DALLAS - First USA Inc. said it has completed its previously announced acquisition of MAGroup Inc., a provider of credit card processing services to retailers.
The stock transaction was valued at approximately $10.5 million.
MAGroup, which is privately held and has 6,000 merchant clients, will retain its name, employees, and base in Tucson, Ariz. It will become part of First USA Merchant Services Inc., a subsidiary of First USA Inc. T& company also owns First USA Bank, a credit card issuer based in Wilmington, Del.
