Minneapolis-based
U.S. Bancorp, formerly the 10th largest financial services holding
company in the nation, merged with Firstar Bank in February 2001
to create the new U.S. Bancorp, with assets in excess of $160
billion. As a result of the merger U.S. Bancorp is the 8th largest
financial services holding company in the United States. The
company operates 2,239 banking offices, approximately 5,200 branded
ATMs, and provides a comprehensive line of banking, brokerage,
insurance, investment, mortgage, trust and payment services products
to consumers, businesses and institutions.
U.S. Bank's dedication to satisfying customer needs is reflected in our
corporate structure. U.S. Bank has four core business segments: Retail Banking,
Commercial and Business Banking, Wealth Management, and Payment Systems, which
includes Corporate Payment Systems.
Corporate Payment Systems
Corporate Payment Systems (CPS) is fully owned by U.S. Bank
and is located in the corporate headquarters' offices in Minneapolis.
More than 750 Corporate Payment Systems employees are dedicated
to the Corporate/Purchasing/Fleet Card business unit. CPS handles
all Commercial Card solutions with a 24-hour Cardholder Service
Centre in Fargo N.D., which is owned entirely by U.S. Bank. We
have offices across the U.S. We also have offices in Canada.
U.S. Bank Corporate Payment Systems was the first specialized
Purchasing Card issuer in the world, and we are the largest bankcard
issuer of Corporate (T&E) cards in the world. Also, U.S.
Bank is among the four largest Visa/MasterCard merchant acquiring
banks.
We have over 2,200 commercial card program clients:
- Federal Government's largest purchasing card program
- Nearly half of the Fortune 100
- More than 30 percent of the Fortune 500
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