As the merchant acquirer industry continues to evolve and consumer use of paperless transactions continue to grow, merchant acquirer companies are looking to differentiate with value-added products and services that capture greater share of market and customer loyalty. Cynergy Data, in its quest to capitalize on such value-based opportunities, has announced that it has acquired the assets of Chicago-based Abanco International. Abanco’s 15,000 merchant portfolio will be serviced by Cynergy Data bringing Cynergy Data’s total merchant customers to a new high of nearly 65,000 merchant accounts.  As a result of the acquisition, Cynergy Data will process $8.0 Billion annually. This makes Cynergy Data one of the 20 largest privately owned merchant acquirers in the U.S. market.

Together, Keystone Processing Solutions and Efficient Forms announce they have entered into an agreement that allows Keystone Processing Solutions and its clients to create and maintain electronic versions of merchant processing application forms.  Clients are merchant processors, financial institutions, independent sales organizations (ISO) and independent sales agents (ISA) who provide credit and debit card processing services to merchants.