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U.S. Bank invests in digital payments in Q3

Bank’s tech spend increased 20% YoY to $511M

Whitney McDonaldbyWhitney McDonald
October 18, 2023
in Payments
Reading Time: 3 mins read
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U.S. Bank invested in digital capabilities within its payments business during the third quarter of 2023 as it shifted toward a more tech-led revenue approach.  Tech spend at the $668 billion bank was up 20% year over year to $511 million, according to the bank’s Q3 earnings presentation.  “Within payments services, we continue to invest […]

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Tags: digital paymentsearningsmergers and acquisitions (M&A)PremiumU.S. Bank
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