Tim Tynan became the CEO of Bank of America Merchant Services in May 2014. The company is one of the largest payments processors in the United States. The business is a joint venture owned by First Data Corporation and Bank of America.
Previously, Tynan was Managing Director and the Regional Head of the Transaction Services Division for Citigroup in Japan. He spent two years in Tokyo responsible for Citi’s Treasury and Trade Solutions, as well as Securities and Fund Services businesses. He was also an Executive Officer and a member of the Management Committee of Citibank Japan Ltd.
Before moving to Japan in 2012, Tynan was the Chief Operating Officer of Citi’s Transaction Services (CTS) business globally. CTS provides cash management, trade finance services, and securities custody and fund services in over 100 countries. As COO he was responsible for driving operational effectiveness across all functional areas including Operations, Technology, Risk and Control, Compliance, HR and Finance.
Prior to joining CTS in 2008, Tynan was the Global Head of Citi Business Services (CBS), a shared services group providing Payment Services, Procurement, General Services, Employee HR Services, AML Operations, and Financial Reporting Operations across Citigroup worldwide. Tynan joined Citigroup in 2001 as the COO for CBS, later becoming the Global Head in 2003.
Tynan began his career with IBM in 1981. Over a 20-year period, he held various executive leadership roles in sales and marketing, sales operations, customer service, product market development, and client relationship management.
For more than 20 years, Tynan has volunteered with the Borough of Manhattan Community College, the largest undergraduate campus in New York City, and currently serves on its board of directors. Additionally, Tynan served on the New York board of Junior Achievement, the nation’s largest organization dedicated to giving young people the knowledge and skills they need to own their economic success. He has also volunteered with Bridges to Community, which works with rural communities throughout Nicaragua and the Dominican Republic to repair and build homes, schools and health clinics.
Tynan is the current Chairman and President of the Board of Directors of the Electronic Transactions Association (ETA), the leading trade association for the payments industry.
Tynan earned his Bachelor of Science degree from the State University of New York at Cortland and his MBA from Hofstra University. He also participated in Harvard University’s Advanced Management Program. A father of three sons, he currently resides in New York City.