Bank of America Merchant Services
| Company type | Joint venture |
|---|---|
| Industry | Merchant services, Payment processing |
| Founded | 2009 |
| Founder | Bank of America, First Data |
| Defunct | 2020 |
| Fate | Partnership dissolved; Bank of America launched standalone Merchant Services platform |
| Successor | Bank of America Merchant Services (standalone platform) |
| Headquarters | United States |
Area served | United States, Canada, Europe |
| Products | Payment processing services |
| Owner | Bank of America, Fiserv (formerly First Data) |
Bank of America Merchant Services was a merchant services provider co-owned by Bank of America and Fiserv. It stood as one of the top payment processors in the United States based on card transaction volume.
Formed in 2009 through a collaboration between Bank of America and First Data, the firm handled sales and customer support, while First Data was responsible for processing transactions. By 2013, it had become the leading U.S. merchant acquirer by Visa and Mastercard transaction volume, processing payments totaling $517 billion.
The company broadened its reach into the European market in 2016 and maintained operations throughout the United States, Canada, and Europe.
In 2020, Bank of America dissolved its partnership with Fiserv and introduced a standalone Merchant Services platform.