U.S. Bank E-Commerce Suite Delivers Cost-Saving Results; Company Validates Success by Renewing Agreement with Software Provider

Business Wire, April 26, 2005

MINNEAPOLIS & RESTON, Va. -- U.S. Bank eCommerce Suite, a service of U.S. Bank Corporate Payment Systems, has demonstrated significant time and cost savings for customers using it for their procurement needs in the first three years since its launch. As a result, U.S. Bank has renewed its reseller agreement with OrderHouse(TM) for its Powered-by-OrderHouse(TM) branded solution, which is the foundation of eCommerce Suite.

E[acute accent]"The success that we've had with eCommerce Suite illustrates how e-procurement solutions complement our purchasing card," said U.S. Bank executive vice president, Rob Abele. "Renewing our reseller agreement with OrderHouse demonstrates our ongoing commitment to facilitating a seamless exchange between buyers and sellers." E[acute accent]U.S. Bank eCommerce Suite extends the functionality of the U.S. Bank Purchasing Card program, by quickly and inexpensively connecting buyers and suppliers via the Internet for cost-effective e-procurement. Since initially deploying eCommerce Suite in 2002, U.S. Bank has experienced 25 to 30 percent year-over-year growth in the number of active orders and transactions taking place via the eCommerce Suite application. E[acute accent]"U.S. Bank's customers and the market in general need a complete Procure-to-Pay solution that captures and manages everything from Level-3 order detail, to transaction settlement and reconciliation," said Jim Madaj, president of OrderHouse. "By renewing our agreement, U.S. Bank is setting themselves apart from their competition by offering proven, value added e-business products." E[acute accent]OrderHouse is a leading provider of Supplier Relationship Management (SRM) solutions delivered as a service-oriented, on-demand platform. OrderHouse offers a complete procure-to-pay platform enabling organizations to quickly leverage its SRM solutions into procurement, payment automation and supplier relationship initiatives. E[acute accent]The OrderHouse platform helps Small-Medium Enterprises (SMEs) and Fortune 500 companies reduce the cost and complexity of implementing eProcurement, Payment Automation and Supplier Enablement solutions. It accelerates the delivery of top and bottom-line results. Through the Powered-by-OrderHouse program, select financial services and enterprise software partners deliver branded and cost effective e-procurement, payment and supplier enablement solutions to their end customers. E[acute accent]U.S. Bank Corporate Payment Systems, a division of U.S. Bancorp, offers clients a full suite of solutions for commercial, fleet and B2B payment needs. U.S. Bank was the first to offer corporate bankcard, purchasing and relocation card programs, the first to offer a private-label fleet card and is one of the largest merchant acquirers in the world. E[acute accent]U.S. Bancorp (NYSE: USB), with $198 billion in assets, is the 6th largest financial holding company in the United States. The company operates 2,377 banking offices and 4,654 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. U.S. Bancorp is home of the Five Star Service Guarantee in which the company pays customers if certain key banking benefits and services are not met. U.S. Bancorp is the parent company of U.S. Bank. Visit U.S. Bancorp on the web at usbank.com.