The company intends to use the new capital to drive further adoption of its BillMail, BillerExpress, OfferIQ and LoyaltyIQ software-as-a-service platforms. The company has recently acquired OfferIQ, a Metamorphic Ventures portfolio company, in a bid to expand its product range through the addition of paperless couponing and digital loyalty products for retailers.
Transactis provides EBPP (Electronic Bill Presentment and Payment) tools designed to enable banks to electronically distribute invoices and collect payments.
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