Mastercard To Acquire Transactis to Boost Bill Payment Services
May 03 2019 - 9:33AM
Dow Jones News
By Michael Dabaie
Mastercard (MA) agreed to acquire billing and payment processing
digital solutions company Transactis.
Mastercard said the deal will support its efforts to accelerate
growth of Mastercard Bill Pay Exchange, which is slated for full
launch later in the year. Transactis distributes its technology
through bank and non-bank partners.
With the acquisition of Transactis, Mastercard said it will be
able to address bill payment needs in online bank applications as
well as in biller websites with enhanced end user interfaces,
expanded payment options and digital bill presentment.
Mastercard said it didn't disclose terms of the deal, which it
anticipates closing in the second quarter.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
May 03, 2019 09:18 ET (13:18 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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