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US Bank: Acquire Bento Technologies

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US Bank: Acquire Bento Technologies

  • US Bank provides a broad range of services including retail brokerage, investment advisory services, and insurance
  • Acquire Chicago-based debit card-based spend management firm Bento Technologies for an undisclosed amount
  • The acquisition is part of the Bank’s ambition to bring payments and banking services together to simplify cash flow
  • Bento’s accounts payable-based software complements the bank’s existing Elavon and talech accounts receivable software
  • Expense management tools from Bento Technologies will blend well with the other services offers businesses
  • The focus is to provide customers with the digital capabilities they need to manage their finances from anywhere
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