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The new JPMorgan Chase & Co. (NYSE: JPM) was created upon completion of the holding company merger between JPMorgan Chase and Bank One. We are a leading global financial services firm with assets of $1.1 trillion and operations in more than 50 countries.
The firm is a leader in investment banking, financial services for consumers and businesses, financial transaction processing, asset and wealth management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. has its corporate headquarters in New York and its U.S. retail financial services and commercial banking headquarters in Chicago.
Under the JPMorgan, Chase and Bank One brands, the firm serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients.
Chase Merchant Services is the leading provider of payment processing with a long history and dedication to enhancing performance for retailers nationwide. Formed in 1997 as a joint venture between JPMorgan Chase Bank, N.A. (JPMC) and First Data Corporation (FDC), our pedigree includes two of the most prestigious and credible giants in financial services. Through a long-standing commitment to customer service, unparalleled products, competitive pricing, and continually evolving technology, the company has grown to become the premier Merchant Acquirer in the nation.
In the Areas of Leadership and Scale, Chase Merchant Services:
- Processes 4.3 billion transactions annually
- Represents $295 billion sales volume annually
- Has 17% market share and is growing faster than the top 5 Acquirers
- Is 40% larger than its next competitor
- Executes payments for 200,000 merchants and billers nationwide
- 42% of the Nation's top specialty retailers
According to Nilson Reports, Chase Merchant Services continues to lead the Merchant Acquiring business. In 2003, our payment volume outpaced the market growth (bankcard 11%; PIN Debit 37% vs. Chase Merchant Services at 13% and 54% respectively).
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