ATLANTA, Nov 3, 2004 (BUSINESS WIRE) -- Pamela A. Joseph was named
today as the new chairman, president and chief executive officer of
Atlanta-based NOVA Information Systems, Inc., a wholly-owned
subsidiary of U.S. Bancorp (NYSE:USB) that manages and facilitates
payment processing on behalf of retailers, financial institutions,
associations, government agencies, and independent sales
organizations. Richard K. Davis, president and chief operating officer
of U.S. Bancorp announced Joseph's new position. She will now be
responsible for managing all operations of NOVA, Transaction Services
and EuroConex. As chairman and chief executive officer, Joseph
replaces Edward Grzedzinski who has left the organization to pursue
Davis commented, "Pam has more than 20 years of experience in the
financial services business and has been an important part of the
success of NOVA. She has done an outstanding job for the organization
and I know that she will do an equally strong job as chairman and
chief executive officer of NOVA. Pam has earned her new position and
is committed to providing great customer service and continuing to
further and grow the NOVA brand."
Prior to this announcement Joseph, age 45, was president and chief
operating officer and was responsible for all business development and
operational functions of NOVA Information Systems and managing all
merger and acquisitions activities. In her new position Joseph will
report directly to Davis and be a member of U.S. Bancorp's 10 member
managing committee, which is comprised of the highest-ranking
executives within the organization.
Joseph joined NOVA in July 1994 as vice president of marketing.
She was named senior vice president, business development in December
1995, chief information officer in January 1997, senior executive vice
president of business development in September 2001, and president and
chief operating officer in February 2004.
Before joining NOVA, Joseph served nearly three years with VISA
International as director of new market development. In this position,
she was responsible for the development of VISA acceptance in the
supermarket industry. Prior to her tenure with VISA, Joseph served
more than eight years in the banking industry with Wells Fargo Bank,
where she held various senior sales and marketing positions.
In addition to her position at NOVA, Joseph is a member of the
Visa Acquirer Board, as well as a member of the Board of Directors
Network, which is responsible for getting women appointed to boards.
Joseph earned a bachelor's degree in business administration from the
University of Illinois at Champaign-Urbana. She resides in Atlanta
with her husband and three children.
NOVA, the third largest payment processor, specializes in
providing integrated credit and debit card payment processing,
electronic check conversion, related software applications, and
value-added services in the United States and in Europe through
EuroConex. Transaction Services provides ATM and debit card processing
solutions to financial institutions, merchants and sales partners
throughout the U.S.
NOVA Information Systems, a leader in the payment processing
industry. NOVA partners with financial institutions, independent sales
organizations, associations, government agencies and community banks
to offer integrated payment processing services to their merchants and
retailers. NOVA's products include credit and debit card processing
services, software applications, electronic check conversion, gift
card solutions and other value-added services to more than 700,000
merchant locations in the United States and Europe. For more
information visit www.novainfo.com.
U.S. Bancorp (NYSE:USB), with $193 billion in assets, is the 6th
largest bank holding company in the United States. The company
operates 2,346 banking offices and 4,621 ATMs in 24 states, 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 in which the company pays customers if
certain key banking benefits and services are not met. U.S. Bancorp is
the parent company of U.S. Bank. Visit U.S. Bancorp on the web at
SOURCE: U.S. Bancorp
Steve Dale (Media), 612-303-0784
H. D. McCullough (Analysts), 612-303-0786