Payroc Acquires Independent Sales Organization Gateway Payments
Mastercard Incorporated (MA)
Last mastercard incorporated earnings: 4/29 08:00 am
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Source: PR Web
TINLEY PARK, Ill. (PRWEB) April 22, 2020 Payroc, LLC, a high-growth merchant acquirer, processor and payment facilitation powerhouse, today announced it has acquired the assets and operations of independent sales organization Gateway Payments, LLC. Gateway Payments, with its principal sales office in Destin, Fla., serves merchants in Destin, Pensacola, New Orleans and other high-growth gulf coast markets. The company's customers and sales personnel are welcome additions to Payroc's rapidly growing merchant portfolio and sales organization. The transaction closed Feb. 28. Terms of the deal were not disclosed. "Payroc is growing quickly, both organically and through acquisitions," said James Oberman, chief executive officer for Payroc. "With a focus on earning payment processing business from small and midsize merchants by offering the latest technologies, transparent pricing, interchange education and above-and-beyond service, Gateway Payments is a natural addition to our business," a
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