Bank of America Merchant Services

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

Company type	Joint venture
Industry	Merchant services
Founded	2009; 16 years ago (2009)
Defunct	June 2020 (2020-06)
Parent	Bank of America, First Data
Website	merch.bankofamerica.com

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]