May 18, 2017Blog Posts

North American Bancard Buys Total Merchant Services As Acquirer Consolidation Continues

Digital Transactions:

Two powerhouse independent sales organizations are joining together. North American Bancard Holdings LLC is buying Total Merchant Services Inc. for an undisclosed amount. Woodland Hills, Calif.-based TMS processes more than $12 billion in annual transactions, which when added to NAB will result in more than $50 billion in annual processing volume for the combined organization, NAB says. The deal is expected to close by June 30.

 

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