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
