First Data Corp. has renamed one of its payment-acquiring units in the United Kingdom, the payments processor announced June 13.
Bank of Scotland Merchant Services, which serves Bank of Scotland merchant clients, is now First Data Merchant Solutions. The rebranding took effect in March.
First Data, which is based in Atlanta, said it wanted to highlight the unit’s role in the management of the business as it prepares for further expansion in the UK.
“The launch of the new name and the building of this business is a key part of the growth plan for our acquiring business in Europe, an area of strategic importance for First Data,” Nigel Bidmead, a senior vice president at First Data, said in a press release.
“Over the coming months,” Bidmead added, “we will be working to leverage the wider skills, expertise and product sets from the business globally in order to enhance our merchant propositions and product portfolio.”
First Data, a unit of the private-equity firm Kohlberg Kravis Roberts & Co., said it expects these enhanced offerings to roll out during the summer.
