Banc of America Merchant Services, LLC · Louisville, KY United States

The next time you swipe your card and it clears, you might thank Banc of America Merchant Services. A joint venture between Bank of America and First Data, it is one of the largest processors of electronic payments in the US. The firm handles more than 7 billion check and credit, debit, stored value, payroll, and electronic benefits transfer (EBT) card transactions annually. Its clients are small businesses and large corporations including retailers, restaurants, hotels, supermarkets, utilities, gas stations, convenience stores, and government entities. First Data owns 48.5% of Banc of America Merchant Services, while Bank of America owns 46.5%. Third-party investor Rockmount Investments holds the rest. To read the full description, subscribe now.

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