JetPay has acquired ACI Merchant Systems, a US-based debit and credit card processing company.
The combined company will process about $20bn in payments for approximately 14,000 businesses throughout the US.
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Established in 2004 by Michael Collester, ACI provides debit and credit card processing services in partnership with banks, credit unions, and other financial institutions, as well as industry associations and others.
Bipin Shah, chairman and CEO of JetPay, said: "We are excited about having Mike Collester and his team at ACI join the JetPay family. I have known Mike for many years and have always admired his leadership ability to grow an organization and provide valued and innovative solutions to his customers.
"The financial institution delivery channel is one of the core strategic pillars of JetPay, and ACI will not only help us to expand our debit and credit card processing reach, but will also provide an excellent customer base and channel to offer our payroll and prepaid card services."
The acquisition is anticipated to be immediately accretive.
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