Payment Alliance International has announced the acquisition of the merchant processing business of Comdata Processing Systems.
According to a news release from PAI, the acquisition includes 5,000 merchant locations throughout the United States
John J. Leehy III, CEO of PAI, said "the CPS team has built wonderful relationships with an impressive list of regional and national clients. We couldn't be more pleased with the transaction and are looking forward to making all the PAI payment programs available to those customers."
CPS operations are located in Louisville , Ky. , and Brentwood Tenn. PAI will retain the majority of CPS personnel to ensure stability and continuity in daily operations. Current CPS clients will now have access to the entire array of PAI products and services.
PAI serves more than 60,000 customers and 600 market partners in the United States
