First Data (NYSE:FDC), a global leader in commerce enabling technology, and Bank of America Merchant Services, a leader in payments, ecommerce and security solutions, announced today that Bank of America Merchant Services has integrated BlueSnap’s All-in-one Payment Platform.
Bank of America Merchant Services is the first live integration since First Data and BlueSnap announced a partnership to introduce BlueSnap’s ecommerce solutions to First Data’s ecosystem of distribution partners.
“Merchant acquirers today rely on ecommerce technology to help remove the roadblocks between their clients, the global marketplace, and consumers,” said Guy Chiarello, President, First Data. “We are proud that our partnership with BlueSnap will give our joint venture and bank partners the payments solutions their clients need to connect with consumers around the world, expand their sales channels, and grow in today’s digital, global economy.”
BlueSnap’s platform enables small and medium-sized businesses and Independent Software Vendors (ISV) alike to quickly facilitate ecommerce, without the complex integration of disparate applications such as shopping carts, e-wallets, payment types and fraud prevention. BlueSnap’s single platform and services are uniquely suited for growing businesses, and with access to First Data’s wide array of payment services, and Bank of America Merchant Services’ distribution capabilities, First Data will be able to deliver BlueSnap’s market-leading ecommerce technology solution to more clients that are eager to expand their businesses.
“Partnering with First Data and expanding to Bank of America Merchant Services’ significant distribution channel represents a tremendous step forward for BlueSnap and our All-in-one Payment Platform,” said Ralph Dangelmaier, CEO, BlueSnap. “With First Data’s scale and suite of payments solutions, and Bank of America’s global client base, we can now connect with and enable payments for millions of merchants and ISVs around the world with the most easy-to-use, adept, and scalable ecommerce solution available in the industry.”
Earlier this month, First Data and BlueSnap announced a partnership to combine the power of BlueSnap’s All-in-one Payment Platform with the vast ecosystem of global and local payments offered by First Data. As part of the agreement, First Data and BlueSnap are working together to introduce BlueSnap’s ecommerce services to First Data’s bank and distribution partners. First Data has already capitalized on the partnership with the integration of BlueSnap’s ecommerce solutions with Bank of America Merchant Services, its largest joint venture. First Data also serves as BlueSnap’s primary provider for acquiring, processing, and settlement of payment card transaction and related services.
“We are excited to integrate BlueSnap’s All-in-one Payment Platform with our robust set of payment solutions,” said Bank of America Merchant Services Chief Executive Officer Tim Tynan. “With our scale and strength, powered by First Data’s global processing infrastructure, and BlueSnap’s ecommerce capabilities, we’re delivering an exceptional experience for clients and helping them grow their businesses.”
The businesses that Bank of America Merchant Services works with can now benefit from BlueSnap's All-in-one Payment Platform, which features:
- One integration for a simplified payment stack that accelerates card-not-present commerce, including online and mobile checkout, subscriptions, invoices and virtual terminals
- One account providing acceptance of more than 110 payment types, 100 different currencies and 12 payout currencies
- Built-in fraud prevention and chargeback management
- One agreement with a robust suite of consolidated reporting
Combined with First Data’s global scale and processing capability, BlueSnap’s innovative ecommerce payment platform provides Bank of America’s expansive client base with the ecommerce solutions necessary to get a competitive edge in the global marketplace.