Wednesday, October 17, 2012

U.S BANK BOLSTERS TRANSPORTATION PAYMENTS EXPERTISE


MINNEAPOLIS (Oct. 17) – U.S. Bank, the largest volume freight payment provider in the world, is gearing up for continued growth of its transportation business with the hiring of two new managers.  

Keith Stopyra has joined the bank’s Corporate Payments Systems business as Northeast regional sales manager for transportation payment solutions. Stopyra is responsible for introducing U.S. Bank Freight Payment to organizations in the Northeastern United States, from Maine to Washington D.C., including the metropolitan areas of Boston, New York, Philadelphia and Pittsburgh.  Formerly with K-Lines, Stopyra brings more than 15 years of experience in transportation and logistics sales and service.

Robert Maidman has also joined Corporate Payment Systems, as transportation payments program manager. Maidman will evaluate market opportunities and trends to guide new product-development strategies for transportation payment systems. Maidman brings nearly 25 years of global trade management and logistics experience, including independent consulting and positions with Romar International and Accenture.

About U.S. Bank Transportation Solutions

U.S. Bank Transportation Solutions is the world’s largest freight payment provider, processing more than 27 million invoices annually while identifying more than $440 million in invoicing errors on behalf of shippers and carriers. This online transportation payment network automates invoice auditing, processing and payment; integrates trade finance; and provides powerful business intelligence to shippers and carriers across the globe.

About U.S. Bancorp

Minneapolis-based U.S. Bancorp (NYSE: USB), with $352 billion in assets as of September 30, 2012, is the parent company of U.S. Bank National Association, the 5th largest commercial bank in the United States. The Company operates 3,086 banking offices in 25 states and 5,080 ATMs and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. U.S. Bancorp and its employees are dedicated to improving the communities they serve, for which the company earned the 2011 Spirit of America Award, the highest honor bestowed on a company by United Way. Visit U.S. Bancorp on the web at usbank.com.