MINNEAPOLIS--(BUSINESS WIRE)--March 5, 2007--U.S. Bank was
selected as a finalist in the category of Best Government or Disaster
Relief Card Program at an awards dinner presentation of the Prepaid
Card Awards on February 27 during the 2007 Prepaid Card Expo in Las
Vegas. Created by Prepaid Media, the first annual Prepaid Card Awards
recognizes noteworthy professionals, organizations, and programs
throughout the prepaid card industry. The U.S. Bank ReliaCard Visa was
nominated for this award by Nebraska State Treasurer Shane Osborne.
"We are very pleased to have our ReliaCard Visa program selected
as a finalist in the category of Best Government or Disaster Relief
Card Program at the first annual Prepaid Card Awards," said Chris
Jesmer, vice president of government prepaid products at U.S. Bank.
"The ReliaCard Visa program lowers overall expenses for state
governments by decreasing costs associated with paper checks. We
currently have 19 ReliaCard Visa programs being used for a variety of
disbursement needs by agencies in 13 states."
U.S. Bank has been one of Visa's top three prepaid card issuers
for the past five years. The U.S. Bank ReliaCard Visa is a reloadable
prepaid card designed to replace costly paper checks in a broad range
of recurring government cash disbursement activities such as child
support and unemployment insurance benefit payments. The introduction
of the ReliaCard Visa in 2001 marked the first time a network-branded
prepaid card had been used for government agency disbursements.
"We want to congratulate all the companies that submitted their
products, services, and professionals for consideration for the first
annual Prepaid Card Awards," said Jonathan Weiner, president of
Prepaid Media. "There are so many companies and individuals developing
and offering innovative programs and products in the rapidly evolving
prepaid card market, it was difficult to select the very best
programs. However, these finalists represent what we believe are the
most innovative programs and products with the greatest impact in
their respective categories in the past twelve months."
Prepaid Media provides a host of business-to-business media and
information services to the rapidly growing network branded prepaid
and stored value card industry. Prepaid Media's properties include the
Paybefore online portal, Paybefore Update electronic newsletter, and
Prepaid Card Report (PCR) print publication, the leading information
sources for the prepaid and stored value card markets. Prepaid Media
also owns and produces the Prepaid Buyers Guide, Prepaid Card Data,
and Prepaid Card Awards, all of which are incorporated across its
various media properties.
As the prepaid and stored value card industry continues to evolve,
Prepaid Media serves as a trusted partner, providing compelling
learning, buying and selling, and networking opportunities to key
market participants. For more information on Prepaid Media, please
U.S. Bancorp (NYSE:USB), with $219 billion in assets, is the
parent company of U.S. Bank, the 6th largest commercial bank in the
United States. The company operates 2,472 banking offices and 4,841
ATMs, 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 usbank.com.
CONTACT: U.S. Bank
Jennifer Wendt, 612-303-0731
SOURCE: U.S. Bank