PMT Services Inc., an independent service organization in the merchant processing business, has bought Money Transfer Systems Inc., another such group.

The acquisition of Money Transfer of Clearwater, Fla., adds 5,000 merchant accounts to PMT's rapidly growing portfolio. Nashville-based PMT has bought four independent service organizations since last July, increasing both its merchant account base and its sales staff.

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.