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Clover was acquired on December 28, 2012, by First Data Corporation, which itself was acquired by Fiserv, the world's largest merchant acquirer, on July 29, 2019. Bank of America Merchant Services was the first to announce it would sell Clover to its merchant base in October 2013.
First Data Corporation. First Data Corporation is a financial services company headquartered in Atlanta, Georgia, United States. The company's STAR Network provides nationwide domestic debit acceptance at more than 2 million retail POS, ATM, and at online outlets for nearly a third of all U.S. debit cards. First Data has six million merchants ...
Fiserv, Inc. ( / faɪˈsɜːrv / fy-SURV) is an American multinational company headquartered in Milwaukee, Wisconsin, that provides financial technology and services to clients across the financial services sector, including banks, thrifts, credit unions, securities broker dealers, mortgage, insurance, leasing and finance companies, and retailers.
In 1997, Chase Paymentech was created as a joint venture between Chase Merchant Services and First Data Corporation (FDC). That year, First USA was acquired by Bank One. In 2001, Paymentech completed the largest retail merchant conversion and launched its Orbital Gateway. In 2002, Chase Paymentech acquired the merchant acquiring portfolios of ...
An EMV credit card. EMV is a payment method based on a technical standard for smart payment cards and for payment terminals and automated teller machines which can accept them. EMV stands for " Europay, Mastercard, and Visa ", the three companies that created the standard. [1]
Bank of America Merchant Services was created by Bank of America and First Data in 2009. [2] Bank of America Merchant Services manages sales and customer service and First Data handled the transaction processing. [1] In 2013, the company was the largest U.S. merchant acquirer by Visa and Mastercard volume, processing $517 billion in payments.
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