Announced
Financials
Tags
payment solutions
Payments / Commerce
Private
Acquisition
Pending
United States
Friendly
Majority
Single Bidder
Synopsis
Mastercard, an American multinational financial services corporation, agreed to acquire Transactis, a platform that helps businesses deliver bills and receive payments through one simple-to-navigate experience. Financial terms were not disclosed. "We see Transactis as strengthening our support of the bill payments space. Transactis’ technical and commercial know-how, combined with our reach and comprehensive payment options will greatly simplify the entire process. We’ll be able to deliver a better real-time consumer experience, from sign-up to viewing and paying bills, leveraging the investments that have been made in the core infrastructure," Colleen Taylor, Mastercard executive vice president of new payment platforms, North America.
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