Bank of America Merchant Services expands to Canada

Bank of America Merchant Services has announced the creation of the company’s new Canadian merchant services operation.

The organisation will be based in Toronto and it will provide a full suite of products and services – ranging from payments and commerce to security and advice — to both existing domestic US customers currently doing business in Canada, and new Canadian market customers.

“Our US-based clients continue to expand globally, and we believe this new organization will best serve their needs by providing best-in-class solutions,” said Tim Tynan, chief executive officer of Bank of America Merchant Services. “We are also honoured and excited about servicing the needs of new, future clients in the Canadian market.”

“We are excited to welcome Bank of America Merchant Services to Canada,” said Maureen Jarvis, head of Global Transaction Services in Canada for BofA Merrill. “We look forward to helping our clients benefit from the expertise the Merchant Services team is bringing to Canada, in addition to the extensive line-up of transaction banking services we already offer, including our proprietary lockbox service and our award-winning online portal CashPro Online.”

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