BA Merchant Services

BA Merchant Services
BA Merchant Services, LLC
Formerly National Processing Company (NPC)
Type Subsidiary of Bank of America
Industry Credit Card Services
Founded Purchase of National Processing Company by Bank of America from National City Corp.
Headquarters Louisville, Kentucky, USA
Website bankofamerica.com / npc.net

BA Merchant Services, LLC is a wholly owned subsidiary of Bank of America specializing in handling credit, debit, stored value, and electronic benefits transfer (EBT) card transactions. It is the United States' second-largest bankcard merchant acquirer, processing nearly $350 billion in annual credit card volume. The company processes more than one out of every five Visa and MasterCard transactions in the country.

BA Merchant Services was formed in 2004, when Bank of America purchased National Processing Company from National City Corp. for $1.4 billion. Bank of America then consolidated its own Merchant Services division into the Louisville, Kentucky-based company. A call center for the company is located in El Paso, Texas.

On September 29, 2006, a significant portion of the original NPC, including over 170,000 merchant contracts, over 400 ISO relationships, over 600 community bank relationships, and the NPC brand and logo, was purchased from Bank of America by ITPS. Concurrent with the closing of the acquisition, ITPS and each of its operating subsidiaries were re-named to incorporate the National Processing Company, or NPC, name.

See also

External links


Wikimedia Foundation. 2010.

Игры ⚽ Нужно сделать НИР?

Look at other dictionaries:

  • Merchant services — is the name given in the United States to a broad category of financial services intended for use by businesses.[1] In its most specific use, it usually refers to the service that enables a business to accept a transaction payment by use of the… …   Wikipedia

  • Merchant account provider — Merchant account providers give businesses the ability to accept debit and credit cards in payment for goods and services. This can be face to face, on the telephone, or over the internet. Credit cards have become the preferred method of payment… …   Wikipedia

  • Merchant account — A merchant account is a type of bank account that allows businesses to accept payments by debit or credit cards. A merchant account is established under an agreement between an acceptor and a merchant acquiring bank for the settlement of credit… …   Wikipedia

  • Merchant plug-in — A Merchant plug in (MPI) is a software module designed to facilitate 3D Secure verifications to help prevent credit card fraud.[1] The MPI identifies the account number and queries card issuer (Visa, MasterCard, or JCB International) servers to… …   Wikipedia

  • Merchant International Group — Type Private Industry Risk and strategic consulting corporate investigation Key people Peter Davies, Executive Chairman, Stuart Poole Robb, CEO, Sir John Wheeler, Non Executive Director, Sir Graham Boyce, Chairman of the Advisory Board, Baroness… …   Wikipedia

  • Merchant Shipbuilding Corporation — Former type Private Industry Manufacturing Predecessor Chester Shipbuilding Co. Successor Ford factory Founded 1917 Founder(s) …   Wikipedia

  • merchant bank — noun count a bank that provides financial services to companies, not people ╾ ,merchant banker noun count ╾ ,merchant banking noun uncount …   Usage of the words and phrases in modern English

  • merchant bank — n a bank that provides services for businesses >merchant banker n …   Dictionary of contemporary English

  • Merchant Marine Act of 1920 — The Merchant Marine Act of 1920 (P.L. 66 261) is a United States Federal statute that regulates maritime commerce in U.S. waters and between U.S. ports. Section 27, better known as the Jones Act, deals with cabotage (i.e., coastal shipping) and… …   Wikipedia

  • Merchant vessel — This article is about kinds of merchant ships. For water transport in general, see Ship transport. A merchant vessel is a ship that transports cargo or passengers. The closely related term commercial vessel is defined by the United States Coast… …   Wikipedia

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”