PMT Services Inc. announced at the end of March that it is acquiring its third merchant portfolio of the year - and the second in a month.
Specific terms of the agreement were not announced, but a release said the portfolio has 7,000 accounts and represents a charge volume of $300 million.
The latest acquisition expands the independent service organization's portfolio base to 82,000.
"It represents the ongoing consolidation opportunities within our marketplace and PMT's ability to assimilate these quickly and efficiently within our customer service structure," said chairman and chief executive Richardson M. Roberts.
"We are well-capitalized and poised both through our capital structure and our deal flow within our pipeline to continue making acquisitions."