Founded in 1995 as ACS Merchant Services by the senior management team of one of the nation's top 15 payment processing companies, the company changed its name to TRANSFIRST as part of a recapitalization in 2000 by GTCR Fund VII. In May 2007, Welsh, Carson, Anderson & Stowe acquired TRANSFIRST from GTCR.

Growth Strategy
In early 2000, TRANSFIRST announced plans to acquire market share and additional expertise in the most attractive sectors of the transaction processing industry. With Welsh, Carson partnering with TRANSFIRST, the company plans to continue to grow organically and through strategic mergers and acquisitions over time.

To date, TRANSFIRST has completed mergers and acquisitions with:

• Money Tree Services, adding 3,300 merchants and $350 million in processing volume;
• PulseCard Inc., adding $500 million in annual processing volume and vertical expertise in the health services transaction processing industry;
• DPI Merchant Services, adding $850 million in annual processing volume and expertise in the e-Commerce and e-commerce transaction processing industry;
• Bank of America Merchant Services, Inc., adding $3 billion in annual sales volume – significantly increasing the company's share of the total agent bank merchant processing market;
• Payment Resources International®, adding $1 billion in annual processing volume and 7,500 total merchant contracts, as well as proprietary, internally developed technology; and,
• Fifth Third Bank Processing Solutions' Third Party Sales Merchant Division, adding $7.5 billion in annual sales volume and significant growth in the company's Independent Sales Services Division.