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North American Bancard to acquire Total Merchant Services

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Tyler Clifford - North American Bancard Holdings LLC has entered an agreement to acquire Woodland Hills, Calif.-based Total Merchant Services Inc., the Troy-based company announced Wednesday. The deal would give the payment processor supplier the seventh highest number of merchant locations in North America and is expected to process about $50 billion annually, the news release said. NAB processes more than $36.2 billion in transactions annually at more than 250,000 merchants nationwide, while TMS processes

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