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euroConex Named Merchant Acquirer of the Year; NOVA's European Affiliate Awarded at Cards International Global Award Event

ATLANTA--(BUSINESS WIRE)--June 1, 2006--NOVA Information Systems (NOVA), a wholly owned subsidiary of U.S. Bancorp (NYSE:USB), today announced that its European affiliate, euroConex, has been awarded the title of "Merchant Acquirer of the Year" at the Cards International Global Awards event held in Milan, Italy. The panel of judges cited the company's strong international expansion and high cross-border competence as the main drivers for the decision.

Ketil Fridheim, CEO, euroConex Nordic and head of European marketing, was present to accept the award. "I am immensely proud that euroConex was selected as Merchant Acquirer of the Year," commented Fridheim. "This is an important source of inspiration for us as we continue our aggressive pan-European growth strategy whilst providing the best possible service to our customers."

The Cards International Global Award is an annual event. The award has been established by the international card industry, and the jury consists of an international panel of judges and commentators. Each year the winners are announced during the annual gala dinner, which this year took place in Milan.

euroConex has demonstrated a successful acquisitions model over the past few years, acquiring the merchant processing portfolios of leading financial institutions including Alliance & Leicester in the United Kingdom, Bank of Ireland, Cardpoint in Poland, SEB/Europay in Norway, and Citibank Card Acceptance. There are currently more than 200,000 merchant locations in the euroConex portfolio.

About NOVA

NOVA Information Systems, a leader in the payment processing industry is a wholly owned subsidiary of U.S. Bancorp (NYSE: USB). Combined, NOVA and its affiliates First Horizon Merchant Services, euroConex and Elan provide global merchant processing services to financial institutions and clients in the United States, Canada, and Europe. NOVA offers integrated payment processing services to more than 1,000,000 merchants worldwide. For more information, visit www.novainfo.com.

About euroConex

euroConex Technologies, Ltd is the European affiliate of NOVA Information Systems and a wholly owned subsidiary of U.S. Bancorp. The company provides an integrated payments processing service to financial institutions and merchants across Europe using a multi-currency platform. In addition to point of sale and e-commerce solutions, euroConex also provides a range of specialist multi-currency products including Dynamic Currency Conversion (DCC). For more information visit www.euroconex.com.

CONTACT: NOVA Information Systems
Steve Dale, 612-303-0784

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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