Elavon Establishes Global Professional Services Business

  Elavon Establishes Global Professional Services Business

   People, Processes and Technology help lower the total cost of accepting
                                   payments

Business Wire

ATLANTA -- March 5, 2013

Elavon, a wholly owned subsidiary of U.S. Bancorp (NYSE: USB) and a leading
global payment solutions provider, announced that it has formed a division to
work with enterprise clients in the pursuit of uncovering opportunities to
help them lower costs centered around the “three big things” impacting the
costs of accepting payments: rates, fraud, and data security.

Elavon’s global reach and award-winning international processing platform,
best-in-class solutions and knowledgeable teams of local experts, combines to
result in the delivery of solutions and services that help companies lower the
total cost of acceptance payments. To date, its Professional Services team has
created savings of more than $50 million to clients worldwide.

“Companies often focus their attention on negotiating rates and fees in an
attempt to shave a few basis points off their costs,” said James Ray, senior
vice president, Global Accounts at Elavon. “The truth is that every
payments-related expense analyzed for efficiency and brought under management
drives money straight to the bottom line, providing companies with a
tremendous opportunity to unleash savings and redirect spending at initiatives
that drive growth. Our Professional Services team is uniquely qualified to
consult with companies and uncover cost-saving opportunities.”

Elavon leverages its people, processes and technology on three major areas of
payment acceptance:

  *Interchange Advisory & Optimization Solutions that provide a view into how
    transactions are handled, and advise on remedies to qualify for better
    rates;
  *Advanced Fraud & Chargeback Management Tools that lower fraud and improve
    revenue; along with business processing outsource services that optimize
    the costs associated with managing chargebacks and fraud;
  *End-to-End Security & PCI Compliance Solutions that combine advanced
    point-to-point encryption and tokenization to protect data and mitigate
    the cost and complexities of PCI compliance.

Elavon starts with a Total Cost of Payments Assessment to identify a company’s
challenges and determine where their team of experts can help the most. Many
of the Professional Services activities do not require an acquiring
relationship with Elavon, allowing companies everywhere to lower costs without
disrupting existing relationships. Learn more at http://3bigthings.elavon.com.

About Elavon (www.elavon.com): Elavon is wholly owned by U.S. Bancorp (NYSE:
USB) and provides end-to-end payment processing solutions and services to more
than one million merchants in the United States, Europe, Canada, Mexico,
Brazil and Puerto Rico. Elavon markets solutions including credit and debit
card processing, electronic gift cards, dynamic currency conversion,
multi-currency support, and cross-border acquiring through multiple alliance
channels including financial institutions, trade associations, and third party
sales agents. Elavon’s suite of solutions is tailored to meet the needs of
merchants in specialized markets such as retail, hospitality/T&E, health care,
education and the public sector.

About U.S. Bancorp: U.S. Bancorp (NYSE: USB), with $354 billion in assets as
of December 31, 2012, is the parent company of U.S. Bank, the 5th largest
commercial bank in the United States. The Company operates 3,084 banking
offices in 25 states and 5,065 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:

For Elavon Media Relations (The Americas)
Louise Mulherin, +1-404-607-7459
Louise@mulherinpr.com
or
U.S. Bank Media Relations
Teri Charest, 612-303-0732
teri.charest@usbank.com