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JPMorgan Retains Its Top Acquiring Spot in TSG’s Annual Review

Digital Transactions

TSG’s yearly review of more than 300 U.S. merchant acquirers is out, and there is little surprise that JPMorgan Chase & Co. retains the top spot with an estimated 2023 U.S. processing volume of $2.4 trillion.

While the top three slots in the annual TSG Directory of U.S. Merchant Acquirers were rounded out by Fiserv Inc., exclusive of CardConnect, at $1.8 trillion in volume, and Worldpay, at $1.7 trillion, in the second and third spots, there was shuffling among other top 10 entities.

The other top-seven acquirers moved around a bit. Wells Fargo Merchant Services ranks fourth, the same as last year. At number five is Bank of America Corp.; it was number five the prior year. Stripe Inc., though, jumped from ninth to sixth this year, followed by Elavon, which was number six. In eighth place is Global Payments Inc., excluding TSYS, ProPay, EVO Payments, and Heartland, which was seventh. Number nine is TSYS, moving up from 10 last year. Amsterdam-based Adyen fills out the top 10 this year, dropping from number eight.

The data show little change at the top. “JPMorgan continues to dominate the top spot, and while some of the chairs in the top 10 changed positions, the same entities remain at the table from 2022 to 2023,” Alex Ferguson, TSG product manager, tells Digital Transactions News via email.

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