The MQ-4C BAMS
UAS is manufactured and assembled at the Northrop Grumman Corp.
PMA262, along with the Air Force and industry partner Northrop-Grumman Corporation, are developing a first-generation, collision-avoidance system for the Navy's long-endurance BAMS
UAS, a maritime version of Northrop Grumman's Global Hawk RQ-4, a platform used by the Air Force.
The ControlScan SmartSync application program interface (API) feeds PCI compliance information directly into IRIS, the BAMS
proprietary reporting platform, allowing the company to better understand each merchant's risk profile and segment communications accordingly.
BankAmerica and BAMS
also announced that an agreement in principle has been entered into with counsel to the plaintiffs in the several cases filed purportedly on behalf of BAMS
' stockholders regarding the proposed transactions for the settlement of such cases.
The Special Committee, which consists entirely of directors independent of Bank of America NT&SA (the "Bank") and its affiliates, was established to review and evaluate the advisability of the proposal made by the Bank on October 22, 1998 to acquire in a merger transaction all of the outstanding shares of Class A Common Stock of BAMS
which are publicly held at a cash value of $15.
) reports that Bank of America NT&SA has disclosed its intention to offer to acquire all of the Class A shares of BAMS
which are publicly held.
have determined that BAMS
will be the principal merchant servicer for their combined organization following the merger.
With these operations, BAMS
is positioned to capitalize on Bank of America's long history and customer relationships in these markets," said Sharif Bayyari, President and Chief Executive Officer of BA Merchant Services.