Transactis and Data Impact Complete Merger
Transactis and Data Impact, providers of electronic accounts receivables solutions, have merged. The combined entity offers a robust suite of business-to-business (B2B) and business-to-consumer (B2C) presentment and payment solutions for billers and the banks that serve them.
“By combining Data Impact and Transactis, we have created a single comprehensive provider that serves the diverse receivables processing needs of both B2C and B2B organisations,” said Transactis chairman and chief executive officer (CEO) Joe Proto. “Collectively, our two growing companies process over US$2bn in payments annually and serve some of the largest banks in North America and their billers. Coupling our e-marketing and e-messaging with payment processing provides exceptional add-on value to consumers, businesses and banks.”
The strategies of both companies are to provide a broad suite of electronic billing, payment and document management tools that address the accounts receivable (A/R) functions of organisations ranging from small and middle-market billers to large, multinational corporations that serve both consumers and businesses. The complementary nature of the two companies’ product lines creates immediate synergies to better serve their existing and growing customer bases.