Jeff Jones Named President of U.S. Bank Corporate Payment Systems
September 21 2015 - 8:30AM
Business Wire
Longtime U.S. Bank Treasury Management leader
transitions to new role
Jeffrey W. Jones has been named president of U.S. Bank Corporate
Payment Systems, succeeding Kurt Adams, who left the bank earlier
this month. A 32-year U.S. Bank veteran, Jones has been head of its
Global Treasury Management group since 2001. His appointment is
effective today.
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20150921005132/en/
Jeffrey W. Jones has been named president
of U.S. Bank Corporate Payment Systems (Photo: U.S. Bank)
U.S. Bank Corporate Payment Systems helps organizations reduce
payment costs and enhance efficiency through the use of travel,
purchasing, fleet and aviation charge cards as well as virtual
accounts and other payment products. With 1,000 employees in North
America and Europe, the business processed $53.6 billion in
payments volume in 2014. It is the second-largest issuer of
corporate travel cards and third-largest issuer of purchasing cards
in the United States*. Its Freight Payment business was a pioneer
in its industry and continues to be one of the largest in the
world.
“Jeff’s management acumen, demonstrated over many years at the
bank, makes him the ideal choice to take the reins of our corporate
payments business and position it for robust growth,” said U.S.
Bank Vice Chairman for Payment Services Shailesh Kotwal. “Under his
astute leadership, our Global Treasury Management group transformed
into a premier provider of consultative working capital management
solutions, top ranked by the Greenwich Quality Index and other
independent reviewers. He will bring that same energy and
forward-thinking approach to his new role.”
Jones, who joined the company in 1983, held a variety of roles
in wholesale banking before assuming leadership of the Global
Treasury Management group in 2001. In that capacity, he was
responsible for developing and providing treasury management,
payment and international trade solutions to corporate, commercial,
institutional and small business clients. He is a graduate of
Stanford University, where he earned degrees in economics and
political science.
“I am honored and excited to accept this position at a time of
tremendous opportunity for the business,” Jones said. “The rapid
development of mobile and other forms of cardless payment foretells
a period of unprecedented innovation in corporate payments. I look
forward to leading this world-class team as we strive to create
enhanced payments solutions and efficiencies for our
customers.”
About U.S. BankMinneapolis-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, investment, mortgage, trust and
payment services products to consumers, businesses and
institutions. Visit U.S. Bancorp on the web at www.usbank.com.
*The Nilson Report, June 2015 rankings
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150921005132/en/
Bill Brady, U.S. Bank Corporate Communications(612) 303-0731,
bill.brady@usbank.com
US Bancorp (NYSE:USB)
Historical Stock Chart
From Mar 2024 to Apr 2024
US Bancorp (NYSE:USB)
Historical Stock Chart
From Apr 2023 to Apr 2024