Xcitek’s Winning Spell Continues with U.S. Bancorp Deal

Continuing its run of contract wins, Xcitek has sealed an agreement with U.S. Bancorp, which will use the XcitekSolutionsPlus (XSP) corporate actions processing platform. The multi-year agreement also covers U.S. Bancorp’s use of eTRAN, Xcitek’s web-based module for automated notifications, and access to Xcitek’s corporate actions data. U.S. Bancorp, parent of U.S. Bank, is the eighth largest financial services holding company in the U.S. Dale R. Smith, executive vice president at U.S. Bancorp, said he believes Xcitek’s technology “will enable us to enhance our service commitments, generate higher levels of organizational and operational efficiency, and continually improve our competitive position and performance.” He added that “eTRAN’s web-based tracking tool undoubtedly reduces the manual efforts associated with the elections process.”