J.P. Morgan #1 Payment Processor in the U.S. for Eighth Consecutive Year
Nilson names J.P. Morgan Payments the top U.S. processor of retail and ecommerce transactions
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.
Max Neukirchen, Global Head of Payments and E-commerce Solutions, Payments, J.P. Morgan
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, Global Head of Payments and E-commerce Solutions, Payments, 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.
To learn more, please contact your J.P. Morgan representative.
The views and opinions expressed herein are those of the author and do not necessarily reflect the views of J.P. Morgan, its affiliates, or its employees. The information set forth herein has been obtained or derived from sources believed to be reliable. Neither the author nor J.P. Morgan makes any representations or warranties as to the information’s accuracy or completeness. The information contained herein has been provided solely for informational purposes and does not constitute an offer, solicitation, advice or recommendation, to make any investment decisions or purchase any financial instruments, and may not be construed as such.
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