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U.S. Bank Lands Contract to Provide Card Services to Amtrak

WASHINGTON & MINNEAPOLIS, May 05, 2011 (BUSINESS WIRE) --

U.S. Bank has been awarded a contract by Amtrak to provide the national passenger rail service with purchasing and travel card services under the GSA SmartPay(R) 2 program.

"We are excited to begin this new partnership with Amtrak," said Doug Ichiuji, senior vice president and head of government services for U.S. Bank Corporate Payment Systems. "We have a long history of success in public sector card programs, and we look forward to working with Amtrak to build best-in-class programs."

The contract is the first awarded under the GSA SmartPay 2 program since the 2008 government-wide re-competition. In that re-competition, U.S. Bank increased its market share to roughly 70 percent of the federal government's purchasing card program.

"We're delighted to have the opportunity to bring U.S. Bank's strength, experience, and commitment to service to Amtrak's card programs," said Andrew Gillen, director of federal business development for U.S. Bank Corporate Payment Systems. "We're particularly happy to receive the first new SmartPay 2 award since 2008."

U.S. Bank has served federal agencies since the inception of the government's original purchase card program in 1986, making it the most experienced purchasing card provider to the Federal government. It was the sole provider of purchase cards for the International Merchant Purchase Authorization Card (I.M.P.A.C.) program from 1988 to 1998, the leading participant in the multi-bank GSA SmartPay 1 program from 1998 to 2008, and is the leading provider in the current GSA SmartPay 2 program.

U.S. Bank offers travel, purchasing, fleet, freight, and integrated payment solutions, as well as industry-leading technologies such as the U.S. Bank Access(R) Online program management tool.

U.S. Bancorp (NYSE: USB), with $311 billion in assets as of March 31, 2011, is the parent company of U.S. Bank, the fifth largest commercial bank in the United States. The company operates 3,082 banking offices and 5,238 ATMs in 25 states and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products. 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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