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U.S. Bank tech spend up 12% to $513M

Thread starter Hoca
Start date Mar 11, 2024

Hoca

Administrator

Staff member

Mar 11, 2024

U.S. Bank made digital and operational investments during the fourth quarter as it focused on modernizing payments and technology. The $668 billion, Minneapolis, Minn. bank spent $513 million on technology and communication during Q4, up 12% year over year, according to its Q4 2023 earnings presentation. U.S. Bank is investing in its merchant processing […]

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