U.S. Bank Offers Auto Dealers Free Online Access To Wholesale Floorplan Loan Information

ATLANTA, GA May 21, 2004 -โ€" U.S. Bank (NYSE:USB), a leading global financial services firm, today announced a major application deployment in its automotive wholesale floorplan division. U.S. Bank signed with DataScan Technologies, LLC to implement the Wholesale Management System (WMS) and the Dealer Access System (DAS), the Internet-based technology for secure dealer access to floorplan loan information. DataScan will host the systems in its secured headquarters in Alpharetta, Georgia via its Application Service Provider (ASP) Solution.



DAS is the first application of its kind in the industry offering online wholesale floorplan functionality for the dealer population with access via the Internet. U.S. Bank's auto dealers will have instant access to request funding for new loans, make payments, print reports and billing statements, and inquire about other floorplan loan information.







โ€œWe're excited about being able to offer our dealers DAS,โ€ said Mike Rogers, manager of Dealer Commercial Services, U.S. Bank.



โ€œNot only will it strengthen our relationship with our dealer body, but it will streamline productivity and save us thousands of manual-entry hours a year.โ€







Tom Martin, president and CEO of DataScan Technologies added, โ€œU.S. Bank has been a valued client using our Nationwide Audit Services since 1994. By expanding our relationship and deploying our products via our ASP model, U.S. Bank will step ahead of its lending competition by offering dealers this competitive edge.



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U.S. Bank will go live in August 2004.







About U.S. Bank



U.S. Bancorp (NYSE:USB), with assets of $192 billion, is the 7th largest financial services holding company in the United States. The company operates 2,275 banking offices and 4,472 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 home of the Five Star Service Guarantee which assures customers of certain key banking benefits and services or customers will be paid for their inconvenience.



U.S. Bancorp is the parent company of U.S. Bank. Visit U.S. Bancorp on the web at usbank.com.







About DataScan Technologies



DataScan Technologies is headquartered in Alpharetta, Georgia and is a pioneer in Wholesale Finance and Accounting Systems and Risk Management Services since 1989, specializing in Floorplan Solutions. DataScan strives to revolutionize the way banks and captive financial institutions manage their collateral, allowing them to work more effectively with quick, secure Internet access.



DataScan's first-to-market dealership Internet solution for wholesale financial institutions offers closer electronic communications between the lender and the dealer. DataScan also offers professional floorplan field audit services throughout the U.S. with Nationwide Audit Services (NAS). DataScan Technologies can be found on the Internet at datascantech.com.







Contact: Matt Powell



DataScan Technologies Media Relations



(800) 767-7226



info@datascantech.com