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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
May 29, 1998
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(Date of earliest event reported)
BA Merchant Services, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 1-12365 94-3252840
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification Number)
One South Van Ness Avenue
San Francisco, California 94103
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(Address of principal executive offices) (Zip Code)
415-241-3390
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(Registrant's telephone number, including area code)
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Item 5. Other Events.
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Attached as Exhibit 99 is a copy of BA Merchant Services, Inc.'s press
release dated May 29, 1998 titled "BA Merchant Services (BAMS) To Be Merchant
Processor Following Merger."
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
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(c) Exhibits
Exhibit Number Description
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99 BA Merchant Services, Inc. press release dated May 29,
1998 titled "BA Merchant Services (BAMS) To Be Merchant
Processor Following Merger."
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
BA MERCHANT SERVICES, INC.
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(Registrant)
Date: May 29, 1998
By /s/ JAMES H. WILLIAMS
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James H. Williams
Executive Vice President
and Chief Financial Officer
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EXHIBIT INDEX
Exhibit Number Description
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99 BA Merchant Services, Inc. press release dated May 29,
1998 titled "BA Merchant Services (BAMS) To Be Merchant
Processor Following Merger."
3
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FOR IMMEDIATE RELEASE
Media Contacts: Betty Riess, BA Merchant Services, Inc., 415/622-6397
Jamie Pickrell, NationsBank, 704/386-0116
Investor Contact: Vince Barella, BA Merchant Services, Inc., 415/241-7732
BA MERCHANT SERVICES (BAMS) TO BE
MERCHANT PROCESSOR FOLLOWING MERGER
SAN FRANCISCO, May 29, 1998 - BA Merchant Services, Inc. (NYSE-BPI)
today announced that BankAmerica Corporation and NationsBank Corporation have
determined that BAMS will be the principal merchant servicer for their combined
organization following the merger. Patrick Phillips, who will be head of Card
Services for the combined entity, will manage the relationship with BAMS.
The merger is subject to regulatory and shareholder approval.
NationsBank currently offers merchant services through Unified
Merchant Services, a venture between NationsBank and First Data Merchant
Services. NationsBank will seek to renegotiate its existing relationship with
First Data Merchant Services in order to assure that there is a single
provider of merchant services for the combined entity. The outcome of these
negotiations and their impact on BAMS are yet to be determined.
A subsidiary of Bank of America NT&SA, BA Merchant Services, Inc. was
incorporated in October, 1996, and provides an array of electronic payment
processing and related products and services to merchants who accept credit,
charge, and debit cards as payment for goods and services throughout the
United States and certain Asian countries.
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