Statewide Merchant Card Services Policy
Statewide Merchant Card Services
Statewide Merchant Card Services Policy
In accordance with the State Depository Board’s ‘Merchant Card Services Policy’, the State Treasurer has entered into statewide agreements with service providers Truist Bank, the successor to the SunTrust Bank and Branch Banking & Trust Company (BB&T) entities as well as Wells Fargo Bank NA/Wells Fargo Merchant Services, LLC for use by all state entities.
Truist Bank offers two gateway providers, Global Payments/TSYS and Fiserv. State entities and local governments may select from among these two merchant card service providers. As per the Statewide Merchant Card Services (MCS) Policy, all state entities must use the statewide agreements entered into by OST. Any State Entity that desires not to use a statewide contract approved by the State Treasurer must obtain approval from the Board for an exception to this requirement.