Goldman had bought into BluePay, which provides services to merchants in the US and Canada, in 2008.
The Naperville, Illinois-headquartered firm was founded a decade ago and has since expanded to run offices in Chicago and New York.
TA director Roy Burns, who has joined the company’s board of directors, said, “BluePay’s merchant base and processing volumes have grown rapidly as it developed new functionality for its payment acceptance platform and forged integrated payment relationships with hundreds of third-party software providers and developers.
“BluePay’s platform provides merchants with the flexibility, seamless processing, business analytics and advanced data security essential in the expanding payment processing space.
“Today, more than half of BluePay’s revenues are generated through integrated payment channels, and we expect this part of the business to continue its rapid growth.”
TA bought a minority stake in Indian e-payments processing business BillDesk in April last year. The company received backing from General Atlantic in October.
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