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Mastercard acquires electronic payments company Transactis

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Mastercard acquires electronic payments company Transactis

Mastercard Inc. has acquired the Safeguard Scientifics Inc. partner firm Transactis Inc.

Safeguard has invested about $14.5 million in Transactis since August 2014. It received total cash proceeds of approximately $57 million, which does not include immaterial amounts that are potentially receivable at a later date, the company said.

Transactis is a New York-based electronic billing and payments company.