Lange will serve as senior vice president and Payments: Merchant and Institutional (PMI) sales group head for the Technology, Transportation, Consumer and Hospitality sectors within U.S. Bank’s Institutional Client Group (ICG), according to the release.
The release highlighted Lange’s experience helping large companies tackle payments and treasury challenges, her understanding of clients’ evolving needs and her ability to help U.S. Bank deepen its relationships across several growth sectors.
Lange joins U.S. Bank with more than 18 years of experience in payments and treasury services. She most recently led Citi’s Payments & Liquidity Product Sales group, where she advised Fortune 500 and multinational companies on payments and working capital, the release said.
Before that, Lange held leadership roles in Citi’s commercial cards business and spent three years with Deutsche Bank’s Global Transaction Banking division, where she advised multinational corporations on global cash management, per the release.
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Lange said in the release that companies are looking for better ways to manage payments and to keep up with customers’ changing expectations.
“[U.S. Bank] has deep relationships across technology, transportation, consumer and hospitality sectors,” Lange said. “We’re focused on building that foundation to help clients navigate a rapidly changing payments landscape.”
PYMNTS reported in July that payments emerged as one of the clearest storylines when U.S. Bancorp reported record quarterly income of $7.7 billion.
U.S. Bancorp’s payment services revenue rose 5.7% year over year to $1.8 billion, or about 23% of total company revenue.
“Our payments franchise remains an important source of diversification and client engagement across the company,” U.S. Bancorp Chairman and CEO Gunjan Kedia said when reporting the second quarter results.
Peter Geronimo, executive vice president and head of PMI sales distribution at U.S. Bank, told PYMNTS in May that while banks used to design payments infrastructure around their own systems and invite clients to connect, the direction has now reversed.
“Now it’s shifting to how should the bank fit into how the client operates,” Geronimo said.
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