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U.S. Bank AccelaPay Mobile Banking Application Wins 2011 Paybefore Award


Paybefore has chosen the U.S. Bank AccelaPay mobile banking application as a 2011 Paybefore Awards winner in the Best Virtual or Mobile Prepaid Application category. The awards are presented annually by Prepaid Media, whose Paybefore publications are the leading source of industry information for the global prepaid community.

"We are honored to be chosen by Paybefore as a winner in this category," said Kevin Morrison, Retail Payment Solutions senior vice president and prepaid business manager. "U.S. Bank is proud to be a prepaid leader and innovator with our AccelaPay application, which is the first full-suite mobile banking solution with bill pay capabilities in the prepaid marketplace."

The U.S. Bank AccelaPay mobile banking application was selected by a panel of five industry experts who served as judges for this year's competition, which included a record number of entries from around the world.

"Paybefore Awards were created to celebrate the innovators in our industry who are using prepaid to transform payments with ever-more efficient and accessible products," said Loraine DeBonis, Paybefore editor-in-chief and chair of the judging panel. "Our industry is growing rapidly because of companies like U.S. Bank, FIS and Monitise Americas, who continually improve their products and services or create new ones. We are proud to recognize their contributions to advancing the prepaid industry."

The U.S. Bank AccelaPay(R) Visa is a reloadable prepaid card designed to replace costly paper checks for businesses with recurring cash disbursement activities, such as payroll, commissions, travel advances and insurance claim distributions. Cardholders can use the AccelaPay mobile banking application to check their balance, pay bills, receive account alerts and view mini-statements on-the-go. For details about U.S. Bank AccelaPay, visit usbank.com/accelapayvisa.

U.S. Bank is working in partnership with Monitise Americas, a leading global mobile banking provider for financial institutions, and FIS, a global payments technology provider, to use the most advanced financial management technology available to provide this service.

This is the third Paybefore award for U.S. Bank. In 2010, Paybefore selected the U.S. Bank ReliaCard(R) Visa(R) as the 'Best Government-Funded Program' and the U.S. Bank PayID Card, a multipurpose prepaid card that allows cardholders to access secure buildings, received an award in the Most Innovative Program category.

About Monitise Americas
Monitise Americas is a joint venture between FIS, one of the world's largest providers of banking and payments technology to financial institutions and businesses worldwide, and Monitise plc (LSE: MONI.L) a global leader in Mobile Money solutions. Monitise Americas provides mobile banking and payment services to North American financial institutions predicated on an "ecosystem" principle, which allows multiple mobile carriers and financial institutions to deliver services over a single platform. Current partners of Monitise Americas include FIS, NYCE, Everlink, Corporate Network eCom, and eCommLink. For more information on Monitise Americas and details of how to benefit from participating in its cross-America ecosystem, please visit www.monitisegroup.com/americas.

About FIS
FIS (NYSE: FIS) is one of the world's largest global providers dedicated to banking and payments technologies. With a long history deeply rooted in the financial services sector, FIS serves more than 14,000 institutions in over 100 countries. Headquartered in Jacksonville, Fla., FIS employs more than 30,000 people worldwide and holds leadership positions in payment processing and banking solutions, providing software, services and outsourcing of the technology that drives financial institutions. FIS is a member of Standard & Poor's 500(R) Index and consistently holds a leading ranking in the annual FinTech 100 list. For more information about FIS, visit www.fisglobal.com.

About Paybefore
Paybefore is the leading information provider to prepaid and stored value industry professionals, offering the latest news, commentary and analysis. Paybefore's family of industry publications include: Paybefore.com(TM), a searchable online news and information portal; Paybefore News(TM), daily news briefs delivered electronically; Paybefore News International(TM), a weekly compilation of prepaid news and events from outside the United States; Paybefore Update(TM), a downloadable e-newsletter delivered 20 times a year; Paybefore Legal(TM), a downloadable e-newsletter covering the legislative, regulatory and judicial developments in prepaid, as well as feature articles by leading attorneys in the field; Paybefore Magazine(TM), a biannual print publication featuring in-depth articles on the opportunities, challenges and trends in the global prepaid and stored value industry; and the only industry directory, Paybefore Buyer's Guide(TM), available online and in print. Visit us at www.paybefore.com.

About U.S. Bancorp
U.S. Bancorp (NYSE: USB), with $308 billion in assets as of Dec. 31, 2010, is the parent company of U.S. Bank, the fifth largest commercial bank in the United States. The company operates 3,031 banking offices in 24 states and 5,310 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. Bancorp

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