BofA to end payments joint venture with First Data next June

BANK OF AMERICA will end a payments joint venture with First Data Corp. next June. / BLOOMBERG NEWS FILE PHOTO/JIN LEE
BANK OF AMERICA will end a payments joint venture with First Data Corp. next June. / BLOOMBERG NEWS FILE PHOTO/JIN LEE
NEW YORK – Bank of America Corp. said it will end a payments joint venture with First Data Corp. next June when a contract between the two companies expires. The firms will continue to provide delivery of products and services for existing clients through at least June 2023, but will otherwise pursue independent merchant-services strategies…

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