Big US Acquirers
With the latest round of quarterly financial results, several banks have reported their merchant acquiring business volumes for the third quarter. Of particular interest is the 18% growth experienced by Chase Paymentech - handling $168.7 billion in payment volume during the quarter. Bank of America's Merchant Services unit grew by 6.2% to $97 billion in payment volume while US Bank's Nova handled $56.4 billion, up over 26% although US volume vs. international isn't broken out in Nova's numbers.
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