Payments Moves & Mergers

Cayan, a payment technology company, has announced its acquisition of Card Payment Services, a payments processing company specializing in the waste removal vertical.

ControlScan Inc., a PCI compliance and security company, and EchoSat Inc., a payments security provider, are merging to allow the companies to more effectively serve the compliance and security needs of their combined client base. The combined organization will operate under the ControlScan name, and will maintain its headquarters in Alpharetta, Georgia. Mark Carl, CEO of EchoSat, will be the CEO of the combined organization.

First Data Corporation and CardConnect Corp. have entered into a definitive merger agreement for First Data to acquire all of the outstanding shares of common stock of CardConnect. “This transaction is consistent with our strategy of integrating and scaling innovative technologies across our distribution footprint to better serve our partners and customers,” said First Data Chairman and CEO Frank Bisignano.

iPayment Inc., a provider of payment and processing solutions for small and medium-sized businesses, has hired Timothy Stahl as vice president, risk. Stahl will be responsible for establishing critical strategic capabilities for the organization.

North American Bancard Holdings, a payment solutions provider, has announced an agreement to acquire Total Merchant Services, a payments solutions provider to small and medium businesses. The combined entity will be the seventh largest processor in terms of merchant locations in North America, processing nearly $50 billion annually, according to press statements.

Payroc LLC, a merchant services and payment processing organization, has acquired the assets of payment gateway and merchant account provider The iTransact Group LLC. The transaction will add 300 advisor referral partners and 6,000 merchants with more than $1.3 billion in annual processing volume to Payroc’s business, according to a press release.