January 18, 2017Blog Posts

Clearent Enters Agreement to Acquire Payment Alliance International’s Merchant Services Division

PRWeb:

Clearent announced that it has entered into a definitive agreement to acquire Payment Alliance International’s (PAI) Merchant Services Division. The acquisition will add a complementary telesales channel, strategic association partnerships, and $4.2 billion in processing volume to Clearent’s portfolio. PAI’s Merchant Services Division is a leading provider of payment processing solutions for businesses, Independent Sales Organizations (ISOs), agents and associations, and has been recognized as the “Independent Sales Organization (ISO) of the Year” by the Electronic Transactions Association (ETA). The company serves more than 17,000 merchants in the U.S.

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