MINNEAPOLIS, Nov 25, 2003 (BUSINESS WIRE) -- U.S. Bank has introduced the
Visa(R) Gift Card, the latest in a line of convenient payment options available
from U.S. Bank that can be used wherever Visa debit cards are accepted for
anything from clothes to music, movie tickets to dinner.
The cards are perfect for anyone age 13 or older and for any occasion. The Visa
Gift Cards are available for purchase in denominations ranging from $25 to $500.
The Visa Gift Card carries the benefits of a Visa card including the ability to
replace lost or stolen cards. Plus, since it is a prepaid card and not a credit
card, there's no risk of running into debt.
"We all know how hard it can be to buy a gift for that friend who has everything
or that teenager whose likes and dislikes are completely unknown," said Patricia
Wesner, executive vice president of U.S. Bank Retail Payment Solutions. "The
Visa Gift Card can be used at almost any merchant and online so shoppers no
longer have to worry about buying the wrong gift or a gift certificate for the
wrong store. We're sure that it will be a big hit this holiday season or for any
The Visa Gift Card, available to U.S. Bank account holders as well as
non-account holders, can be purchased at any U.S. Bank branch. Unlike store gift
cards, the Visa Gift Card can be used everywhere Visa debit cards are accepted.
As an added value an all occasion greeting card is included in the $4.99 gift
card purchase price. The card can be funded with cash, a debit or credit card or
a U.S. Bank account. The Visa Gift Card is also a convenient option for
businesses, nonprofit organizations or other groups looking to provide gifts or
rewards to their employees or members during the holidays or anytime of year.
U.S. Bank has seen tremendous success with its other prepaid, stored value cards
including Visa Buxx, Secure Money Transfer, ReliaCard and AccelaPay. The Visa
Buxx card, which has been available since August 2000, is a reloadable card for
teens that makes dispersing allowances more convenient and teenage shopping
safer. Secure Money Transfer makes sending money to Mexico faster, easier and
more reliable. ReliaCard, available in Colorado, Iowa, Minnesota and Washington,
speeds the distribution of state-ordered child support payments and saves states
money. ReliaCard is also available in Oregon for unemployment disbursements.
AccelaPay is a convenient payroll option provided by participating companies for
employees who do not have direct deposit established with their employer.
Minneapolis-based U.S. Bancorp (NYSE:USB), with $189 billion in assets, is the
8th largest financial services holding company in the United States. The company
operates 2,201 banking offices and 4,506 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 is the
parent company of U.S. Bank and is on the web at usbank.com.
SOURCE: U.S. Bank
CONTACT: U.S. Bank
Steve Dale, 612-303-0784
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Copyright (C) 2003 Business Wire. All rights reserved.
SOURCE: U.S. Bank