U.S. Bank Home   Customer Service   Contact Us   Locations   Careers   About U.S. Bancorp   
U.S. Bank



Related Links
Careers at U.S. Bancorp
Community Relations
Corporate Governance
IR Tool Kit
Print PagePrint Page
E-mail PageE-mail Page
RSS FeedsRSS Feeds
IR ContactsIR Contacts

Printer Friendly Version View printer-friendly version
<< Back
Jeff Jones Named President of U.S. Bank Corporate Payment Systems

Longtime U.S. Bank Treasury Management leader transitions to new role

MINNEAPOLIS--(BUSINESS WIRE)--Sep. 21, 2015-- Jeffrey W. Jones has been named president of U.S. Bank Corporate Payment Systems, succeeding Kurt Adams, who left the bank earlier this month. A 32-year U.S. Bank veteran, Jones has been head of its Global Treasury Management group since 2001. His appointment is effective today.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20150921005132/en/

Jeffrey W. Jones has been named president of U.S. Bank Corporate Payment Systems (Photo: U.S. Bank)

Jeffrey W. Jones has been named president of U.S. Bank Corporate Payment Systems (Photo: U.S. Bank)

U.S. Bank Corporate Payment Systems helps organizations reduce payment costs and enhance efficiency through the use of travel, purchasing, fleet and aviation charge cards as well as virtual accounts and other payment products. With 1,000 employees in North America and Europe, the business processed $53.6 billion in payments volume in 2014. It is the second-largest issuer of corporate travel cards and third-largest issuer of purchasing cards in the United States*. Its Freight Payment business was a pioneer in its industry and continues to be one of the largest in the world.

“Jeff’s management acumen, demonstrated over many years at the bank, makes him the ideal choice to take the reins of our corporate payments business and position it for robust growth,” said U.S. Bank Vice Chairman for Payment Services Shailesh Kotwal. “Under his astute leadership, our Global Treasury Management group transformed into a premier provider of consultative working capital management solutions, top ranked by the Greenwich Quality Index and other independent reviewers. He will bring that same energy and forward-thinking approach to his new role.”

Jones, who joined the company in 1983, held a variety of roles in wholesale banking before assuming leadership of the Global Treasury Management group in 2001. In that capacity, he was responsible for developing and providing treasury management, payment and international trade solutions to corporate, commercial, institutional and small business clients. He is a graduate of Stanford University, where he earned degrees in economics and political science.

“I am honored and excited to accept this position at a time of tremendous opportunity for the business,” Jones said. “The rapid development of mobile and other forms of cardless payment foretells a period of unprecedented innovation in corporate payments. I look forward to leading this world-class team as we strive to create enhanced payments solutions and efficiencies for our customers.”

About U.S. Bank
Minneapolis-based U.S. Bancorp (NYSE: USB), with $419 billion in assets as of June 30, 2015, is the parent company of U.S. Bank National Association, the fifth-largest commercial bank in the United States. The Company operates 3,164 banking offices in 25 states and 5,020 ATMs and provides a comprehensive line of banking, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com.

*The Nilson Report, June 2015 rankings

Source: U.S. Bank

Bill Brady, U.S. Bank Corporate Communications
(612) 303-0731, bill.brady@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.

The information that is on or available through this site is for informational purposes only and speaks only as of the particular date or dates of that information. We do not guarantee the accuracy or completeness of information on or available through this site, and we are not responsible for inaccuracies or omissions in that information or for actions taken in reliance on that information. U.S. Bancorp does not undertake an obligation, and disclaims any duty, to update any of the information on or available through this site.

This site is supported through the use of Microsoft Internet Explorer Browser, version 6.x or higher. Use of older or other browsers may cause pages to improperly display. We regret any inconvenience that this may cause.

Privacy Pledge   |   © 2010 U.S. Bancorp Site Map   |   Careers