Firm processes nearly a third of all of European e-commerce spend
NEW YORK–(BUSINESS WIRE)–J.P. Morgan’s focus and investments in global e-commerce payments are
paying off with multiple top rankings from the Nilson Report and the
Strawhecker Group.
In the past four months alone, The Nilson Report named the firm:
#1 merchant acquirer in the U.S. by purchase volume
#1 e-commerce
provider in Europe by web transaction volume
#4 merchant acquirer
in Europe by transaction volume
And the Strawhecker Group named J.P. Morgan the #1 merchant acquirer in
the U.S.
Global e-commerce spend is growing fast and expected to exceed $4.6
trillion by 2022, according to Edgar Dunn and Company. Today, J.P.
Morgan processes nearly 30% of e-commerce transactions in Europe and
more than 50% in the United States. The firm has grown total merchant
processing volume by more than 10% each of the past 37 quarters.
“e-Commerce payments are quickly evolving and give our global clients a
competitive advantage, so we are investing significantly to set the
pace,” said Matt Kane, CEO of Merchant Services at J.P. Morgan. “With
continued advancement in technology, combined with our local expertise
around the world, we are making progress on our vision that J.P. Morgan
clients will be able to accept payments anywhere in the world, in any
currency, and through any method of payment.”
Key factors in J.P. Morgan’s growth are its ability to help clients
navigate an increasingly complex regulatory environment and stay ahead
of security and fraud challenges. New regulations such as Secure
Customer Authentication (SCA) in the European Union increase the
complexity of accepting e-commerce payments for U.S.-based companies
doing business in European markets. Expanding to new markets
successfully requires a provider that has extensive in-market knowledge
and experience with regulations and their consumer impacts. As the top
Treasury Services provider in the world with an on-the-ground presence
in nearly 60 countries, J.P. Morgan offers 24/7 support in every time
zone around the globe. The firm invests $11.5 billion in technology,
security and fraud prevention annually to ensure its clients and their
customers can transact safely and seamlessly.
Learn more about J.P. Morgan’s global payments offerings by visiting https://www.jpmorgan.com/country/US/en/merchant-services.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services
firm with assets of $2.7 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 customers 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.
Contacts
Media Contacts
Mary Jane Rogers
J.P. Morgan
[email protected]
Allison
Tobin Reed
J.P. Morgan
[email protected]
