Arange of financial services firms, payment processors and fintech providers are set to exit the electronic billing software producer in an acquisition by Mastercard.

Payment services provider Mastercard has agreed to acquire Transactis, the US-based electronic billing and payment software provider for an undisclosed amount, with a host of corporates set to exit. Founded in 2003, Transactis supplies software that allows companies and financial institutions to digitalise paper statements, invoices, payments and documents. Mastercard will add the technology to its…

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