Bank of America Corp. is considering not renewing its merchant-acquiring joint venture with First Data Corp., known as Bank of America Merchant Services, when the contract ends in June 2020, The Wall Street Journal reported, citing unnamed sources. BAMS is the nation’s third-largest acquirer, having processed $840 billion in payment …

Core processor Fiserv Inc. continues to expect its $22 billion deal to acquire First Data Corp. will close in 2019’s second half despite a U.S. Department of Justice inquiry about the merger, Brookfield, Wis.-based Fiserv reported Tuesday. The Justice Department asked for more information and documents on April 4, though …

Allied Irish Banks p.l.c. and processor First Data Corp. formed a joint venture to acquire a 96% stake in Payzone, operator of Ireland’s largest retail payment network, for about €100 million ($112.5 million) including debt. AIB will own 75% of the joint venture and First Data 25%, according to The Irish …

A First Data Corp. shareholder filed a proposed class-action lawsuit Wednesday challenging the planned acquisition of the payment processor by Fiserv Inc. The $22 billion all-stock merger benefits First Data’s controlling shareholder, the investment firm Kohlberg Kravis Roberts & Co., “to the detriment of the company’s noninsider stockholders,” says the …

Few foresaw this combination, but the deal is far from baffling once you understand Fiserv’s history and long-term strategy. Every so often, a deal comes along that makes the market take notice. One such moment was the announcement in January of the Fiserv Inc.-First Data Corp. multibillion-dollar acquisition/merger. Essentially, the …

The other shoe has dropped. Fidelity National Information Services Inc.’s $43-billion cash-and-stock deal to acquire Worldpay Inc., announced early Monday, will create a processing behemoth that will compete globally across a sweeping range of payments businesses, including merchant acquiring, e-commerce, faster payments, and core processing. And though the bosses of …

First Data Corp. began talking with a potential merger partner identified only as ‘Party A’ more than a year before Fiserv Inc.’s $22 billion takeover offer for the big payment processor was announced, according to a proxy statement Fiserv and First Data filed this week. The lengthy document—more than 300 …