Multi Service, U.S. Bank Complete Acquisition, Network Agreement

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Combined effort establishes the broadest fuel network in the commercial aviation industry.

The Multi Service Suite of Aviation Fuel Cards

Merchants should be prepared to accept any card in the suite of Multi Service aviation fuel cards.

This agreement is another step in what has been a long-standing partnership with U.S. Bank. By combining efforts, we can offer a stronger solution to the global aviation industry.

Multi Service Corporation and U.S. Bank announced the signing of an agreement that will split the existing Multi Service Aviation fuel card program into two, cooperating programs. U.S. Bank will maintain ownership of the Multi Service Aviation business with fuel suppliers and commercial aviation customers in the United States and Canada. Customers based outside the United States and Canada will be transitioned from the U.S. Bank Multi Service Aviation program to the Multi Service Aero Card program, managed by Multi Service Corporation.

The two companies will continue to work together, as Multi Service Aviation and Multi Service Aero Card will maintain cross-network card acceptance.

Mark O’Connell, president of Multi Service commented, “This agreement is another step in what has been a long-standing relationship with U.S. Bank. By combining efforts, we can offer a stronger solution to the global aviation industry.”

Multi Service has a long history in the aviation industry. The company initially designed the Multi Service Aviation program in 1981. By the time the program was sold to U.S. Bank in 2005, the Multi Service Aviation card had become the most widely adopted aviation fuel card in the industry. Multi Service has also maintained a presence in aviation through the United States Government AIR Card® program of more than 20,000 cardholders. The Multi Service Aero Card program was launched in 2010 and currently supports fueling operations for global military and government agencies at more than 7,500 fueling locations in 190 countries and territories.

"Matching the strength of U.S. Bank's North American aviation network with the global reach of Multi Service will create a winning scenario for both companies, and more importantly for our customers," said Jeff Rankin, senior sales and marketing officer for U.S. Bank Corporate Payment Systems. "By maintaining cross-network card acceptance, cardholders of both get access to a global merchant network. It's a seamless, streamlined solution for everyone."

For merchants currently accepting the Multi Service Aviation card or AIR Card®, no specific action will be required in order to accept the Multi Service Aero Card. Fuel suppliers not currently included within the AIR Card® or Multi Service Aero Card merchant network should contact Multi Service merchant support at +1-866-308-3811 for more information.

Cards will be rolled out to customers immediately; existing Multi Service Aviation cards will continue to work in the interim.

“We expect a seamless transition for both fuel suppliers and card users,” O’Connell said. “The supplier network, program infrastructure and support staff are in place, and we are looking forward to future enhancements.”

About Multi Service. Multi Service is a global transaction management company specializing in billing and payment systems. Founded in 1978, the company provides specialized credit card services to fleet, commercial and government clientele, including the United States Government. The company has offices in the United States, Mexico, the Netherlands and Australia. For more information, visit http://www.multiserviceaero.com.

About U.S. Bank Multi Service Aviation. U.S. Bank Multi Service Aviation is a division of U.S. Bank Corporate Payment Systems and provides cardholders with customized billing, free online account maintenance and savings on fuel. We serve the aviation industry of North America with financial integrity, security, and unsurpassed customer service. Visit http://www.multiserviceaviation.com to learn more.

About U.S. Bank. In addition to operating the Multi Service Aviation Network in North America, U.S. Bank is the fifth largest commercial bank in the United States. Its parent company is U.S. Bancorp, with $311 billion in assets as of March 31, 2011. The company operates 3,082 banking offices in 25 states and 5,238 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 http://www.usbank.com.

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Patricia Waguespack
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