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MA MasterCard Incorporated

461.00
2.13 (0.46%)
18 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
MasterCard Incorporated NYSE:MA NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  2.13 0.46% 461.00 461.685 458.11 460.45 1,985,605 01:00:00

Mastercard To Acquire Transactis to Boost Bill Payment Services

03/05/2019 2:33pm

Dow Jones News


MasterCard (NYSE:MA)
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From May 2019 to May 2024

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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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