Merchant Lynx Acquires NCCP to Expand Into Trucking and Construction

Merchant acquirer Merchant Lynx Services says it is expanding into new industries.

To that end, the Florida-based company has purchased National Credit Card Processing Group (NCCP), according to a Thursday (July 6) press release.

NCCP provides payment acceptance services and technology solutions to the B2B sector. Its chief verticals are construction and heavy-duty trucking parts and repairs, concrete ready mix, asphalt and aggregate supply and highway civil construction.

Merchant Lynx, an independent sales organization (ISO) that focuses on the hospitality and auto services fields, “has experienced exponential growth organically and via acquisitions with more acquisitions planned,” per the release.

“We are thrilled to bring NCCP under our umbrella and to capitalize on our expansion into the markets in which they have achieved great success,” Merchant Lynx Services President and CEO John P. Kucyk said in the release.

NCCP founder and President Peter Brickman said, “This is an exciting deal in that NCCP Group will continue to focus on and serve these predominantly B2B industries that are vital to our nations’ infrastructure.”

The deal comes as many construction firms are increasingly relying on digital tools, as PYMNTS and American Express found in their report, “Building Better Cash Flow In Construction With Digital Payments.”

“Getting paid on time is a major roadblock in the construction industry, disrupting cash flow for U.S. construction professionals,” that report said. “Only 11% of construction professionals say they are paid in full on every job, and the impacts can be devastating.” The report adds that 97% of construction professionals feel strained because of slow payments and cash flow issues.

As late payments constituted 12% of construction costs last year — eating into profits for these companies — the report notes that the sector is digitizing more rapidly in 2023.

PYMNTS research found that the construction industry is averaging roughly five technologies to be debuted in the next year, with contractors overwhelmingly aiming for faster payments and easier cash flow management. The research also showed that 33% of firms were planning to adopt integration between accounts payable (AP) and accounts receivable (AR) and 31% hope to add instant bank verification and virtual cards for making payments to suppliers.

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