Chexar Networks to acquire Clear Payments Inc.

Already operating as an integrated service

Chexar Networks today announced that it intends to acquire Nashville based Clear Payments Inc (CPI) by the end of the month (view press release). Chexar provides solutions to convert checks into cash or prepaid value, whilst CPI is a provider of remote deposit capture and mobile solutions. The two companies currently already operate as an integrated service with Chexar already adopting CPI’s technology as part of its solutions including imaging technologies, funds settlement engines, and mobile enhancement solutions.

We have been partnering with CPI for several years now and utilize some facet of their technology on almost every transaction we process,” said Chexar founder and CEO, Drew Edwards. “Considering that the professionals at CPI work with us today almost like we are already one company, this transaction is a natural for us both.”

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