11.01.2006 08:00:00

NOVA Appoints Roger Alexander CEO of euroConex; Will Lead Company's Aggressive European Growth Strategy

NOVA Information Systems (NOVA), a wholly ownedsubsidiary of U.S. Bancorp (NYSE:USB), today announced that it hasappointed Roger K. Alexander to the position of chief executiveofficer of euroConex Technologies Ltd., NOVA's European affiliate.Alexander will be responsible for running the company's pan-Europeanmerchant acquiring business.

Alexander was most recently chief executive officer of S2 CardServices Ltd. (formerly known as Switch), the U.K.'s leading domesticdebit card scheme. Prior to joining S2 in October 2002, Alexanderspent 3 years as a partner with payment systems consultancy firmEdgar, Dunn & Company (EDC) in London. Previously, Alexander spentover 30 years with Barclays Bank where he held a variety of roles andwas appointed director of Barclaycard and managing director ofBarclays Bank's Emerging Markets Group in 1994.

"We are pleased that Roger has come on board to drive ouraggressive pan-European expansion plans," said Stuart C. Harvey, Jr.,president of NOVA and chairman of euroConex. "His extensive experiencein the payments space and his strong leadership skills will ensurethat euroConex continues to deliver on the foundation of strongorganic growth and acquisitions that are in place today."

"I'm excited about the opportunity to lead euroConex at such avital time in the company's history," said Alexander. "I'm lookingforward to working with the excellent and dedicated employees of theEuropean team to further develop the business and add value to ourstrong partner relationships and our extensive client base."

EuroConex recently announced a definitive agreement to acquireCitibank(R) Card Acceptance (CCA), a part of Citigroup, Inc. (NYSE:C).The deal closed successfully at the end of the year. Approximately100,000 merchant locations in more than 30 countries have joined theeuroConex portfolio. Additionally, euroConex picked up CCA operationscenters based in the United Kingdom, Germany and Belgium. This dealadds approximately 150 employees to euroConex and raises the company'stotal portfolio to more than 200,000 merchant locations.

About NOVA

NOVA Information Systems, a leader in the payment processingindustry is a wholly owned subsidiary of U.S. Bancorp (NYSE:USB).Combined, NOVA and its affiliates, euroConex and Elan, provide globalmerchant processing services to financial institutions and customersin the United States, Canada, and Europe. NOVA offers integratedpayment processing services to more than 800,000 merchants. For moreinformation visit www.novainfo.com.

About euroConex

EuroConex Technologies Ltd. is the European affiliate of NOVAInformation Systems and a wholly owned subsidiary of U.S. Bancorp. Thecompany provides integrated payment processing services to financialinstitutions and merchants in more than 30 European countries using amulti-currency platform. In addition to point of sale, internationalpoint of sale and e-commerce solutions, euroConex also provides arange of specialist multi-currency products including Dynamic CurrencyConversion (DCC). For more information visit www.euroconex.com.

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