COF - Mastercard Agrees To Acquire Transactis For Billing & Payment Tech
Quick Take
Mastercard (MA) announced it has agreed to acquire Transactis for an undisclosed amount.
Transactis enables businesses to accept payments and bill customers online through its BillerIQ platform.
With the acquisition, Mastercard will integrate Transactis’ technology into its Bill Pay Exchange, which will be launched in full later in 2019.
Target Company
New York-based Transactis was founded in 2007 to enable businesses to provide a branded Electronic Invoice/Bill Presentment and Payment [EIPP/EBPP] solution that allows customers to view bill details, make a payment or set a recurring payment.
Management is headed by