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Payments & Cards

JPMorgan Chase is #1 in Merchant Processing Volume in U.S. Three Years in a Row

Dallas, TX April 3, 2017 For the third year running, JPMorgan Chase ranks as the leader in merchant processing volume in the U.S., according to The Nilson Report—the most trusted researcher in the global card and mobile payment industries. The firm’s Merchant Services business is the nation’s largest wholly-owned merchant acquirer, and grew 8% in bank card processing volume market share in 2016.

From the corner pizza place to global enterprises, businesses rely on our firm’s broad expertise and focus on a delivering a great payments experience.

Matt Kane, CEO, Chase Merchant Services

The firm’s bank card market share for 2016 is 20.4%, up from 18.9% the year prior.

In April last year, JPMorgan Chase also was ranked the #1 merchant acquirer worldwide. This year’s rankings are expected to be released by The Nilson Report later this spring.

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The 2017 Nilson Report

This chart was published in the March 2017 edition of The Nilson Report.


Posted with permission from
The Nilson Report, Carpinteria, California
www.nilsonreport.com

The company continues to innovate in digital and mobile payments, building on the 2016 launch of Chase Pay and it’s proprietary closed-loop platform ChaseNetSM. Also, JPMorgan Chase is capable of authorizing transactions in more than 130 currencies worldwide.

For more information, visit ChaseMerchantServices.com.


About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.5 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

About Chase Merchant Services
Merchant Services is the global payment acceptance and merchant acquiring business of JPMorgan Chase & Co. and a leading provider of payment, fraud management and data security solutions, capable of authorizing transactions in more than 130 currencies. JPMorgan Chase passed $1 trillion in merchant processing volume in 2016 and was ranked the world’s #1 wholly-owned merchant acquirer by volume by The Nilson Report.


Media Contact:
Maribel Ferrer, maribel.ferrer@chase.com

 

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