Elavon Financial Services Limited is a member of a group made up of U.S. Bancorp and its subsidiaries. Headquartered in Minneapolis, Minnesota, U.S.A., U.S. Bancorp is the sixth largest financial holding company in the United States. U.S. Bancorp provides a full range of financial services, including lending and depository services, cash management, foreign exchange and trust and investment management services. It also engages in credit card services, merchant and ATM processing, mortgage banking, insurance, brokerage, leasing and investment banking. At December 31 2005 U.S. Bancorp had total assets of $209 billion.

The Group’s activities in the Europe are principally focused on the provision of Merchant Payment Services in respect of card transactions to financial institutions and merchants and Corporate Payment Systems to merchants, fleet enterprises and multinational corporations and governments with complex payment processing needs.

Merchant customers span most areas of economic activity, including retail, hotel, restaurant, entertainment, fuel, call centre, internet and government.

Corporate Payment Systems encompass a range of products from commercial aviation fuelling cards to a proprietary internet-based B2B supply chain management tool.