Message #4 From:
NewsBot Date: October 31, 2006 06:47:00 AM
ACS News ACS Adds U.S. Bank as Custodial Choice for HSA Partners and Clients
MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bank announced today that its U.S. Bank Health Savings Account
(HSA) Solution will be offered by Affiliated Computer Services, Inc.
(NYSE:ACS) as an additional custodian option as part of the ACS HSA
SolutionTM product.
The U.S. Bank Health Savings Solution will leverage the HSA market
leadership of ACS. Currently, the ACS HSA Solution is distributed
through more than 55 national and regional leaders in health care
benefits, as well as directly to individual employers representing
numerous FORTUNE 500 companies.
The U.S. Bank option features:
a portfolio of investment options from multiple, name-brand fund
families;
web-based consumer healthcare support tools;
check and debit card payment capabilities;
a dedicated customer service call center and IVR; and
industry-leading employee communication and enrollment materials.
“This partnership is the culmination of much
joint discussion in determining what will best serve the marketplace –
quality custodial ‘choice’
for employers and employees,” said Daniel
Kelly, senior vice president for U.S. Bank Institutional Trust &
Custody, and manager of U.S. Bank Health Savings Solution. “U.S.
Bank has more than 100 years of custodial experience, and this
arrangement with ACS provides a substantial distribution channel for
that expertise.”
“We are pleased to provide our clients with a
second, premier national custodian. U.S. Bank offers a recognized
institutional HSA product, broad local and national market presence and
an industry-leading service guarantee,” said
Gregg Larson, ACS principal and national HSA product leader.
ACS, a global FORTUNE 500 company with more than 55,000 people
supporting client operations reaching nearly 100 countries, provides
business process outsourcing and information technology solutions to
world-class commercial and government clients. The Company’s
Class A common stock trades on the New York Stock Exchange under the
symbol “ACS”. ACS
makes technology work. Visit ACS on the Internet at www.acs-inc.com.
U.S. Bancorp (NYSE:USB), with assets of $217 billion, is the 6th
largest financial services holding company in the United States. The
company operates 2,462 banking offices and 4,943 ATMs in 24 states, 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 U.S.
Bank. Visit U.S. Bancorp on the web at www.usbank.com.
