CheckRite, one of the nation's largest Verification companies, was acquired by National Data Corporation. National Data Corporation and Data Broadcast Corporation announced a definitive agreement under which NDC will acquire substantially all of the assets of DBC's check services business, CheckRite. The details of the acquisition have not been announced.
Mike Egan, executive vice president of CheckRite, stated, "This continues our long-standing relationship with NDC and will expand the products and services that we can offer our customers."
"This transaction complements our existing check services business," said Tom Dunn, NDC's general manager of Integrated Payment Systems. "It expands our range of services and product offerings, as well as our geographic reach, in a business that continues to perform very well for us."
CheckRite, based in Salt Lake City, currently serves approximately 35,000 merchants. The company will operate within NDC's Payment Systems line of business and will remain in Salt Lake City.
