IPayment Acquires First Data Portfolio

Published on:
12 September 2006 at 10:18 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00004488-ipayment-acquires-first-data-portfolio/

IPayment Inc., a provider of credit and debit card payment services, on Tuesday said it purchased a portfolio of contracts from First Data Corp.’s Merchant Services unit for $130 million cash.

The acquisition of 25,000 small merchant contracts representing about $9 billion to $10 billion in annual charge volume is effective Friday.

For this complete story, please visit IPayment Acquires First Data Portfolio.

IPayment Acquires First Data Portfolio

Unknown Author

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