JPMorgan Chase & Co. led U.S. merchant acquirers last year with $1.51 trillion in dollar volume processed, according to new industry rankings announced Wednesday by The Strawhecker Group.
Long a powerhouse in acquiring, Chase led 2018’s rankings with $1.4 trillion in volume. Retaining second place last year was Worldpay, with $1.34 trillion, up from $1.18 trillion in 2018. Fidelity National Information Services Inc. (FIS) acquired Worldpay last July in one of the payment-processing industry’s three big mergers.
In all, the top 10 acquiring portfolios processed $6.18 trillion in volume in 2019 and accounted for more than 80% of all U.S. card volume, according to Jared Drieling, senior director of consulting and market intelligence at TSG, an Omaha, Neb.-based consulting and research firm.