Capital Payments, the merchant and electronic payments firm which supports clients such as trusted advisors to business owners, has acquired assets from Merchant Services Group and signed a long term distribution agreement with MSG’s principals, the US firm said yesterday.

Based in Syosset, New York, MSG is an electronic payments services company specializing in credit card and check processing, and other payment related services for small and medium-sized businesses, corporate merchants and ecommerce merchants.

"We are aggressively looking to add entrepreneurs and their portfolios to our platforms, and feel that our speed and financial flexibility as well as our comprehensive suite of payment related products positions us as a leading merchant acquirer," said Todd S. Whiton, president and chief executive of Capital Payments. 

Headquartered in Melville, NY, Capital Payments supports trusted advisors such as CPAs and attorneys in working with their small- and mid-sized business clients.

Capital Payments is financially backed by Hamilton Investment Partners and Financial Partners, a business unit of Citi Capital Advisors.