Midmarket private equity firm Parthenon Capital has funded acquisitions to create a large merchant acquirer from four smaller companies. The new company, Payroc, is the result of a definitive agreement to merge Payscape, Nxgen International, and BluePay Canada with Payroc. The build-up, which will operate under the Payroc name, will be a full-service merchant acquirer and payment facilitator with more than 55,000 merchants. It will process $23 billion annually in bank card volume. Payroc is a registered Visa and Mastercard third-party processor, payment facilitator, and encryption support o...