Optimal Payments to acquire National Processing Services LLC

Monday 21 June 2004 09:50 CET | News

Optimal Payments has entered into an agreement to acquire Detroit, Michigan-based National Processing Services LLC (NPS).

Optimal Payments is wholly-owned by Optimal Group. The acquisition is subject to certain customary conditions, and is expected to close on July 1st, 2004. All amounts are in U.S. dollars. NPS portfolio, and 2 other portfolios that will be merged into NPS prior to closing, will have approximately 4,500 small merchant accounts that generate in excess of $1 billion in annual credit and debit card processing volume.

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Categories: Payments & Commerce | Payments General
Countries: World
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