TransFirst a Dallas-based provider of transaction processing software and services, has acquired California's Payment Resources International (PRI) for an undisclosed sum.
PRI currently has 7500 merchant contracts and supplies technology for online credit card processing, ACH/cheque conversions, recurring billing and wireless processing.
TransFirst says the acquisition positions the company within the value-added sector of the US payments processing industry.
Thomas Rouse, CEO, TransFirst, adds: "PRI is strategically important to the growth of TransFirst's ISO Services division and the company's commitment to becoming a strong value-added reseller within the payment processing industry."
PRI is TransFirst's second acquisition this quarter - the firm bought Fifth Third Bank Processing Solutions' third party sales merchant division earlier this month. TransFirst says combined, the two acquisitions have more than doubled its size.