MasterCard International Inc. and National Data Corp. said Thursday that they will combine their transaction processing businesses to be more competitive against other industry giants.

They have agreed to form a new company, Global Payment Systems, that will be majority-owned by National Data, an Atlanta-based computer services company with a long history of processing financial transactions.

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.