U.S. Bank Forms Strategic Channel Partnership with Adelman Travel
July 27 2015 - 10:42AM
Business Wire
U.S. Bank is entering into a strategic alliance with global
travel management services provider Adelman Travel, through which
Adelman will offer U.S. Bank’s suite of corporate payment products,
including its virtual payment technology, to corporate payment
clients. Under the agreement, U.S. Bank’s industry-leading global
payment tools will be integrated with Adelman’s booking and
back-office solutions. This will enable mutual clients to leverage
Adelman’s managed travel solutions and U.S. Bank’s payment
products, including corporate cards, purchasing cards, central
billing accounts, e-payables and single-use virtual cards.
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Example of U.S. Bank-Adelman Travel
co-branded card product (Photo: Business Wire)
“Now Adelman’s customers have one complete global corporate
payment solution, backed by one of the world’s leading financial
institutions,” said Steve Cline, president and chief operating
officer of Adelman Travel. “This allows our corporate clients to
gain a clear picture of their entire spend and maximize their
rebate earnings while reducing their travel management program
fees. Integrating travel, expense, and now credit card data meets
our company’s mission to successfully manage the complete data
cycle and help organizations promote tighter enforcement of travel
policies.”
As part of the agreement, U.S. Bank’s virtual payment solution
will be made available to joint clients with no additional fees.
Additionally, the U.S. Bank virtual card spend will be uniquely
incorporated into a company’s entire card program spend, resulting
in increased rebate earnings.
“Adelman’s highly regarded travel management solutions are a
perfect fit with U.S. Bank’s suite of innovative and efficient
global payment technologies,” said Bradley Matthews, head of Middle
Market Product & Marketing for U.S. Bank Corporate Payment
Systems. “This integration offers significant advantages to
business travelers and travel program managers alike, while greatly
simplifying booking, payment and reconciliation.”
The Adelman Travel agreement was one of two announced by the
bank at this week’s Global Business Travel Association (GBTA)
conference. The second announcement was a strategic agreement with
Chrome River Technologies.
About U.S. Bank
Minneapolis-based U.S. Bancorp (NYSE: USB), with $419 billion in
assets as of June 30, 2015, is the parent company of U.S. Bank
National Association, the fifth largest commercial bank in the
United States. The Company operates 3,164 banking offices in 25
states and 5,020 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 www.usbank.com.
About Adelman Travel
Adelman Travel is a Milwaukee -based travel agency with more
than $600 million in annual revenue. Adelman specializes in
corporate travel management, global consolidations, vacation
travel, meeting and incentive planning and rewards travel. The
company has regional travel solution centers and corporate on-sites
in the U.S. and dedicated affiliate offices in Asia, Canada and
Europe. Learn more at www.adelmantravel.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20150727005829/en/
U.S. Bank Corporate CommunicationsBill Brady,
612-303-0731bill.brady@usbank.comorAdelman Travel GroupSteve Cline,
414-410-8351scline@adelmantravel.com
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