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Chase on Track to Retain Acquiring Crown With Annual Volume Well North of $2 Trillion

Digital Transactions

New data from JPMorgan Chase & Co. signals the leading U.S. banking company is on track to retain its title as the nation’s largest merchant acquirer, with volume well in excess of $2.5 trillion flowing through its pipes.

A note from a J.P. Morgan Payments spokesperson to Digital Transactions News summarizing the company’s fourth-quarter and full-year 2024 payments results says the Merchant Services unit “hit $2 trillion in volumes.” The note did not provide a specific number, however, nor did documents Chase released last week with its fourth-quarter earnings report. But the spokesperson referred to an Oct. 17 LinkedIn post from Max Neukirchen, global co-head of J.P. Morgan Payments, which said, “I am excited to share that our Merchant Services business surpassed the $2 trillion sales mark this week. We reached the milestone 21 days earlier than in 2023 and 54 days ahead of 2022.”

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