NEW YORK - MasterCard International announced its electronic bill payment processing unit, known as the Remittance Processing Service, is having its busiest year so far.

The unit processed more than 4 million consumer bill payment transactions worth more than $1.2 billion in the first third of the year. The number of transactions is 70% higher than a year ago.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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