Expanding its reach into the check-guarantee business, National Data Corp. announced that it had acquired all of the stock of Mercantile Systems Inc.
Chicago-based Mercantile was acquired earlier this month for an undisclosed sum. It provides check-guarantee services.
Earlier this year, National acquired another Chicago-based check-guarantee company, Yes Check Services. "This acquisition compliments our line-of-payment systems products and increases our presence and market share in the check-guarantee business," said Kevin C. Shea, executive vice president of integrated-payments systems at National Data.