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. U.S. Bank was Syncada’s first bank customer. Commerce Bank was the second to join the network in 2010. 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.