American Banknote Corp. said it has bought Transtex, the leading supplier of transaction cards in Argentina, Chile, Uruguay, and Paraguay.

Certified by both MasterCard and Visa, the company had more than $12 million of sales in the fiscal year that ended last September.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.