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Payroc Announces Acquisition Of Atlantic Merchant Services

May 10, 2023

Acquiring Company

Payroc

Acquired Company

Atlantic Merchant

Financial ServicesPaymentsFinanceFintechHospitalityE Commerce

Description

Payroc WorldAccess, LLC, (“Payroc”), a global payments leader, has announced the acquisition of Atlantic Merchant Services, LLC, (“Atlantic Merchant” or the “Company”) a full-service merchant processing company based in Raleigh, North Carolina by one of Payroc’s subsidiaries.

Quick answer

Payroc is acquiring Atlantic Merchant, announced May 10, 2023.

How much did Payroc pay for Atlantic Merchant?
The deal value was not disclosed.
What does Payroc do?
Payroc is a high-growth, multi-national payments platform, merchant acquirer, and processing powerhouse processing over $93 billion in annual volume for more than 158,000 merchants.
Who are the decision-makers at Payroc?
Fundz holds 1 contact at Payroc. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Payroc

About

Payroc is a high-growth, multi-national payments platform, merchant acquirer, and processing powerhouse processing over $93 billion in annual volume for more than 158,000 merchants. Founded in 2003, Payroc offers best-in-class sales enablement and merchant processing technology. Payroc enables unified commerce that helps businesses grow faster by delivering proprietary, innovative, and full-service solutions with key card brand network payment sponsorship registrations.

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Frequently asked

Who acquired Atlantic Merchant?

Atlantic Merchant was acquired by Payroc. The deal was reported on May 10, 2023. Payroc is a high-growth, multi-national payments platform, merchant acquirer, and processing powerhouse processing over $93 billion in annual volume for more than 158,000 merchants. Payroc is privately held and operates in Financial Services.

When did Payroc acquire Atlantic Merchant?

Payroc's acquisition of Atlantic Merchant was reported on May 10, 2023. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Atlantic Merchant do?

Headquartered in Raleigh, NC Atlantic Merchant is committed to creating payment processing solutions for every aspect of a business, from B2B to traditional retail and e-commerce. It is privately held, operating in Hospitality.

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