In 2007, Retail Merchant Services Ltd. (RMS) was founded by Paul Bentham to bring affordable card payment solutions to startups and midsized businesses that were overcharged or turned away by banks. It is an independent service organization or reseller for Atlanta, Georgia-based merchant account provider giant, Elavon, which is a subsidiary of U.S. Bancorp. Bancorp is one of the largest merchant service providers in the world. It is based in Milton Keynes, UK, with other offices in North Lincolnshire, UK, and Dublin, Ireland. In February 2017, RMS was acquired by an investment firm called TCV.
RMS offers numerous products and services through Elavon. In addition to providing online and phone payment services, Retail Merchant Services provides software and technology, including card machines, online payment gateways, and virtual terminals.
According to Retail Merchant Services, it serves more than 27,000 merchants in the UK and Ireland.