Looking into it further, I think I made a mistake. It was my belief that PaymentTech and BAMS are corps but instead they are "alliances". First-Data owns x% of

Looking into it further, I think I made a mistake. It was my belief that PaymentTech and BAMS are corps but instead they are "alliances". First-Data owns x% of the BAMS alliance which is different then BAMS of BoA fame. Also, I had no idea that FirstData went public, in my dealings with them, I always delt with Bank of America Merchant Services, which acted as if First Data was their subsidiary. This opinion came from reading our BAMS contract. Coming from the merchant's side of things, and dealing with this for over a decade, it "feels" more complicated. However, considering you were on the inside, your first-person version is more accurate. Hope you didn't take offense.