Bank of America Acquires Axia Technologies, Inc.

CHARLOTTE, N.C.–(BUSINESS WIRE)–Bank of America today announced that it has acquired Axia Technologies, Inc. (“AxiaMed”), an industry-leading health care payment and technology company focused on facilitating secure patient payments.

The acquisition will deepen and expand Bank of America’s payment offerings for healthcare clients and will further accelerate the bank’s ability to serve this key vertical. It is part of a broader initiative to integrate merchant services onto its proprietary platform following the dissolution of its merchant services joint venture last year. Terms of the acquisition were not disclosed.