Onyx Payments acquired Norway-based hotel commission reconciliation services provider Net Trans Services for an undisclosed figure.

Net Trans claims to automate the hotel commission collection process for nearly 40 million room nights annually on behalf of travel management companies and online travel agencies, and pursues those hotels that fail to pay. Now claiming to be the world's largest payment processor for hotels and travel agents, Onyx until April 2013 was known as Pegasus Financial Services. It then was sold by Pegasus Solutions to private equity investor H.I.G. Capital. Onyx and Net Trans had been strategic partners since 2006. Onyx said the merged business will serve more than 200,000 hotels and more than 200,000 "travel distributors" in nearly 200 countries.