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2002 Press Releases and Media

VERIZON COMMUNICATIONS CHOOSES U.S. BANK VOYAGER FLEET SYSTEMS TO PROVIDE FLEET FUEL CREDIT CARD PURCHASING

MINNEAPOLIS (May 21, 2002) - Verizon Communications (NYSE: VZ) has selected Voyager Fleet Systems to provide the corporation with a state-of-the-art fleet fuel credit card purchasing system. The program, which will be rolled out by the end of the year, calls for Voyager Fleet Systems Inc., a wholly owned subsidiary of U.S. Bank North Dakota NA, to provide the fleet card issuance, billing, payment processing, customer relations and detailed transaction reporting services.

Providing Verizon with an unmatched level of reporting and security capabilities, Voyager Fleet Systems will capture all of the pertinent details at each transaction including: date, time, location, product type, grade, quantity and costs. The detail is compiled and provided so that the transaction reports can be used to aid in Verizon's fleet management, and to negotiate discounts--where appropriate.

The Voyager card is accepted at over 165,000 retail locations in all 50 states and provides comprehensive fleet management information services to commercial businesses and government agencies. Voyager offers comprehensive data reporting and card tracking features that allow fleet executives to better manage their fleets. Additional information can be found at Voyager's website at www.voyagerfleet.com.

U.S. Bancorp (NYSE: USB), with $321 billion in assets, is the parent company of U.S. Bank, the 5th largest commercial bank in the United States. The company operates 3,086 banking offices and 5,086 ATMs, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions.

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