Bank of America and First Data have an agreement to provide uninterrupted delivery of products and services to Banc of America Merchant Services’ clients through at least June 2023

NEW YORK--(BUSINESS WIRE)-- Bank of America (BAC) and First Data, now Fiserv (FISV), today announced that they will pursue independent merchant services strategies beginning June 2020, when the contract concludes for the companies’ joint venture, Banc of America Merchant Services. Bank of America and First Data have an agreement to provide uninterrupted delivery of products and services to Banc of America Merchant Services’ clients through at least June 2023. Going forward, First Data will be an important service provider supporting Bank of America’s global payment solutions.

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