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Kristy Carstensen takes over as leader of U.S. Bank Global Treasury Management

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U.S. Bank has appointed Kristy Carstensen as the new leader of its Global Treasury Management business and prepaid card organization. Carstensen, a five-time American Banker Most Influential Women in Payments honoree, will oversee comprehensive treasury management and payment solutions for business, government, and institutional clients. With 13 years at U.S. Bank, including her role as CFO of Payment Services, Carstensen brings extensive experience to the position. The bank's Global Treasury Management offers products and services to optimize payments, enhance reporting, improve liquidity, and mitigate risk. U.S. Bank was a pioneer in instant payments, participating in the first RTP Network® payment and FedNow® Service launch.

U.S. Bank ha nominato Kristy Carstensen come nuovo leader della sua divisione Global Treasury Management e dell'organizzazione delle carte prepagate. Carstensen, insignita cinque volte come una delle donne più influenti nei pagamenti da American Banker, supervisionerà la gestione completa della tesoreria e le soluzioni di pagamento per clienti aziendali, governativi e istituzionali. Con 13 anni di esperienza in U.S. Bank, compreso il suo ruolo come CFO dei Servizi di Pagamento, Carstensen porta con sé un'ampia esperienza per questo incarico. La divisione Global Treasury Management della banca offre prodotti e servizi per ottimizzare i pagamenti, migliorare la reportistica, aumentare la liquidità e ridurre il rischio. U.S. Bank è stata pioniera nei pagamenti istantanei, partecipando al primo pagamento della rete RTP® e al lancio del servizio FedNow®.

U.S. Bank ha designado a Kristy Carstensen como la nueva líder de su negocio de Global Treasury Management y de la organización de tarjetas prepagadas. Carstensen, reconocida cinco veces como una de las mujeres más influyentes en pagos por American Banker, supervisará la gestión integral de tesorería y las soluciones de pago para clientes empresariales, gubernamentales e institucionales. Con 13 años en U.S. Bank, incluyendo su rol como CFO de Servicios de Pago, Carstensen aporta una experiencia extensa al cargo. Global Treasury Management de la banca ofrece productos y servicios para optimizar pagos, mejorar la elaboración de informes, aumentar la liquidez y mitigar riesgos. U.S. Bank fue pionera en pagos instantáneos, participando en el primer pago de la red RTP® y en el lanzamiento del servicio FedNow®.

U.S. BankKristy Carstensen을 새로운 Global Treasury Management 사업 및 선불 카드 조직의 리더로 임명했습니다. Carstensen은 American Banker에서 5회에 걸쳐 지급에서 가장 영향력 있는 여성으로 선정된 바 있으며, 기업, 정부 및 기관 고객을 위한 종합적인 재무 관리 및 결제 솔루션을 감독합니다. U.S. Bank에서 13년의 경력을 쌓은 Carstensen은 결제 서비스의 CFO 역할을 포함하여 이 직위에 풍부한 경험을 제공합니다. 은행의 Global Treasury Management는 지급 최적화, 보고 개선, 유동성 향상 및 위험 완화를 위한 제품과 서비스를 제공합니다. U.S. Bank는 즉각 결제의 선구자로, 최초의 RTP 네트워크® 결제 및 FedNow® 서비스 출시에 참여했습니다.

U.S. Bank a nommé Kristy Carstensen nouvelle responsable de son activité de Global Treasury Management et de son organisation de cartes prépayées. Carstensen, honorée cinq fois comme l'une des femmes les plus influentes dans les paiements par American Banker, supervisera la gestion complète de la trésorerie et les solutions de paiement pour les clients commerciaux, gouvernementaux et institutionnels. Avec 13 ans d'expérience chez U.S. Bank, y compris son rôle en tant que CFO des Services de paiement, Carstensen apporte une vaste expérience à ce poste. La division Global Treasury Management de la banque propose des produits et services pour optimiser les paiements, améliorer les rapports, accroître la liquidité et atténuer les risques. U.S. Bank a été pionnière dans les paiements instantanés, participant au premier paiement du réseau RTP® et au lancement du service FedNow®.

U.S. Bank hat Kristy Carstensen zur neuen Leiterin ihres Global Treasury Management-Geschäfts und der Organisation für Prepaid-Karten ernannt. Carstensen, die fünfmal als eine der einflussreichsten Frauen im Zahlungsverkehr von American Banker ausgezeichnet wurde, wird die umfassende Treasury-Management- und Zahlungslösungen für Unternehmen, Regierungen und institutionelle Kunden leiten. Mit 13 Jahren bei U.S. Bank, einschließlich ihrer Rolle als CFO der Payment Services, bringt Carstensen umfassende Erfahrung in diese Position ein. Das Global Treasury Management der Bank bietet Produkte und Dienstleistungen zur Optimierung von Zahlungen, Verbesserung des Berichtswesens, Steigerung der Liquidität und Risikominderung. U.S. Bank war ein Pionier im Bereich der Sofortzahlungen und war am ersten Zahlungsvorgang des RTP-Netzwerks® und am Start des FedNow®-Services beteiligt.

Positive
  • Appointment of an experienced leader with 13 years at the company
  • Strong presence in instant payments technology with RTP Network and FedNow participation
  • Comprehensive suite of treasury management and payment solutions
Negative
  • None.

Insights

This management change, while notable, is unlikely to have immediate material impact on USB's financial performance or stock value. The appointment continues U.S. Bank's established trajectory in treasury management and payments services, rather than signaling a strategic shift. Carstensen's internal promotion after 13 years with the bank, including her role as CFO of Payment Services, suggests operational continuity.

The bank's positioning in instant payments through RTP Network® and FedNow® participation remains unchanged. While treasury management is a key revenue stream for USB, this leadership transition represents normal succession planning rather than a catalyst for significant business transformation.

Five-time American Banker Most Influential Women in Payments honoree will also lead bank’s prepaid card business

MINNEAPOLIS--(BUSINESS WIRE)-- U.S. Bank announced Kristy Carstensen as the new leader of its Global Treasury Management business. In this position, Carstensen heads the unit that provides comprehensive treasury management and payment solutions to the bank’s business, government and institutional clients. In addition to Global Treasury Management, Carstensen will also oversee the bank’s prepaid card organization.

“Kristy’s leadership has been instrumental in our ability to continually improve the payment experience for our clients and their customers,” said Shailesh Kotwal, vice chair of Payment Services, U.S. Bank. “Global Treasury Management is at the center of our efforts to deliver interconnected banking and payment solutions to help our clients operate more efficiently. Kristy is well-positioned to drive this forward.”

Carstensen has held many leadership roles in her 13-year U.S. Bank career, including CFO of Payment Services, one of the bank’s three core revenue lines. Earlier this year, she was named to American Banker’s Most Influential Women in Payments for the fifth time.

“The payments industry is at a pivotal moment. The clients we serve are all in the midst of major transformation and are looking for payment technology and innovation to deliver efficient, simple, secure and seamless payment execution to and from customers, employees and vendors,” said Carstensen. “We’re going to work every day to make sure we are consulting with our clients and delivering the solutions they need to elevate efficiency, reduce risk and improve experiences throughout the payments process.”

U.S. Bank Global Treasury Management provides a full suite of products and services to optimize payments and cash flow, enhance reporting and liquidity, mitigate risk and meet customers on their own terms. A leader in instant payments, U.S. Bank was part of the first payment on the RTP Network® and a launch partner of the FedNow® Service. The bank’s payables products help clients send payments in a way that drives down administrative costs and controls spending. The receivables products process payments and simplify operations with automation to access funds quicker.

About U.S. Bank

U.S. Bancorp, with more than 70,000 employees and $686 billion in assets as of September 30, 2024, is the parent company of U.S. Bank National Association. Headquartered in Minneapolis, the company serves millions of customers locally, nationally and globally through a diversified mix of businesses including consumer banking, business banking, commercial banking, institutional banking, payments and wealth management. U.S. Bancorp has been recognized for its approach to digital innovation, community partnerships and customer service, including being named one of the 2024 World’s Most Ethical Companies and Fortune’s most admired superregional bank. Learn more at usbank.com/about

Todd Deutsch, U.S. Bank Public Affairs & Communications

todd.deutsch@usbank.com

Source: U.S. Bancorp

FAQ

Who is the new leader of U.S. Bank (USB) Global Treasury Management?

Kristy Carstensen has been appointed as the new leader of U.S. Bank Global Treasury Management and will also oversee the bank's prepaid card organization.

What services does U.S. Bank (USB) Global Treasury Management provide?

U.S. Bank Global Treasury Management provides treasury management and payment solutions, including payables and receivables products, reporting, liquidity management, and risk mitigation services for business, government and institutional clients.

What payment networks is U.S. Bank (USB) participating in?

U.S. Bank was part of the first payment on the RTP Network® and served as a launch partner of the FedNow® Service, demonstrating its leadership in instant payments.

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