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J.P. Morgan #1 Payment Processor in the U.S. for Eighth Consecutive Year
J.P. Morgan Payments has earned the top spot in the U.S. among payment providers in terms of both annual transactions and dollar volume, according to the March 2022 Nilson Report.
In 2021, J.P. Morgan Payments processed more than 31 billion transactions on behalf of its clients, an additional four billion compared to the previous year. With a value of $1.7 trillion, J.P. Morgan also led the rankings by purchase volume1.
In addition to earning the top spot overall, J.P. Morgan Payments maintained a significant lead as the top acquirer for e-commerce in the U.S. Overall, the total card-not-present volume for industry showed an 11.5% year on year increase2 as online shopping came to the fore.
“This continued recognition in an extremely competitive landscape is a direct result of the trust afforded to us by our clients – we look forward to rewarding this trust with even greater client-centric innovation”
Max Neukirchen, CEO J.P. Morgan Merchant Services
Now in its 51st year of publication, the Nilson Report is a respected source of payments industry news and market insight. Nilson analyzes and reports on the performance of hundreds of credit, debit and prepaid card issuers, transaction acquirers and technology vendors with a truly independent perspective.
As payments become increasingly seamless and contextual, J.P. Morgan continues to strengthen its market leading position. As a result, merchants of all sizes – from main street to Silicon Valley and everywhere in between – choose J.P. Morgan to process their payments.
“This continued recognition in an extremely competitive landscape is a direct result of the trust afforded to us by our clients,” said Max Neukirchen, CEO of Merchant Services at J.P. Morgan. “We hold ourselves, our processes and our products to the highest possible standards. 2021, despite so many global challenges, saw us exceed those expectations and we look forward to rewarding this trust with even greater client centric innovation.”
J.P. Morgan combines operational excellence, innovative technology and exceptional client service to help clients capture, grow and protect revenue and create enduring customer relationships.
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