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flag Payment processor i3 Verticals sells merchant services division to Payroc WorldAccess for $438M in cash.

flag Payment processor i3 Verticals has sold its merchant services division to Payroc WorldAccess for approximately $438 million in cash. flag Following the acquisition, i3 Verticals will concentrate on the public sector and healthcare. flag Payroc aims to enhance its payment solutions across various regions, now serving around 190,000 merchants. flag Additionally, i3 Verticals appointed Geoff Smith as CFO, with Clay Whitson taking on the role of Chief Strategy Officer.

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