Press release

Mastercard Strengthens Bill Payment Services with Acquisition of Transactis

Sponsored by Businesswire

(NYSE: MA) today announced it has entered into an agreement to acquire
Transactis, a platform that helps businesses deliver bills and receive
payments through one simple-to-navigate experience.

In today’s digital age, a surprising 44 percent of the 15 billion bills
that Americans pay each year are made by paper check or cash. Consumers
who pay their bills online do so in a variety of ways, including online
banking applications or biller’s websites.

Transactis’ technology helps companies improve their customers’ bill
payment experience, while reducing inefficiencies associated with paper
bills and checks. It provides access to a flexible digital service that
can be used by even the smallest businesses, such as schools and
property owners, who often don’t support online bill pay.

Transactis distributes its technology through a broad network of bank
and non-bank partners.

“We see Transactis as strengthening our support of the bill payments
space,” said Colleen Taylor, executive vice president of new payment
platforms, North America for Mastercard. “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.”

Redefining Online Bill Pay

Last fall, Mastercard announced Mastercard
Bill Pay Exchange
, a new digital solution that makes it easier for
consumers to view, manage and pay telecom, utility, rent, credit card,
mortgage and other personal bills. The platform allows consumers to use
their existing banking apps to easily set up all billers, receive
notifications when a bill is due, see bill details, and manage multiple
bills in one place including specifying when and how much to pay.

Bill Pay Exchange is offered to banks and credit unions through a core
set of APIs, enabling them to provide this service to their customers
through one easy interaction. While some bill pay services only offer
card or ACH-based payments, Bill Pay Exchange provides the choice of all
payment types – including real-time payments – through the consumer’s
existing online or mobile banking app.

Enhanced Capabilities, Better Experience

With the acquisition of Transactis, Mastercard will now 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 capabilities.

“Mastercard has been a great partner and pushed the industry forward in
this space,” said Joe Proto, Transactis CEO. “Historically, neither the
Bank Bill Pay nor Biller Direct models has delivered the ideal
experience or the complete solution. We see this as a unique opportunity
to bring our complementary technologies together to deliver a better
bill pay experience accelerating the migration of paper bill and checks
to these online channels.”

Terms of the agreement were not disclosed. The transaction is
anticipated to close in the second quarter. Mastercard Bill Pay Exchange
is slated for full launch later in the year.

About Mastercard

Mastercard (NYSE: MA),,
is a technology company in the global payments industry. Our global
payments processing network connects consumers, financial institutions,
merchants, governments and businesses in more than 210 countries and
territories. Mastercard products and solutions make everyday commerce
activities – such as shopping, traveling, running a business and
managing finances – easier, more secure and more efficient for
everyone. Follow us on Twitter @MastercardNews,
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About Transactis

Transactis transforms traditional billing and payment processing with
innovative, reliable, and secure digital solutions. Its advanced
technology simplifies receivables management, and is delivered to market
through banks and service providers that support millions of businesses.
Transactis meets the strictest regulatory and compliance requirements
including HIPAA, SSAE 16, PCI Level 1, and SOC 2. Transactis has
received the Inc. 500 Award, Deloitte Technology Fast 500 Award,
AlwaysOn OnFinance Top 100 Award, Red Herring Top 100 Award, PYMNTS
Innovation Award, PayStream Advisors Innovative Technology Award, and
has been named a ‘Cool Vendor’ by Gartner. Transactis’ investors include
Compound, ff Ventures, MacAndrews & Forbes, Safeguard, StarVest, Capital
One, Fifth Third, PNC, TD and Wells Fargo. For more information, please
visit or follow us on Twitter @TransactisUS.

Forward-Looking Statements

This press release contains forward-looking statements pursuant to the
safe harbor provisions of the Private Securities Litigation Reform Act
of 1995. All statements other than statements of historical facts may be
forward-looking statements. When used in this press release, the words
“believe,” “expect,” “could,” “may,” “would,” “will,” “trend” and
similar words are intended to identify forward-looking statements.
Examples of forward-looking statements include, but are not limited to,
statements that relate to Mastercard’s future prospects, developments
and business strategies, as well as Mastercard’s acquisition and
operation of Transactis’ business. We caution you to not place undue
reliance on these forward-looking statements, as they speak only as of
the date they are made. Except for the company’s ongoing obligations
under the U.S. federal securities laws, the company does not intend to
update or otherwise revise the forward-looking information to reflect
actual results of operations, changes in financial condition, changes in
estimates, expectations or assumptions, changes in general economic or
industry conditions or other circumstances arising and/or existing since
the preparation of this press release or to reflect the occurrence of
any unanticipated events.

Many factors and uncertainties relating to the proposed transaction, our
operations and our business environment, all of which are difficult to
predict and many of which are outside of our control, influence whether
any forward-looking statements can or will be achieved. Any one of these
factors could cause our actual results or the impact of the acquisition
to differ materially from those expressed or implied in writing in any
forward-looking statements made by Mastercard or on its behalf. Such
factors related to the completion and impact of the acquisition include,
but are not limited to, whether all necessary conditions will be met,
and whether the transaction will close on agreed terms and in a timely

For additional information on other factors related to Mastercard’s
overall business that could cause Mastercard’s actual results to differ
materially from expected results, please see the company’s filings with
the Securities and Exchange Commission, including the company’s Annual
Report on Form 10-K for the year ended December 31, 2018, and any
subsequent reports on Forms 10-Q and 8-K.