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Enterprise Billpay from Elavon Provides a Single-Source for Bill Payment and Merchant Services

ATLANTA, Nov 09, 2010 (BUSINESS WIRE) --

Elavon, a leading global payments provider and wholly-owned subsidiary of U.S. Bancorp (NYSE: USB) today announced the release of its Enterprise Billing Solution (EBS) that delivers an efficient, end-to-end solution to businesses seeking a single source provider for both electronic bill presentment and payment (EBPP) and merchant card processing services.

With Elavon's biller direct Enterprise Billing Solution, businesses can increase consumer receivables, decrease costs, and benefit from the flexibility to accept credit, debit and ACH payments. The solution also extends the ability to manage the rules of payment acceptance, such as convenience and service fee scenarios, control the brand, manage data quality and provide an environmentally-friendly payments process for their customers. And because it's from Elavon, businesses have one source for acceptance, processing, funding and service, eliminating the complexities of dealing with separate merchant processing and bill payment providers.

"We strive to deliver advanced processing and reporting solutions that deliver enterprise-wide efficiencies and improved service to our customers," said Mike Passilla, president & CEO of Elavon. "In today's marketplace, it is essential to consider how control of payment solutions lower the total cost of card acceptance and markedly enhance our customers' bottom lines."

Carl Sampson, Director of Systems with the City of Los Angeles agrees. "Elavon's Enterprise Billing Solution has greatly reduced the transactional costs associated with providing credit card payment options to taxpayers. The volume of paper invoices has been reduced, and the reconciliation process for payments has been simplified," he said. "And, because we now support online billing, customer satisfaction levels have increased."

EBS from Elavon provides a next-generation, enterprise capable Electronic Bill Payment and Presentment solution that reduces the need for billers to maintain multiple relationships to handle card acceptance and bill payments, while greatly simplifying reconciliation. The solution is protected within a PCI-, SAS70- and HIPAA-compliant framework to meet a host of stringent data security standards, and supports multiple forms of customer payment methods, including credit, PIN-less debit and ACH.

About Elavon (www.elavon.com): Elavon's Global Acquiring Solutions organization is a part of U.S. Bancorp (NYSE: USB) and provides end-to-end payment processing services to more than one million merchants in the United States, Europe, Canada, Mexico 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 markets products and solutions through multiple alliance partner channels including financial institutions, trade associations and ISOs and meet the needs of merchants in specialized markets including small business, retail, hospitality/T&E, health care, education and the public sector.

SOURCE: Elavon

Elavon Media Relations
Holly Lytle, +1-678-731-5236
holly.lytle@elavon.com
or
U.S. Bank Media Relations
Teri Charest, +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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