We complete transactions of virtually any size, at any time, on any device for enterprise clients across a diverse array of business categories and we offer tools to help you reduce the risk of fraudulent purchases and keep transactions secure. Most importantly, we continuously develop and implement cutting-edge technologies that help improve your customers’ overall purchasing experience.
We listen to your challenges, and recommend a customized set of solutions based on your specific business needs and goals. Our innovative solutions can be tailored to businesses in almost any industry, helping you evolve with shifting payment paradigms and expand into new areas both geographically and digitally. For solutions that go beyond traditional payment processing, Bank of America Merchant Services is here to help.
We help you accept all major debit and credit card types and emerging payment trends such as mobile wallets and alternative payment platforms. In addition, our multi-currency solutions enable merchants to accept cards for 70 markets transacting in approximately 130 currencies.
Our core acquiring solutions can help you improve cash flow and accept high volumes of payments quickly and efficiently, whether you operate domestically or on a global scale.
By 2020, eCommerce transactions are expected to top $4 trillion.1 Our customizable eCommerce solutions help you build a payment platform based on your specific business needs, and can help you navigate this fast-moving technology driven digital landscape. Our relationships with CyberSource and Authorize.Net allow us to provide solutions to help operate your business with greater agility, increase sales and expand your footprint all while providing your customers a seamless online and in-app purchasing experience.
Fraud industry trends continue to impact merchants’ bottom line, with the global average cost of a data breach currently being at $4 million, and total fraud costs accounting for 7% of annual revenue.2 With card-not-present transactions continuing to increase, it is important to have a strong card-present and card-not-present fraud and security strategy in place.
Our fraud and security solutions are customizable to your business’ needs and offer an effective way to keep customer information, your business and your brand secure. We leverage the power of machine learning through our fraud solutions, Fraud Detect and Decision Manager, to monitor emerging fraud patterns, allowing you to focus on your business priorities and minimize the concern of a possible compromise.
Now more than ever, consumers are using search engines, mobile apps and social media platforms to research products and make purchases. Customers expect personalized shopping experiences and easy–to-navigate sites and apps. Our enhanced customer experience solutions can help you improve your customer’s online shopping experience by delivering the most relevant search results on your website or search engine through our relationship with GroupBy, a leading player in search technology. Additionally, our mobile commerce solution, uCommerce, allows your customers to transact through your digital channels, including mobile apps, iop, connected cars, loyalty programs and more.
Our insights solutions help enable you to make more informed decisions, acquire new customers, influence purchases and increase customer loyalty. Our analytics solutions are particularly helpful for enterprise merchants, as our services help harness the power of large amounts of transaction and financial data. Through our solutions you can gain access to everything from general payment data to specific trends about your business.
Bank of America Merchant Services, formed in 2009 by powerhouse brands Bank of America and First Data, is a leader in payments, eCommerce and security solutions. Today, Bank of America Merchant Services processes more than 16.6 billion transactions at approximately 539,000 merchant locations4 throughout the United States, Canada and Europe.4
Established in 2014, Bank of America Merchant Services Canada brings a local presence to global customers with Canadian operations. Based on our breadth of experience with payment processing, we have selected the products, services and gateways best suited to the Canadian market. Our solutions easily complement other geographies or legacy platforms.
Licensed in 30-plus European countries, BofA Merrill Lynch Merchant Services is the European affiliate of Bank of America Merchant Services. We offer a comprehensive suite of eCommerce and point-of-sale solutions that support operational and infrastructure efficiencies for large global organizations.