Global Payments Puts Up $420M For Payment Processing Co.

Law360, New York (January 24, 2014, 1:11 PM EST) -- Payments processor Global Payments Inc. has reached a deal to pick up Payment Processing Inc., known as PayPros, for $420 million cash as the company looks to expand its reach and distribution network, the company said Friday.

PayPros serves 58,000 small- to medium-size merchants across the U.S. and delivers its services through a network of 1,000 partners, Global Payments said. The business provides complementary services to Global Payments company, Accelerated Payment Technologies Inc., acquired in 2012. The deal is expected to close by the end of...
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