U.S. Bank Corporate Payment Systems has ankled Jeffrey Jones as president, succeeding Kurt Adams, who left the bank earlier this month. A 32-year U.S. Bank veteran, Jones has been head of its Global Treasury Management group since 2001. His appointment is effective today.
U.S. Bank Corporate Payment Systems helps organizations reduce payment costs and enhance efficiency through the use of travel, purchasing, fleet and aviation charge cards as well as virtual accounts and other payment products. With 1,000 employees in North America and Europe, the business processed $53.6 billion in payments volume in 2014.
It is the second-largest issuer of corporate travel cards and third-largest issuer of purchasing cards in the United States*. Its Freight Payment business was a pioneer in its industry and continues to be one of the largest in the world.
The bank says under his astute leadership, the Global Treasury Management group transformed into a premier provider of consultative working capital management solutions, top ranked by the Greenwich Quality Index and other independent reviewers.
Jones, who joined the company in 1983, held a variety of roles in wholesale banking before assuming leadership of the Global Treasury Management group in 2001. In that capacity, he was responsible for developing and providing treasury management, payment and international trade solutions to corporate, commercial, institutional and small business clients. He is a graduate of Stanford University, where he earned degrees in economics and political science.
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