How top U.S. Acquirers ranking changed following acquisitions.
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How top U.S. Acquirers ranking changed following acquisitions. There's a new top U.S. merchant acquirer. Global Payments Inc., with an estimated $2.8 trillion in 2025 U.S. processing volume, has moved into the top spot in the 2026 TSG Directory of U.S. Merchant Acquirers, unseating JPMorgan Chase & Co., which had held the top rank since at least the 2023 edition. JPMorgan Chase, with $2.5 trillion in estimated processing volume, holds the second spot, followed by Fiserv at $2.2 trillion. Global's rise to first place stems primarily from its acquisition of Worldpay, says Alex Ferguson, product manager at Omaha, Neb.-based TSG, a payments advisory. Worldpay held the number-three spot in the 2025 TSG directory with an estimated volume, for 2024, of $1.9 trillion. Global closed on its $24.5 billion acquisition of Worldpay in January. Filling out the top 10 are Stripe, at $902.5 billion; Wells Fargo, $675 billion; PayPal, $585 billion; Elavon, the acquiring unit of U.S. Bank, at $442 billion; Bank of America, $428.7 billion; Adyen, $316 billion; and Block, at $200.2 billion. With Worldpay no longer standing as a separate entry, Stripe jumped from the seventh position in 2025 to fourth. Elavon went from ninth to seventh, and Adyen advanced from 10th to ninth. Block is a new member of the top 10. The Wells Fargo, Bank of America, and PayPal rankings are unchanged. Overall...
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