First USA Paymentech Inc. has acquired Checkfree Corp.'s merchant portfolio. The customers include several Internet service providers, cellular communications companies, utilities, and insurance companies.

Terms of the sale were not disclosed. The 200 merchants affected generated $847 million of volume last year on 42 million credit card and automated clearing house transactions.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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