Total may process cards for B of A.

Total System Services Inc. of Columbus, Ga., said Tuesday that it has entered into exclusive negotiations to provide credit card processing services to Bank of America.

The BankAmerica Corp. unit is the seventh-largest credit card bank, as measured by accounts, according to Faulkner & Gray's Credit Card News. Its signing would be a coup for Total System, which has 114 customers, including AT&T Universal Amid Services, the No. 4 bank-card program.

Amid slower growth and relatively high loss rates, BankAmerica has reportedly been assessing strategic options for its card business. It and Total, a Synovus unit, agreed not to disclose negotiating points or contract terms unless they reach a definitive pact.

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