Transworld Systems to acquire the financial services business of Alltran.

Transworld Systems, a provider of outsourced accounts receivable management, agreed to acquire the financial services business of Alltran, a first- and third-party accounts receivable management provider. Financial terms were not disclosed. "The acquisition of the Alltran Financial Services business expands TSI's customer base with leading US banks and consumer financial services companies. We look forward to a smooth transition and we welcome the Alltran Financial Services customers and employees to the TSI family," Joseph Laughlin, TSI Chief Executive Officer.