorization and settlement.

U.S. Bank Multi Service Aviation is a division of U.S. Bank Corporate Payment Systems, and has served the aviation industry with financial integrity, security, and unsurpassed customer service for more than 25 years. Multi Service Aviation provides cardholders with customized billing, free online account maintenance and savings on fuel. Visit www.multiserviceaviation.com to learn more.

Elavon Financial Services Limited is a credit institution licensed by the Irish Financial Services Regulatory Authority. Its activities focus principally on the provision of card transaction services to financial institutions and merchants, as well as corporate payment systems to merchants, multinational corporations and governments with complex payment processing needs. Merchants represent retail, hotel, restaurant, entertainment, fuel, call center, internet and government sectors. U.S. Bank Corporate Payment Systems provides a range of products from commercial aviation fueling cards to freight payments and supply chain management solutions. Elavon Financial Services Limited is a key enabler of the company's global growth strategy and in particular Multi Service Aviation's plan to continue expanding its card issuance network to more countries.

U.S. Bancorp (NYSE: USB), with $281 billion in assets as of Dec. 31, 2009, is the parent company of U.S. Bank, the fifth largest commercial bank in the United States. The company operates 3,025 banking offices in 24 states and 5,148 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.

SOURCE: U.S. Bank

U.S. Bank
Teri Charest, Media Relations, 1-612-303-0732
teri.charest@usbank.com
"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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