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U.S. Bank PowerTrack Named Among The Top 100 Innovative Supply & Demand Chain Vendors

MINNEAPOLIS--(BUSINESS WIRE)--Aug. 3, 2006--PowerTrack, the on-demand payment network from U.S. Bank, has been named one of this year's top 100 innovators by Supply & Demand Chain Executive magazine. The annual listing recognizes cutting edge supply chain solution providers, consultants and other organizations that lead the way in innovative technology that transforms companies' supply and demand chains.

"We believe that PowerTrack is the industry leader in developing new technology to streamline the payment process and offers unparalleled capabilities when it comes to automating the financial supply chain," said Kevin A. Armstrong, senior vice president and general manager for PowerTrack. "We are pleased to be recognized in this distinguished list of providers."

"Our goal with this year's top 100 is to highlight a broad range of innovations taking place in the theory and practice of supply chain transformation," explained Andrew K. Reese, editor of Supply & Demand Chain Executive. "Our judging committee looked for solutions across a variety of industries, addressing the needs of companies of varying sizes, and assisting in the transformation of a diverse mix of the functions that make up the supply chain."

PowerTrack is featured in the cover story of the June/July 2006 issue of Supply & Demand Chain Executive. To read the full story, visit www.SDCExec.com. To learn more about PowerTrack business-to-business payments and the ability to apply technology to the accounts payable process, contact PowerTrack at 800-417-1844 or visit www.powertrack.com.

PowerTrack is a patented, on-demand, business-to-business payment network from U.S. Bank Corporate Payment Systems that greatly expands the concept of EIPP and invoice presentment. Some of the country's largest commercial and government organizations use PowerTrack to streamline business-to-business payment processes by enabling robust pre-payment audits, real-time exception identification, collaborative resolution, and integrated accounts payable and accounts receivable processing. PowerTrack pays sellers quickly while maintaining generous payment terms for buyers, reduces collections risk for sellers, and delivers exceptional control for cash managers.

U.S. Bancorp (NYSE:USB), with more than $213 billion in assets, is the 6th largest financial holding company in the United States. The company operates 2,434 banking offices and 4,966 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. Visit U.S. Bancorp on the web at www.usbank.com.

CONTACT: U.S. Bank Media Relations
Teri Charest, 612-303-0732
teri.charest@usbank.com
or
U.S. Bank PowerTrack
Robert Fleischman, 612-973-1656
robert.fleischman@usbank.com

SOURCE: U.S. Bank

"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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