The board of directors of BA Merchant Services Inc. announced the appointment of James G. Jones as chairman of the board.
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.
Jones is group executive vice president and head of consumer loan products at Bank of America and has served as a member of the BA Merchant Services board of directors since November 1996. As head of consumer loan products, Jones is responsible for Bank of America’s credit card, commercial card, merchant card services, residential mortgage, manufactured housing, consumer lending and auto dealer businesses.
Jones is a member of Bank of America’s Senior Management Council and has served on advisory boards with Visa, MasterCard, Fannie Mae, and the Credit Research Council at Purdue. He earned an MBA from the University of Kansas, an MA in organizational psychology from the University of Nebraska at Omaha, and a BA in psychology from Washburn University in Topeka.
Jones succeeds Thomas E. Peterson, who had served as chairman of the board of directors of BA Merchant Services Inc. from the company’s formation in 1996. He retired this past May from Bank of America, where he had served as president of the Global Retail Bank.
Prior to that, he was vice chairman, responsible for Bank of America’s retail business activities worldwide, including both traditional and alternative retail delivery systems and products and services.Details