After 20 years as his own boss, check-guarantee entrepreneur John D. Chaney has exchanged independence to run a company twice the size of his former business.

Mr. Chaney, 42, used to run the biggest franchise of TeleCheck, which provides payment services such as check guarantee and check verification to retailers and new-account screening for banks. Known as Payment Services Co.-U.S. of Houston, Mr. Chaney's operation in the South and Midwest was responsible for more than 40% of TeleCheck's business.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.