 | |
| Company type | Subsidiary |
|---|---|
| Industry | Financial services |
| Founded | 2009 |
| Defunct | 2013 |
| Fate | Amalgamated into US Bank Corporate Payments Group |
| Successor | US Bankcorp |
| Headquarters | , |
Key people | |
| Products | Payment systems Freight payments Freight audit |
Number of employees | 590 (2013) |
| Parent | U.S. Bancorp |
| Website | www |
Syncada was an American global financial supply chain network that offered business-to-business payments in the cloud under the software as a service (SaaS) model.
It was a joint venture between Visa and U.S. Bancorp, Syncada launched in July 2009.[1] U.S. Bank was Syncada's first bank customer. Commerce Bank was the second to join the network in 2010.[2] In March 2011, Citibank became the third bank to use the network.
US Bank has bought back the shares of Syncada from Visa and Syncada was functionalized within US Bank Corporate Payments Group.[3]
- ^ "Visa and US Bank form financial supply chain network". Finextra. July 30, 2009.
- ^ Newmarker, Chri s (October 18, 2010). "Syncada signs on Commerce Bancshares". Minneapolis/St. Paul Business Journal.
- ^ Busch, Jason (September 5, 2013). "Visa Exits Syncada Relationship". SpendMatters.