The merchant acquiring market in North America is the largest and, arguably, the most advanced in the world. The market landscape involves a variety of players including large acquiring banks and third-party acquirers as well as bank and non-bank joint ventures.
Lafferty Group's research of North America's merchant acquiring industry covers Canada, Mexico, Puerto Rico and the US. The four markets have strong variations on card spend, transactions and sources of payments revenue. However, their developments are all influenced by the innovative and highly competitive acquiring market of the US. Us acquirers Global Payments, Chase Paymentech, First Data and Elavon have captured over half of the acquiring market north of the border in Canada while First Data, Elavon and Evo Payments have formed acquiring alliances with banks south of the border in Mexico.
North America is home to some of the highest average interchange rates in the world and as a region is only surpassed by Latin America and Africa, where higher rates are justified by the smaller scale and higher acceptance risk. These high fees mean that North America accounts for 56 percent of global income from merchant fees on credit card transactions.
Despite this large revenue pool, acquirers face several challenges in the coming years including regulatory compliance, technological disruption and the ever increasing competition in the industry.
Lafferty Group's Merchant Acquiring series will help you to:
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