MasterCard (MA) acquires Truaxis, a California-based company that develops targeted offers to...

|About: MasterCard Incorporated (MA)|By:, SA News Editor

MasterCard (MA) acquires Truaxis, a California-based company that develops targeted offers to consumers who receive them after logging onto a bank's website or mobile application. MasterCard says the acquisition will enable it to provide more meaningful offers, and give merchants and financial institutions access to better sales and customer service. Terms of the purchase weren't disclosed. Shares -0.3% AH.