Transactis
AcquiredNew York, US · 2 known investors
Transactis provides electronic bill presentment and payment software for banks, billers and their business customers.
Also known as Transactis, Inc.
Founders & leadership
Investors · 2
Reported raises · per SEC filings
Form D private placements$40.9M disclosed across 2 of 3 rounds · 2010–2016
▶$30MraisedApr 2016 · 6 investors · Other Banking and Financial ServicesRule 506(b)
- EDWARD TAIBIDirector
- JOHN EYLERDirector
- ALEX REZNIKExecutive Officer
- JOE PROTOExecutive Officer, Director
- STEPHEN ZARRILLIDirector
- MARC MICHELDirector
- PHILIP MOYERDirector
- JAMES CHINDirector
- ANNAMARIE MALARAExecutive Officer
- JAMES FORNARIExecutive Officer, Director
- LIZA BOYD-BENSONDirector
- SCOTT DICKEYExecutive Officer
- Offering amount
- $30M
- Amount sold
- $30M
- Minimum investment
- $5M
- Proceeds to insiders
- $200K
- First sale
- Apr 2016
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$10.9MraisedAug 2014 · 11 investors · Other Banking and Financial ServicesRule 506(b)
- ALEX REZNIKExecutive Officer
- JOHN DICKEYExecutive Officer
- JAMES D FORNARIExecutive Officer, Director
- JOHN EYLERDirector
- EDWARD TAIBIDirector
- MARC MICHELDirector
- JOE PROTOExecutive Officer, Director
- JAMES CHINDirector
- LIZA BOYDDirector
- Offering amount
- $11.5M
- Amount sold
- $10.9M
- Minimum investment
- $50K
- Proceeds to insiders
- $200K
- First sale
- Aug 2014
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Company profile
researched Aug 2026Transactis is a New York City-based financial services technology company that supplies electronic billing, payment and marketing solutions used to present bills and collect payments. Its platform, marketed to banks and their merchant customers, has included the BillMail and BillerExpress software-as-a-service products and the BillerIQ electronic billing and payment solution, alongside virtual couponing and paperless loyalty tools (OfferIQ, LoyaltyIQ) added through acquisition. The company's payment processing engine has also been embedded in third-party offerings, such as ExpressoPay.
The company works with financial institutions and small and medium-sized businesses seeking to move from paper-based billing, payment and coupon transactions to digital equivalents. Named customers have included Chase Paymentech, PNC, Wells Fargo, Elevon and TD Bank. Transactis was reported as founded in 2001 in one account and 2007 in another, and it was originally based in Charlotte, North Carolina before being described as headquartered in New York City. It operates as a small to mid-sized firm with roughly 29 employees and estimated annual revenue in the $10M-$25M range.
Mastercard agreed to acquire Transactis in May 2019 in a deal reported at $57 million, after which Transactis operated as a Mastercard company and contributed to the Mastercard Bill Pay Exchange (BPX) bill presentment and payment service. The business is subsequently described as part of FIS Global.
Founding story
Prior to leading Transactis, chief executive Joe Proto built billing processor Remitco, which he sold to First Data. The management team also included Paul Harkins, former CEO of Instream Media, and Scott Cruikshank, former COO of CyberSource.
Business model
Transactis licenses software-as-a-service billing and payment platforms to banks and billers, which in turn deliver electronic bill presentment, payment collection and related loyalty and coupon capabilities to their own business customers.
Revenue is generated from software-as-a-service billing and payment platforms and payment processing delivered to banks, billers and their customers; estimated annual revenue is $10M-$25M.
Traction
Customers reported include Chase Paymentech, PNC, Wells Fargo, Elevon and TD Bank. The company reported roughly $72 million in prior funding from investors including Capital One, PNC and QED, employs about 29 people and has estimated annual revenue of $10M-$25M.
Latest developments
Following the 2019 Mastercard acquisition, Transactis technology underpinned Mastercard Bill Pay Exchange, launched with partner Nordis Technologies in a December 2021 announcement; the business is later described as part of FIS Global.
▸Full profile — market position, technology, go-to-market, geography, history
Market position
Transactis competes in electronic billing and receivables against payments and billing providers including Fiserv, PayPal, Billtrust, PaySimple, ACI Worldwide, Stripe, Square, Tipalti and Visa. It was named Innovative Receivables Technology of the Year at the 2017 PayStream Advisors Innovative Technology awards for BillerIQ.
Technology
SaaS platforms for electronic bill presentment and payment (BillMail, BillerExpress, BillerIQ) plus a payment processing engine that powers partner offerings, and couponing and loyalty products acquired with OfferIQ. Public web properties use Twemoji, Hammer.js, Modernizr, Google Tag Manager, Google Analytics and Adobe Fonts.
Go-to-market
Distribution runs through banks and financial institutions that resell or embed the platform for their merchant and biller clients, complemented by integration and channel partnerships with receivables and communications technology providers such as DadeSystems, Expresso and Nordis Technologies.
Banks and their merchant clients, billers, and small and medium-sized businesses that need electronic invoice distribution, bill presentment and payment collection, plus retailers using coupon and loyalty products.
Geography
Headquartered in New York City, New York, with earlier operations described in Charlotte, North Carolina; employees are reported across North America and Europe.
History
Founded in the 2000s and initially based in Charlotte, North Carolina, Transactis built out SaaS billing and payment platforms including BillMail and BillerExpress, acquired OfferIQ in September 2010 to add couponing and loyalty products, and raised a $7 million Series B in December 2010 led by StarVest Partners. It was recognized in 2017 for its BillerIQ product, formed partnerships with DadeSystems, Expresso and Nordis Technologies, and was acquired by Mastercard in 2019 before later being associated with FIS Global.
Compiled by commissioned research from 2 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 6
launches, deals, and filingsNordis Technologies partnered with Transactis, a Mastercard company, to help launch Mastercard Bill Pay Exchange (BPX), a digital bill presentment and payments solution.
Expresso is integrated with Transactis' payment processing engine, which powers the ExpressoPay offering.
Mastercard said it entered into an agreement to acquire Transactis to strengthen its bill payment services; the acquisition was reported at $57 million.
$57M source ↗
DadeSystems, a provider of integrated receivables solutions, announced it signed an agreement with Transactis, a provider of electronic billing and payment solutions.
Transactis was named Innovative Receivables Technology of the Year for its electronic billing and payment solution BillerIQ at the eighth annual PayStream Advisors Innovative Technology awards.
Transactis acquired fellow Metamorphic Ventures portfolio company OfferIQ, adding virtual couponing and paper-free loyalty solutions for retailers to its product suite.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 2
primary sources listed
2 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Transactis do?
- Transactis provides electronic bill presentment and payment software for banks, billers and their business customers.
- Who are Transactis's investors?
- Transactis's investors include Ff Venture Capital, Runway Venture Partners.
- How much funding has Transactis raised?
- Transactis has disclosed $40.9M raised across 2 of its 3 known rounds.
- Where is Transactis headquartered?
- Transactis is headquartered in New York, US.