MINNEAPOLIS, Minn. & FRAMINGHAM, Mass., Nov 01, 2005 (BUSINESS WIRE) -- U.S. Bank has won CIO magazine's 14th Annual CIO
Enterprise Value Award in the banking and brokerage category. Since
1993, CIO has honored companies and organizations for exemplary uses
of IT that add value to their operations. U.S. Bank won for Access
Online, an electronic payment tool used by major corporations and
created by U.S. Bank Corporate Payments Systems.
Underscoring the collaboration between information technology (IT)
and business management, the CIO Enterprise Value Award is given to a
select group of organizations that clearly demonstrate how they
leverage IT to achieve business objectives and produce return on
"U.S. Bank is honored to receive this award the first time we
entered the competition," said Rob Abele, executive vice president of
U.S. Bank Corporate Payment Systems. "Access Online has proven to be a
valuable tool for many of our major corporate customers. This
recognition by CIO magazine further validates our commitment to the
innovative use of information technology and our efforts to best serve
CIO Enterprise Value Award entries are subjected to a rigorous
judging process. CIO editors and a review board of independent
consultants and academics examined the nominations and spoke with
representatives of the various companies to evaluate their systems'
costs and returns and impact on each company's overall operations.
This year, 11 winners and 2 honorable mentions were selected. The
winner of the Grand CIO Enterprise Value Award will be announced at
the CIO/06: The Year Ahead Conference on Nov. 6, 2005.
"U.S. Bank's receipt of this award shows how integral information
technology is in our line of business," said Bill Chenevich, vice
chairman of U.S. Bancorp technology and operations services. "This
achievement reaffirms the value of the technology being used within
"In the 14 years we've been doing the CIO Enterprise Value Awards,
we've seen a growing sophistication in the value of our winners' IT
initiatives," says Abbie Lundberg, editor in chief, CIO magazine.
"This year's winners hit more often and more deeply on multiple
pillars of the different types of value we look at: the strategic,
financial, operational, customer and even social impact of what
Launched in 1987, CIO magazine addresses issues vital to the
success of chief information officers (CIOs) worldwide. The CIO
portfolio includes a companion website www.CIO.com, CIO Executive
Programs and the CIO Executive Council. CIO properties provide
technology and business leaders with analysis and insight on
information technology trends and a keen understanding of IT's role in
achieving business goals.
U.S. Bancorp (NYSE: USB), with $207 billion in assets, is the 6th
largest financial holding company in the United States. The company
operates 2,396 banking offices and 4,986 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. Bank
Kristine Pasowicz, 612-303-0731
CXO Media Inc.
Karen Fogerty, 508-935-4091