U.s. Bank National Association

U.S. Bank National Association, through its Corporate Payment Systems Division (doing business as US Bank NA), operates as a prime contractor delivering third-party payment system services, transportation invoice processing, and freight management solutions to federal civilian agencies on a full-and-open, non-set-aside basis. The company is a subsidiary of U.S. Bancorp, a for-profit corporate entity headquartered in Minneapolis, Minnesota, and holds no SBA certifications; it competes as a large commercial banking entity across multiple federal customer agencies without set-aside reserves.

U.S. Bank NA's federal capability portfolio centers on three concrete service lines: third-party payment systems (TPPS) supporting agency reimbursement, voucher processing, and financial reconciliation; transportation invoice pre-auditing and freight payment management; and small parcel and freight shipping logistics coordination. Recent representative work includes a $2.5 million firm fixed-price delivery order from the National Cemetery Administration (Department of Veterans Affairs) through December 2026 for third-party payment services; a $900,000 delivery order from the National Nuclear Security Administration (March 2026 through March 2027) for TPPS services supporting JMC ammunition and explosives shipping; an $850,000 delivery order from the Assistant Secretary for Financial Resources (Department of Health and Human Services) for transportation services running through January 2029; and a $485,000 order from the Bureau of Engraving and Printing (Department of the Treasury) for parcel freight transportation services under GSA's Transportation Management Services vehicle, with completion through December 2026.

Customer concentration is highly fragmented across 31 distinct federal agencies, with the top five customers by award count accounting for only 36% of awards. By potential value, the Department of State Bureau of Administration ($18 million combined potential value, 2 awards) and the Department of Veterans Affairs National Cemetery Administration ($15.8 million combined potential value, 3 awards) anchor the largest-dollar work; the Department of Health and Human Services Office of the Assistant Secretary for Administration contributes $8 million across 5 awards. The award-count leaders—the Department of the Army Nebraska Army National Guard (32 awards, $31 thousand combined potential value) and the Department of the Army (28 awards, $37 thousand combined potential value)—carry minimal dollar value, indicating high-volume, low-value task-order activity typical of Army field purchasing. The Department of Veterans Affairs Veterans Health Administration Veterans Integrated Service Network 2 placed 8 awards worth $45 thousand.

U.S. Bank NA seats on four primary parent vehicles: the GSA Basic Ordering Agreement GS08B13273 (69 task orders, $3.6 million combined potential value), the indefinite-delivery contract HTC71119DD001 (27 task orders, $40.3 million combined potential value), the GSA Basic Ordering Agreement GS05B15328 (34 task orders, $1.9 million combined potential value), and the indefinite-delivery contract W9124306A0002 (60 task orders, $68 thousand combined potential value). The HTC711 vehicle anchors the largest aggregate value, reflecting U.S. Bank NA's role as a standing provider of corporate payment solutions under a multi-agency IDIQ structure.

Activity has been episodic. Over the past five years, awards fluctuated sharply: five awards in 2022, six in 2023, two in 2024, two in 2025, and five through March 2026. The combined potential value across all 224 awards in the source dataset totals $1.05 billion, though only $33.5 million (3% of potential value) has been obligated to date, indicating the portfolio consists largely of delivery orders and task orders with significant unspent ceilings or zero-dollar orders used for administrative purposes. Eight awards carrying $5.8 million in combined potential value complete within the next twenty-four months, exposing that portion to recompete activity. The vendor operates as a prime on 222 of 224 awards (99%), with only two sub-award records (one contract sub to National Government Services, Inc., for Medicare Administrative Contractor banking relations services in May 2022, and one grant sub-award under Louisiana Department of Health's Incentive Program for Re-opening Schools in November 2022).

Service Contract Inventory data captures minimal federal services activity: 12 SCI-reportable prime contracts across FY2022–FY2024, with zero invoiced revenue and zero government-paid hourly rates across those records, and only 10.0 FTEs recorded in FY2024. This zero-revenue posture reflects SCI's reporting threshold of $150,000 and indicates U.S. Bank NA's awards are structured as firm fixed-price delivery orders for payment processing services or freight shipments—commodity and processing work that generates little or no labor-hour component, not time-and-materials or cost-reimbursable service contracts. The company does not appear in the SCI dataset as a subcontractor, and the sub_engagement metric (average sub-hours share across prime contracts) is 0%, indicating U.S. Bank NA delivers these services through its own payment-processing infrastructure and logistics partnerships rather than subcontracting labor-intensive delivery.

The parent company, U.S. Bancorp, also holds awarded federal contract authority and parent-vehicle positions, including seats on GSA schedules and multi-agency IDIQs, though the source does not distinguish which awards roll up to the parent entity versus the subsidiary. U.S. Bancorp maintains a named subsidiary, Elavon, Inc., a separate for-profit entity whose federal role, if any, is not detailed in the source material.