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Elavon Promotes Wally Mlynarski to Lead Global Product and Innovation

Promotion speaks to company’s commitment to payment innovation and security

ATLANTA--(BUSINESS WIRE)--May 8, 2015-- Elavon, a leading global payments provider and subsidiary of U.S. Bancorp (NYSE:USB), announced the promotion of Wally Mlynarski to senior vice president of global product and innovation. He will be responsible for overseeing the company’s global, cross-functional product development teams and for driving the rollout of innovative and industry-leading initiatives, including mobile payment solutions, EMV migration and security solutions, to help customers grow their businesses. Mlynarski will report to Brian Mahony, Elavon’s chief strategy officer.

“Wally has been instrumental in driving Elavon’s efforts to bring some of our most sophisticated products and services to market that allow customers to engage consumers as they shop online, offline and via mobile devices,” said Simon Haslam, president and CEO of Elavon. “Wally’s new role speaks to his many talents as well as Elavon’s commitment to attract and develop the best talent in the industry.”

Prior to his new role, Mlynarski served as vice president of Elavon’s “The Grove” global innovation center, which launched in 2013 to harvest customer-centered innovation in payments and establish key partnerships with third party innovators. His responsibilities included leading product development, architecture, quality assurance and user experience teams to develop omni-channel products for businesses of all sizes in the U.S. and Europe.

Speaking on Mlynarski’s promotion, Brian Mahony, Elavon’s chief strategy officer said, “Our ability to help customers grow their businesses through innovative, secure technology will continue to grow under Wally’s leadership. We are well positioned to continue to drive the best innovation to market, and I look forward to Wally leading the way for our talented product and innovation team at Elavon.”

Mlynarski holds a bachelor’s of science degree in computer engineering from the Georgia Institute of Technology. He currently serves on the Metro Atlanta Chamber of Commerce Mobility Taskforce and is an active supporter of Georgia Tech and other universities in metro Atlanta where he resides with his wife and daughter.

About Elavon (www.elavon.com)
Elavon is an independent card payments specialist owned by U.S. Bank, the fifth-largest bank in the United States, and provides end-to-end payment processing solutions and services to more than 1.3 million customers in the United States, Europe, Canada, Mexico, Brazil and Puerto Rico. As the #1 provider for airlines and a top five provider for hospitality, healthcare, retail, and public sector/education, Elavon’s innovative payment solutions are designed to solve pain points for businesses from small to enterprise-sized.

Source: Elavon

Elavon
Dana Stone, 303-809-2199
dana.stone@elavon.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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