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TransNational Payments Company Overview
TransNational Payments is a merchant services provider founded in 1999 and headquartered in Rosemont, Illinois, originally operating under the name TransNational Bankcard. Serving primarily small and mid-sized businesses across the United States, the company delivers services such as credit and debit card processing, mobile and online payments, POS systems, virtual terminals, ACH, gift and loyalty programs, and payroll support. As a registered ISO/MSP with Wells Fargo Bank, N.A., and HSBC Bank USA, the company has maintained an A+ Better Business Bureau rating and has been recognized multiple times for marketplace ethics. In October 2020, TransNational Payments was acquired by Celero Commerce, and by September 2021 it had fully merged under the Celero brand, contributing to a combined platform serving thousands of merchants and processing billions in card volume. Notably, in 2022, TransNational experienced a data breach that exposed personal information of certain enterprise account holders, prompting broader scrutiny and legal considerations.