3i infotech acquires JP Morgan’s Treasury services retail lockbox business

3i Infotech has entered into an agreement to acquire J.P. Morgan Treasury Services' national retail lockbox business {NRLB). 3i Infotech's subsidiary, Regulus Group, is currently the largest outsourced remittance processing provider in the U.S, and this acquisition will further strengthen that position.

Virtually all J.P. Morgan Treasury Services NRLB employees have been offered positions with Regulus. Between its newly acquired and existing facilities, Regulus will process more than 700 million payments annually once the acquisition is complete. For 3i Infotech and its Regulus subsidiary, this agreement is ultimately about helping its customers achieve greater operational efficiencies and drive value within the revenue chain.