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.

Contacts

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

 

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