BankAmerica Corp. is taking its merchant processing business public in a stock offering projected to raise $324 million.

The move is a renewed sign of strength for merchant processing, the business of helping retailers with their credit card payments. And it indicates BankAmerica's resolve to stay in, and profit from, an activity that many of its peers exited during the last decade.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.