MINNEAPOLIS, Jan 29, 2004 (BUSINESS WIRE) -- U.S. Bancorp (NYSE:USB)
U.S. Bank Corporate Payment Systems and Concur Technologies, Inc. announced
today that Maurices, Inc. and a leading fluid technology company have become the
first U.S. Bank commercial card customers to implement AccessExpense. Developed
and powered by Concur, AccessExpense provides customers with the world's leading
Web-based travel and entertainment expense management solution.
By leveraging the expertise of U.S. Bank and Concur Technologies, customers
receive a corporate travel card from the world's largest bank issuer, and the
business service expertise of Concur Technologies, the global leader in expense
management. The U.S. Bank corporate card offers unparalleled global acceptance,
extensive management reporting, custom billing and payment options and a host of
comprehensive travel benefits. AccessExpense also allows U.S. Bank customers to
simplify expense management by automating the process, ensuring a far greater
degree of accuracy, while adhering to corporate governance requirements, such as
"The first AccessExpense customers chose U.S. Bank for the combined value of our
corporate card and the added power of a top-notch expense management solution,"
said Robert T. Abele, executive vice president for U.S. Bank. "Both companies
required a travel card with extensive benefits, access to worldwide cash advance
systems, 24-hour customer service and automated expense reporting; we're
confident that both companies will leverage all of the services and features
associated with our corporate card and AccessExpense."
"We are extremely excited about the partnership we have embarked upon with U.S.
Bank and Concur," said Nancy Adams, travel manager for Maurices, Inc. "We were
impressed with the capabilities this system will offer us -- not only from a
back office accounting function, but also from a front-end traveler convenience
aspect. We anticipate that our expense reporting process will be simplified and
we will obtain more accurate data to be used in a multitude of ways."
AccessExpense is a co-branded version of Concur Expense that enables U.S. Bank
to provide its customers with a powerful, complementary tool to couple with its
commercial card. AccessExpense automates the travel and entertainment expense
management process including expense report preparation, policy compliance,
reimbursement, data analysis and enables improved financial reporting.
Concur Technologies, Inc. (Nasdaq:CNQR) is the world's leading provider of
Corporate Expense Management solutions, servicing thousands of companies
worldwide. Concur solutions include Concur Expense for travel and entertainment
expense management and Concur Payment for managing employee request for vendor
payments. Concur also offers value-added software and services to complement its
core solutions, including Concur Imaging Service, Concur Travel Integration,
Concur Business Intelligence, and Concur Total Access. Concur solutions
streamline business processes, reduce operating costs and improve internal
controls while empowering financial managers to apply greater intelligence to
their company's spending patterns. More information about Concur is available at
U.S. Bank Corporate Payment Systems, a division of U.S. Bank, offers clients a
full suite of solutions for commercial, fleet and B2B payment needs. U.S. Bank
was the first to offer corporate bankcard, purchasing and relocation card
programs, the first to offer a private-label fleet card and is one of the
largest merchant acquirers in the world. Corporate Payment Systems maintains an
enviable list of clients including nearly half of the Fortune 100 and more than
30 percent of the Fortune 500.
U.S. Bancorp (NYSE:USB), with assets of $189 billion, is the 8th largest
financial services holding company in the United States. The company operates
2,243 banking offices and 4,425 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 home of the
Five Star Service Guarantee, which assures customers of certain key banking
benefits and services or customers will be paid for their inconvenience. U.S.
Bancorp is the parent company of U.S. Bank. Visit U.S. Bancorp on the web at
SOURCE: U.S. Bank
CONTACT: U.S. Bank
Dan Endy, Corporate Payment Systems, 612-973-6901
Karen Greenwood, Media Relations, 612-303-0731
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SOURCE: U.S. Bank