Bank of America Considers Scrapping First Data Payments Partnership

Bank of America Corp. is considering dissolving the huge payment-processing joint venture it has with First Data Corp. and developing its own business to move money between consumers and merchants, according to people familiar with the matter.

Source-

https://www.thestreet.com/investing/stocks/first-data-drops-on-report-that-bank-of-america-is-considering-scrapping-partnership-14954621