May 17, 2017Blog Posts

North American Bancard Holdings and Total Merchant Services Announce Agreement for the Acquisition of Total Merchant Services

PR Newswire:

North American Bancard Holdings, LLC (NAB), a multi-faceted and award-winning payment solutions provider, and Total Merchant Services, Inc. (TMS) announced today their agreement pursuant to which NAB will acquire TMS. The combined entity will be the 7th largest processor in terms of merchant locations in North America, processing nearly $50B annually. “We are ecstatic about this acquisition,” said Marc Gardner, president and CEO at North American Bancard Holdings, LLC. “TMS has been an industry staple for more than 20 years and has a history of providing its clients premier business solutions with a strong focus on ease, affordability and customer service. It is these traits that made this acquisition a strategic fit for us.”

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