National Processing Inc. has closed a $25 million sale of its freight services and corporate payables business lines to Investment Services International Co., a privately held merchant banking firm in Washington, D.C.

A loss on the sale was included in a charge taken by National Processing in the first quarter.

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.