Key Merchant Services, LLC

City-funded organization

Key Merchant Services, LLC is a bank-affiliated payment-processing company (Cleveland, Ohio; part of KeyBank's merchant-services line, with roots dating to 1998 and folded into KeyCorp in 2017) that also processes government electronic-payment transactions, including a New York State Electronic Value Transfer contract. It holds non-competitively awarded ("no-bid") NYC contracts to process credit/debit card payments for the Department of Finance and Department of Education, $2.6 million in currently active contracts as of August 2026 and $128.9 million awarded since 2013.

Industry (per city contracts)
Professional Services
City contracts (active)
$2,610,594 · 2 contracts
Awarded all-time
$128,870,167 · 8 since 2013, incl. expired
Paid to date
$104,710,861
Won without a fresh bid
100% of contract value · $128,845,167 · 7 contracts

Holds contracts at

City contracts

Registered city contracts, largest first by current contract value (not amount spent): running now, then registered to start later, then ended. Totals count every registered contract. Each line shows its Checkbook contract ID. The tag on each row is how it was awarded (“no-bid” = non-competitive).

Sources