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                      SECURITIES AND EXCHANGE COMMISSION

                            WASHINGTON, D.C. 20549

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                                   FORM 8-K

                                CURRENT REPORT
                      PURSUANT TO SECTION 13 OR 15(D) OF
                      THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): July 18, 1997 (July 2, 1997)

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                              PMT SERVICES, INC.

            (Exact name of registrant as specified in its charter)

   TENNESSEE                     0-24420                      62-1215125
(State or other              (Commission File             (I.R.S. Employer
jurisdiction of                   Number)                  Identification   
incorporation)                                                 Number)

        
       TWO MARYLAND FARMS
       SUITE 200
       BRENTWOOD, TENNESSEE                              37027
       (Address of principal executive offices)        (Zip Code)

                                (615) 254-1539
             (Registrant's telephone number, including area code)

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ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS

        On July 2, 1997, PMT Services, Inc., a Tennessee corporation (the 
"Company"), completed a business combination in which the Company acquired all 
of the issued and outstanding capital stock of LADCO Financial Group ("LADCO"). 
Total consideration paid was 1,463,414 shares of the Company's Common Stock, 
$.01 par value per share (the "Consideration"). The amount of Consideration paid
was determined through arm's length negotiations.

        The assets acquired by the Company in the business combination 
described above were used by LADCO to provide certain leasing services, and 
LADCO, as a wholly-owned subsidiary of the Company, intends to continue such use
of the acquired assets.


ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS

        (a) Financial Statements of Business Acquired. It is impracticable to 
            provide the required financial information for the acquired business
            at this time. The required financial statements will be filed as
            soon as practicable but not later than September 16, 1997.

        (b) Pro forma financial information. It is impracticable to provide the
            required supplemental financial information giving retroactive
            effect to the acquired business at this time. The required
            supplemental financial statements will be filed as soon as
            practicable but not later than September 16, 1997.

        (c) Exhibits:

            2.1 Agreement and Plan of Merger, dated June 9, 1997, between the
            Company, PMT LADCO Acquisition Corporation, LADCO and the Ladd
            Family Trust.



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                                  SIGNATURES
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        PURSUANT TO THE REQUIREMENTS OF THE SECURITIES EXCHANGE ACT OF 1934, THE
REGISTRANT HAS DULY CAUSED THIS REPORT TO BE SIGNED ON ITS BEHALF BY THE 
UNDERSIGNED HEREUNTO DULY AUTHORIZED.

                                     PMT SERVICES, INC.

                                     BY: /s/ GREGORY S. DAILY
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                                         Gregory S. Daily
                                         President and Treasurer               
                                         
DATE: July 18, 1997