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U.S. Bank AccelaPay Mobile Banking Named Best in Category for Virtual or Mobile Prepaid Application at 2011 Paybefore Awards

MINNEAPOLIS, Mar 22, 2011 (BUSINESS WIRE) --

The U.S. Bank AccelaPay mobile banking application has been honored as the "Best in Category for Virtual or Mobile Prepaid Application" at the 2011 Paybefore Awards. The Paybefore Awards recognize the best products and programs in the prepaid business. Paybefore, a leading publisher of information for the prepaid industry, organizes the annual awards, which are now in their fifth year.

"The honor of being recognized with a 'Best in Category' award from Paybefore demonstrates our leadership position as a mobile banking innovator," said Kevin Morrison, U.S. Bank Retail Payment Solutions senior vice president and prepaid business manager. "Our AccelaPay mobile banking service is the first prepaid mobile banking solution to offer bill pay capabilities. It gives our customers a full suite of account services they can conveniently access anywhere and anytime. In addition to the AccelaPay mobile application, U.S. Bank is continuing its record of innovation by enhancing and expanding this application for all of its prepaid products."

U.S. Bank was selected by a panel of five industry experts who served as judges for this year's competition. In January, judges chose three (sometimes four) winners in 17 different categories. These winners then vied for "best in category" distinction at an awards ceremony March 7.

"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.

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 www.usbank.com/accelapayvisa.

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

This is the fourth Paybefore award for U.S. Bank. Paybefore chose the U.S. Bank AccelaPay mobile banking application as a 2011 Paybefore Awards winner in January. 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 3,069 banking offices in 25 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. Bank

U.S. Bank Media Relations
Teri Charest, 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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