MINNEAPOLIS--(BUSINESS WIRE)--Feb. 4, 2014--
A new agreement between U.S. Bank and WSCA-NASPO, the cooperative
purchasing arm of the National Association of State Procurement
Officials, offers states, cities and public educational entities across
the United States streamlined access to more U.S. Bank commercial card
programs at preferred prices. The contract extends the bank’s current
partnership with WSCA-NASPO for up to seven more years and expands it to
include U.S. Bank Fleet Card in addition to the Purchasing, Travel and
One Card options available under the previous contract.
“U.S. Bank has consistently demonstrated an ability to provide
outstanding service to our members,” said WSCA-NASPO Chief Executive
Officer Douglas Richins. “Through a competitive procurement process,
they have earned the right to expand their offering to include Fleet
Card as well as Purchasing, Travel and One Card for the new contract. We
are confident they will continue to provide our members with world-class
programs that drive efficiencies and help them to properly manage their
Using card programs for procurement, travel and fueling helps public
agencies better manage their purchasing processes. They can issue one
payment per month to cover all purchases on each card type, instead of
processing multiple purchase orders and payments. Transactions can be
monitored online almost immediately, rather than waiting for
end-of-month invoices. Using U.S. Bank’s Voyager network, fuel purchases
can be controlled through state-of-the-art fleet card technology.
Suppliers, too, benefit from card-based purchasing by receiving immediate
payment. With more traditional transaction methods, public agencies
typically make a payment 30 days after a purchase.
“We are pleased to have earned this opportunity to renew and expand our
offerings to public- sector entities through WSCA-NASPO,” said Richard
Raffetto, head of Public Sector and Financial Institutions for U.S.
Bank's Wholesale Banking Division. “We are eager to put our payment
expertise to work helping public-sector organizations and educational
institutions operate more efficiently and improve stewardship of their
To learn more, call 866-274-5898 or email firstname.lastname@example.org.
About U.S. Bank
U.S. Bancorp (NYSE: USB), with $364 billion
in assets as of Dec. 31, 2013, is the parent company of U.S. Bank, the
5th largest commercial bank in the United States. The company operates
3,081 banking offices in 25 states and 4,906 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.
WSCA-NASPO is a national purchasing
cooperative that leverages the collective demand of public and
educational entities to procure goods and services. It follows a “lead
state” operating model, in which one state in collaboration with other
states negotiates and manages a contract through which other entities
get access to exclusive products and pricing. The state of California
administered the 2006 contract with U.S. Bank, which covered purchasing
cards and one cards (cards used for travel as well as purchasing goods
and services). The state of Washington is administering the 2013
contracts, which adds the fleet fueling cards option.
Source: U.S. Bank
Nicole Garrison-Sprenger, U.S. Bank