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U.S. Bank Launches New Service Giving Organizations More Control over Disbursement of Funds

MINNEAPOLIS, Dec 15, 2010 (BUSINESS WIRE) --

U.S. Bank is launching its new E-Disbursement Service, which provides an efficient, flexible method for businesses, higher education institutions and governmental agencies to disburse funds to large numbers of individuals or organizations.

U.S. Bank's E-Disbursement Service offers several options that organizations can choose from to make their disbursements, including depositing funds to the recipient's bank account, to a prepaid debit card or via a paper check. Organizations can choose which methods they wish to offer to their recipients, and it also allows recipients to self-select their preferred disbursement methods.

It can be used to disburse a wide range of payments, including financial aid disbursements, government program benefits and refunds to individuals or organizations.

"With U.S. Bank's E-Disbursement Service, organizations can take advantage of a more flexible way to disburse funds than ever before," said Mary Burchette, senior vice president of product management for U.S. Bank's treasury management group. "What makes it different than other disbursement products is the fact that organizations using E-Disbursement Service can now have a simple, painless way to let their recipients choose the type of payments that are best for them -- whether that may be directly deposited into a checking account, loaded onto a prepaid debit card, or with a paper check."

For more information about U.S. Bank E-Disbursement Service, visit usbank.com/edisburse or call 877-213-4441.

U.S. Bancorp (NYSE: USB), with $291 billion in assets as of Sept. 30, 2010, is the parent company of U.S. Bank, the fifth largest commercial bank in the United States. The company operates 3,013 banking offices in 24 states and 5,323 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 Media Relations
Jennifer Wendt, 612-303-0731
jennifer.wendt@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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