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Five Major Banks just made a move to meet Consumers’ Demands for Digital Bill Payments

big banks invest in electronic billing

Several major banks just made a big move toward meeting consumers’ desires for digital bill payments.

Capital One, Wells Fargo, TD Bank, PNC, and Fifth Third Bank (along with growth capital firm Safeguard Scientifics) have all contributed to the Series E funding round for Transactis, an electronic billing and payment solutions provider. The six entities helped Transactis raise $30 million to bring its total financing to $70 million.

For more on this story visit the following link: Five major banks just made a move to meet consumers’ demands for digital bill payments

Source: Business Intelligence

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