Good summary, but you are confusing First Data&#x27;s role - First Data is a processor, not just a Gateway, and is actually the processor for BAMS, Wells Fargo, and many other banks. (<a href="http:&#x2F;&#x2F;digitaltransactions.net&#x2F;news&#x2F;story&#x2F;First-Data_s-Alliance-with-BofA-Helps-Fuel-Surge-in-Transactions" rel="nofollow">http:&#x2F;&#x2F;digitaltransactions.net&#x2F;news&#x2F;story&#x2F;First-Data_s-Allia...</a>)