| Bank of America Merchant Services | |
| Type: | Joint venture |
| Industry: | Merchant services |
| Predecessors: | --> |
| Successors: | --> |
| Founded: | 2009 |
| Founders: | --> |
| Areas Served: | --> |
| Profit: | --> |
| Profit Year: | --> |
| Owners: | --> |
| Parent: | Bank of America, First Data |
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]