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NOVA Appoints Stuart Harvey President of NOVA Information Systems and Chairman of euroConex

ATLANTA--(BUSINESS WIRE)--July 26, 2005--NOVA Information Systems (NOVA) has appointed Stuart C. Harvey, Jr. to the position of president of NOVA and chairman of euroConex Technologies Ltd., NOVA's European affiliate. Harvey will be responsible for driving the company's global merchant acquiring business. He joined NOVA in April 2003 and, based in Dublin, Ireland, led the company's international expansion, directing all business development and merger and acquisition initiatives for euroConex.

"Stuart embodies the core values of our organization and his tireless energy has helped propel NOVA to its current position in the global merchant acquiring space," said Pamela Joseph, chief executive officer of NOVA Information Systems. "During his years at NOVA, Stuart has demonstrated strong leadership skills, a tenacious work ethic, and the ability to achieve success for our organization."

"Our strategy, financial model and technology platform are sound, and our effectiveness has been proven in eleven countries," said Harvey. "I am grateful for the opportunity to lead this global organization into the future."

Harvey and his family have relocated to Atlanta. Prior to joining NOVA, Harvey was a managing director with the investment banking firm of Piper Jaffray in Minneapolis. He is a graduate of Saint John's University in Minnesota, earned a law degree from The National Law Center at The George Washington University and an MBA from The J.L. Kellogg Graduate School of Management at Northwestern University.

About NOVA

NOVA Information Systems, a leader in the payment processing industry, is a wholly owned subsidiary of U.S. Bancorp (NYSE: USB). NOVA partners with financial institutions, independent sales organizations, associations, government agencies and community banks to offer integrated payment processing services to merchants. 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 850,000 merchant locations in the United States, Canada and Europe. For more information visit www.novainfo.com.

CONTACT: NOVA Information Systems
Michelle Graff, 678-731-5064

SOURCE: NOVA Information Systems

"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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