ORLANDO, Fla.--(BUSINESS WIRE)--Jul. 27, 2015--
U.S. Bank is entering into a strategic alliance with global travel
management services provider Adelman Travel, through which Adelman will
offer U.S. Bank’s suite of corporate payment products, including its
virtual payment technology, to corporate payment clients. Under the
agreement, U.S. Bank’s industry-leading global payment tools will be
integrated with Adelman’s booking and back-office solutions. This will
enable mutual clients to leverage Adelman’s managed travel solutions and
U.S. Bank’s payment products, including corporate cards, purchasing
cards, central billing accounts, e-payables and single-use virtual cards.
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Example of U.S. Bank-Adelman Travel co-branded card product (Photo: Business Wire)
“Now Adelman’s customers have one complete global corporate payment
solution, backed by one of the world’s leading financial institutions,”
said Steve Cline, president and chief operating officer of Adelman
Travel. “This allows our corporate clients to gain a clear picture of
their entire spend and maximize their rebate earnings while reducing
their travel management program fees. Integrating travel, expense, and
now credit card data meets our company’s mission to successfully manage
the complete data cycle and help organizations promote tighter
enforcement of travel policies.”
As part of the agreement, U.S. Bank’s virtual payment solution will be
made available to joint clients with no additional fees. Additionally,
the U.S. Bank virtual card spend will be uniquely incorporated into a
company’s entire card program spend, resulting in increased rebate
earnings.
“Adelman’s highly regarded travel management solutions are a perfect fit
with U.S. Bank’s suite of innovative and efficient global payment
technologies,” said Bradley Matthews, head of Middle Market Product &
Marketing for U.S. Bank Corporate Payment Systems. “This integration
offers significant advantages to business travelers and travel program
managers alike, while greatly simplifying booking, payment and
reconciliation.”
The Adelman Travel agreement was one of two announced by the bank at
this week’s Global Business Travel Association (GBTA) conference. The
second announcement was a strategic agreement with Chrome River
Technologies.
About U.S. Bank
Minneapolis-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, brokerage, insurance,
investment, mortgage, trust and payment services products to consumers,
businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com.
About Adelman Travel
Adelman Travel is a Milwaukee -based travel agency with more than $600
million in annual revenue. Adelman specializes in corporate travel
management, global consolidations, vacation travel, meeting and
incentive planning and rewards travel. The company has regional travel
solution centers and corporate on-sites in the U.S. and dedicated
affiliate offices in Asia, Canada and Europe. Learn more at www.adelmantravel.com.
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Source: U.S. Bancorp
U.S. Bank Corporate Communications
Bill Brady, 612-303-0731
bill.brady@usbank.com
or
Adelman
Travel Group
Steve Cline, 414-410-8351
scline@adelmantravel.com