News from the Wire

Clarus Merchant Services acquires North American Merchant Services

Tuesday, January 17, 2017 — 14:09:16 (EST)

Washington, Jan. 17, 2017 -- CLARUS Merchant Services, registered ISO/MSP of Elavon, has today announced the acquisition of North American Merchant Services out of Asheville, NC. The addition of NAMS to CLARUS is a continuation of the company’s plan for North American expansion. “This no doubt broadens our presence in the merchant services industry and allows us to build upon some excellent banking partnerships brought forth by this acquisition. Moreover, this movement further consolidates us as a benchmark payment provider within the B2B arena,” said Eric Pottebaum, President of CLARUS. “We are excited about the path that lies ahead for CLARUS, for all our clients, and for our partners,” expressed Randy Tillim, CEO and founder of CLARUS.

CLARUS Merchant Service now services over 6000 merchants, including a growing number of Fortune 5000 companies.

About CLARUS

CLARUS Merchant Services (www.clarusdc.com ), founded in 1999, is a payment services provider out of Gaithersburg, MD with offices in Norfolk, VA, Myrtle Beach, SC, Chicago, IL and London, England. CLARUS is dedicated to providing single-platform execution with a full suite of integrated future-proof products, value-added servicing, and in-depth management reporting. CLARUS processes over $8 billion per year and boasts one of the industry’s highest client retention rates.

About NAMS

Founded in 1996 in Asheville, N.C., North American Merchant Services has served over 2,000 customers across the Southeast with sales offices in Pigeon Forge, TN; Charleston, SC and Charlotte, NC. NAMS partners with financial institutions to offer credit card processing services for their existing and potential customers.

About Elavon

Elavon Inc., is a processor of credit card transactions and a subsidiary of U.S. Bancorp. Elavon offers merchant processing in more than 30 countries and supports the payment needs of more than 1,000,000 merchant locations across the globe. Elavon is the 4th largest U.S. credit card processor and is a top 6 acquirer in the European marketplace.

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Source: Company press release.