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U.S. Bank Offers Surcharge-Free Transactions at MoneyPass® ATMs for Kroger Prepaid Debit Cardholders

MINNEAPOLIS & CINCINNATI--(BUSINESS WIRE)--Jul. 23, 2012-- Kroger prepaid debit cardholders can now enjoy surcharge-free transactions at all ATMs that offer the MoneyPass Network, a network of over 23,000 ATM locations nationwide. Debit cardholders can conveniently access ATM locations where they live, work and travel and by using the MoneyPass ATM Locator App to find them more easily.

“Providing surcharge-free transactions at MoneyPass ATMs demonstrates our commitment to enhancing our Kroger partnership and bringing added value to our Kroger prepaid debit cardholders,” said Peter Klukken, senior vice president at U.S. Bank. “Customers save money on groceries and fuel at The Kroger Family of Stores and Fuel Centers with purchases made using the Kroger prepaid debit card, and they now can save even more money by using them at the surcharge-free MoneyPass ATMs.”

Surcharge-free MoneyPass ATM transactions are an extension of U.S. Bank’s extensive financial services relationship with The Kroger Co. (NYSE: KR), one of the world’s largest retailers. In 2010, U.S. Bank and Kroger formed a strategic alliance that offered Kroger customers and associates a suite of payment products and financial services, including reloadable prepaid debit products that offer rewards with every purchase and can be used to shop and pay bills online.

“Kroger is focused on providing money management solutions that enable our customers to make smart choices with their money,” said Kathleen Kelly, president of Kroger Personal Finance. “The MoneyPass Network together with the Kroger prepaid debit card will provide customers with access to over 23,000 ATMs surcharge free. We are delighted to be able to help customers save a little of their hard earned dollars.”

In addition to the payment products, U.S. Bank provides a number of retail, corporate banking, trust, capital markets and credit services for Kroger. U.S. Bank operates bank branches in 192 of the 2,500 stores Kroger operates under two dozen local banner names including Kroger, Ralphs, Fred Meyer, Fry’s, King Soopers, Smith’s, Dillons, QFC and City Market.

About Kroger Personal Finance
Kroger Personal Finance(R) (KPF) is a department of The Kroger Co. that offers customers simple and transparent money management solutions, from preferred providers. Our products include credit cards, gift and prepaid cards, and in-store money services such as check cashing, Coinstar(R) and Western Union(R). Information about KPF products and services is available in the nearly 2,500 stores Kroger operates under two dozen local banner names including Kroger, Ralphs, Fred Meyer, Fry's, King Soopers, Smith's, Dillons, QFC and City Market. For more information about Kroger Personal Finance, visit www.krogerpersonalfinance.com.

About Kroger
Kroger, one of the world’s largest retailers, employs more than 339,000 associates who serve customers in 2,425 supermarkets and multi-department stores in 31 states under two dozen local banner names including Kroger, City Market, Dillons, Jay C, Food 4 Less, Fred Meyer, Fry's, King Soopers, QFC, Ralphs and Smith's. The company also operates 789 convenience stores, 337 fine jewelry stores, 1,109 supermarket fuel centers and 38 food processing plants in the U.S. Recognized by Forbes as the most generous company in America, Kroger supports hunger relief, breast cancer awareness, the military and their families, and more than 30,000 schools and grassroots organizations in the communities it serves. Kroger contributes food and funds equal to 160 million meals a year through more than 80 Feeding America food bank partners. For more information please visit Kroger.com.

About MoneyPass
MoneyPass is a network of Elan Financial Services, one of the nation's leading providers of comprehensive ATM and debit card processing solutions for financial institutions, Independent Sales Organizations (ISOs), and retailers. MoneyPass provides surcharge-free access at more than 23,000 ATMs across the United States, allowing cardholders of participating financial institutions to access their money where they live, work and travel. With more than 1,400 participating financial institutions, more than 20 participating ISOs, and 60 million active cards, MoneyPass is a rapidly growing surcharge-free network whose emphasis is on cost-efficient membership options, flexible terms and accessible locations. MoneyPass cardholders can easily locate MoneyPass ATMs by visiting the online ATM locator at www.moneypass.com. For more information, call 1-800-343-7064 or visit www.moneypass.com.

About U.S. Bank
Minneapolis-based U.S. Bancorp (NYSE: USB), with $353 billion in assets as of June 30, 2012, is the parent company of U.S. Bank National Association, the fifth-largest commercial bank in the United States. The company operates 3,080 banking offices in 25 states and 5,085 ATMs and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. U.S. Bancorp and its employees are dedicated to improving the communities they serve, for which the company earned the 2011 Spirit of America Award, the highest honor bestowed on a company by United Way. 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
or
Kroger Media Relations
Keith Dailey, 513-762-1304
keith.dailey@kroger.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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