Today, we are excited to share with you that we are ending one chapter—a journey in which we grew with you, our customers and partners—and beginning an exciting new one. U.S. Bancorp has entered into a definitive agreement to acquire TravelBank.  U.S. Bancorp is the parent company of U.S. Bank, an industry leader in delivering innovative payment solutions. With U.S. Bank at the forefront in delivering tailored solutions to provide businesses more confidence, control and convenience in managing payments and expenses, we’re really excited about the value this acquisition will deliver for our customers. The acquisition comes on the heels of a year-long, fruitful partnership in which we integrated the U.S. Bank Instant Card™ directly into the TravelBank application to provide an all-in-one virtual card, expense and travel management solution. The partnership made it simple for businesses to provision virtual corporate cards, control and track spend in real time, and earn market-leading card spend rebates, while providing employees with safe and convenient contactless payment options, all integrated within TravelBank’s award-winning expense and travel management platform.
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