[November 15, 2018] |
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Bank of America Merchant Services Teams Up With American Express to Drive Commerce to Small Businesses
Bank of America Merchant Services, a global leader in payments,
eCommerce and security solutions, today announced it has joined the
Small Business Saturday Corporate
Supporter Program. It will, together with American Express (News - Alert), support
this year's Small Business Saturday® celebration, which takes
place on Nov. 24, 2018. This special event is dedicated to supporting
the independent businesses that make our communities unique and provide
invaluable contributions to our economy.
As a corporate supporter of Small Business Saturday®, Bank of America
Merchant Services is proud to support its small business clients - and
small businesses across the country - through a robust campaign to
encourage local businesses to take part in this special event, and to
inspire shoppers to patronize these important local establishments.
"Bank of America Merchant Services is pleased to partner with American
Express to support this nationwide movement celebrating small
businesses," said Bank of America Merchant Services General Manager for
Small Business Sydney Ivey. "Because we know how important small
businesses are to their local communities, Bank of America Merchant
Services offers a variety of helpful tips and industry insights, like
its annual Small
Business Payments Spotlight, that business owners can leverage to
drive traffic and sales every day of the year."
Created by American Express in 2010, Small Business Saturday serves as
the ceremonial kickoff to the holiday shopping season for small
businesses across the United States. In 2017, an estimated 108 million
consumers reported shopping or dining at local, independently-owned
businesses on Small Business Saturday, according to the Small
Business Saturday Consumer Insights Survey.1 The most
reported reason for consumers aware of the day to shop and dine at
small, independently-owned businesses on the day was to support their
community (64%), according to the 2017 Small Business Saturday
50-State Survey.2
Small Business Saturday celebrates the diversity of small businesses
across the U.S. and Bank of America Merchant Services recognizes the
importance of supporting small businesses, the jobs they help create,
and the culture they foster in local communities. According to the U.S.
Small Businesses Administration, small businesses accounted for 61.8% of
net new jobs from the first quarter of 1993 until the third quarter of
2016 and represented 99.7% of firms wth paid employees.3
Merchants and consumers can learn more about Small Business Saturday and
how to get involved by visiting ShopSmall.com.
For additional information on Bank of America Merchant Services, visit https://merch.bankofamerica.com/.
Small business owners and managers can find more tips to help them run
their businesses more efficiently at www.facebook.com/bankofamericamerchantservices
and www.linkedin.com/company/bank-of-america-merchant-services/.
About Small Business Saturday
November 24th is the ninth annual Small Business Saturday.
Dedicated to supporting the diverse range of local businesses that help
to create jobs, boost the economy and enhance neighborhoods around the
country. Small Business Saturday was created by American Express in 2010
in response to small business owners' most pressing need: getting more
customers. Learn more and connect with us on ShopSmall.com, instagram.com/shopsmall, facebook.com/SmallBusinessSaturday.
1 The Small Business Saturday Consumer Insights Survey was
conducted by Teneo among a nationally representative sample of 2,160
U.S. adults 18 years of age or older. The sample was collected using an
email invitation and an online survey. The study gathered self-reported
data and does not reflect actual receipts or sales. It was conducted
anonymously on November 26, 2017. The survey has an overall margin of
error of +/- 2.1%, at the 95% level of confidence. Projections are based
on the current U.S. Census estimates of the U.S. adult population, age
18 years and over. The survey was commissioned by American Express and
the National Federation of Independent Businesses (NFIB).
2 Morning Consult, on behalf of American Express and the
National Federation of Independent Businesses (NFIB), from November
25-26, conducted the 2017 Small Business Saturday 50-State Survey,
among a national sample of 10,000 Americans aware of Small Business
Saturday. The data cited are estimated based on self-reported data from
this survey and do not reflect actual receipts or sales. Morning Consult
used a statistical technique called multilevel regression and post
stratification (MRP) to construct state-level estimates from the
national survey data. The state level estimates were weighted to
approximate a target state level sample based on age, gender, and
education. The interviews were conducted online in English, results from
the national survey have a margin of error of plus or minus 1 percentage
point, and the state-level margins of error vary by state (typically 2
percentage points to 5 percentage points).
3 Small
Business Administration Office of Advocacy Frequently Asked Questions,
August 2017.
About Bank of America Merchant Services
Bank of America Merchant Services brings together market-leading
payment, eCommerce and security solutions to help businesses optimize
global digital commerce and improve their customer's purchase journey.
The company processes 16.6 billion transactions at more than 705,000
merchant locations throughout the U.S., Canada and Europe. Bank of
America Merchant Services guides businesses from the Fortune 50 to
neighborhood establishments through the evolving world of payments.¹
To learn more, please visit https://merch.bankofamerica.com/.
¹ Per the Nilson report, March 2018, Issue #1127 and Bank of America
Merchant Services data, June 2018
View source version on businesswire.com: https://www.businesswire.com/news/home/20181115005062/en/
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