Home Merger & Acquisitions First Data, North American Bancard Each Complete Major Payment Acquisitions
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First Data, North American Bancard Each Complete Major Payment Acquisitions

At the end of May, First Data announced they had reached agreement to acquire another large, publicly traded payment processor, CardConnect, for $750 million. This occurred just two weeks after the privately held North American Bancard Holdings LLC agreed to acquire Total Merchant Services Inc., for an undisclosed amount, to become the 7th largest processor by merchant locations in North America.

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