Bank of America Merchant Services
From Wikipedia, the free encyclopedia
 | |
| Company type | Joint venture |
|---|---|
| Industry | Merchant services |
| Founded | 2009 |
| Defunct | June 2020 |
| Parent | Bank of America, First Data |
| Website | merch |
Bank of America Merchant Services was a merchant services company owned by partners Bank of America and Fiserv. It was among the largest payment processing companies in the United States based on card-transaction volume.[1]
Bank of America Merchant Services was created by Bank of America and First Data in 2009.[2] Bank of America Merchant Services manages sales and customer service and First Data handled the transaction processing.[1] In 2013, the company was the largest U.S. merchant acquirer by Visa and Mastercard volume, processing $517 billion in payments.[2]
The company expanded into Europe in 2016[3] and operates locations in the United States, Canada, and Europe.[4]
Bank of America ended this joint venture with Fiserv in 2020 and established its own independent Merchant Services platform.[5]
