U.S. Bank Merchant Payment Services announced it has signed a multi-year payment processing agreement with Cabela’s, Inc., the World’s Foremost Outfitter of hunting, fishing and outdoor gear. Based in Sidney, Neb., Cabela’s distributes its products through catalogs, the Internet and seven retail showrooms in the United States.
! U.S. Bank Merchant Payment Services is one of the nation’s top 10 merchant payment processors with over $30 billion in processing volume and 90,000 merchant locations. U.S. Bank will provide Cabela’s with all merchant credit card processing services, in addition to banking services currently provided which include cash management and foreign currency services as well as inventory financing.
“Cabela’s has enjoyed a long relationship with U.S Bank. We selected U.S. Bank because of their commitment to technology and their past support of our business,” said Dave Roehr, vice president of planning and marketing for Cabela’s.
“We are excited to be working with Cabela’s and are pleased they recognize our commitment to technology through industry-leading products such as Merchant CARE, our online reporting system. We look forward to providing them with the best banking services as we build the best bank in America,” said Richard Davis, vice chairman of consumer banking and payment services at U.S. Bank.
Minneapolis-based U.S. Bancorp (NYSE: USB), with assets in excess of $160 billion, is the 8th largest financial services holding company in the United States. The company operates 2,242 banking offices and 5,208 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 is the parent company of Firstar Banks and U.S. Bank. Visit U.S. Bancorp on the web at [http://www.usbank.com] and Firstar Bank at [http://www.firstar.com].
Cabela’s, founded in 1961 is the World’s Foremost Outfitter(R) of hunting, fishing, and outdoor gear. Today, Cabela’s produces over 75 million catalogs each year offering reasonable prices and high quality gear to outdoor enthusiasts in all 50 United States as well as 120 countries around the world. Currently, Cabela’s operates retail showrooms in Sidney and Kearney, Neb.; Owatonna and East Grand Forks, Minn.; Prairie du Chien, Wis.; Mitchell, S.D.; and Dundee, Mich. The Company, which is headquartered in Sidney, Neb., has approximately 6,000 employees. Visit Cabela’s on the web at [http://www.cabelas.com].