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PE-backed Realtime Electronic Payments acquires electronic payments provider

Realtime Electronic Payments has closed the acquisition of PaidSuite, a Scottsdale, Ariz.-based electronic payments provider to the accounts receivable management industry.

Terms of the transaction were not disclosed.

Realtime Electronic Payments is a full-service provider of payment technology products and electronic transaction processing services. Private equity firm Corsair Capital LLC acquired a control stake in the company in 2016.