financial services founded 2009 headquarters at & t tower minneapolis mn u.s. key people kurt schneiber ceo bill henneman cfo liz fortier chief legal counsel kay labare cio kathleen nugent global head of product solutions craig bongart global head of relationship management cedric bru global head of sales marketing & business development mary jo jordan chief customer officer laura warner director of human resources products payment systems freight payments freight audit website syncada.com syncada is a global financial supply chain network that offers business to business payments in the cloud under the software as a service saas model . a joint venture between visa and u.s. bancorp syncada launched in july 2009 . 1 u.s. bank was syncada s first bank customer . commerce bank was the second to join the network in 2010 . 2 in march 2011 citibank became the third bank to use the network . however us bank has bought back the shares of syncada from visa and syncada is being functionalized within us bank corporate payments group 3 contents 1 history 2 management 3 products and services 4 references history edit syncada s creation stems from powertrack an online platform for invoice processing payment and trade financing launched by u.s. bancorp in 1997 . in 2009 u.s. bancorp divested powertrack 4 in order to create with the support of visa syncada became an independent b2b payment network offered by banks to clients for processing paying and financing invoices . syncada s solution is offered by the following banks citi integrated freight processing powered by syncada 5 commerce bank control pay electronic invoice presentment and payment powered by syncada 6 elavon freight payment powered by syncada us bank freight payment powered by syncada management edit in january 2010 syncada named 7 kurt schneiber chief executive officer . he joined from fortent an anti money laundering software provider where he was president . he received recognition 8 as one of treasury & risk s most influential people in finance for 2011 . schneiber also has prior experience at citi . in september it named 9 kay labare chief information officer . products and services edit syncada offers a suite of products 10 that support the financial supply chain . in august 2011 it processed 2b in payments . 11 references edit visa and us bank form financial supply chain network . finextra . newmarker chris 18 october 2010 . syncada signs on commerce bancshares . minneapolis st. paul business journal . . spendmatters http spendmatters.com 2013 09 05 visa exits syncada relationship . missing or empty title help what is syncada and what happened to powertrack . daycos news . citigroup s global reach helps validate syncada s model . american banker . newmarker chris 18 october 2010 . syncada signs on commerce bancshares . minneapolis st. paul business journal . news release syncada names kurt schneiber chief executive officer pdf . news release syncada ceo kurt schneiber named one of treasury & risk s top 100 most influential people in finance of 2011 pdf . news release syncada names kay labare as new chief information officer pdf . linkedin company overview . news release syncada processes record 2 billion in payments during august 2011 pdf . retrieved from https en.wikipedia.org w index.php title syncada & oldid 739605516 categories financial services companieshidden categories pages with citations lacking titlespages with citations having bare urlspages using infobox company with unsupported parameters navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 15 september 2016 at 18 40 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view