All of the companies I mentioned are not subsidiaries, they are publicly traded, independent companies. A few of them were spun out of banks at one time (e.g. Vantiv came from Fifth Third). In your other comment you say that First Data is part of Bank of America, which is <i>completely wrong</i>.<p>First Data just started trading today under the ticker NYSE:FDC where they were taken private by KKR in 2007. Prior to that they were spun out of AMEX back in 1992.[0]<p>&gt;Its way, way more complex then that<p>Please don&#x27;t do this. I worked in the industry for 5 years and have quite a firm grasp of it (it&#x27;s only been 8 years since, and the industry hasn&#x27;t changed much).<p>[0]<a href="https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;First_Data" rel="nofollow">https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;First_Data</a>