The largest credit card processors are Chase Paymentech and First Data. We work with both of these companies and many others to provide the best merchant rates today. In North America, Chase Paymentech has the most merchants but worldwide First Data processes more transactions as they dominate more than 60% of the market. First Data is just a processor and most merchant service providers utilize their various platforms. First Data also has a merchant services division called Card Services International. We utilize both the First Data’s platform as well Chase’s platform to scale our operations. Both of these platforms enables companies like us to partner with them to offer services in more than in 190 languages and dialects and offer the best fraud detection and prevention tools in the credit card processing industry.
And then there is NOVA Information Systems with more than 800,000 businesses that they service in various locations worldwide. They process in excess of 1 billion transactions per year.
In Japan the largest payment processor is NTT Data (CAFIS) and they process more than 2.5 billion transactions every year. The company has actually grown by 23% year over year by innovating and establishing strong partnerships to keep their competitive advantage over their competitors. They are now looking to move into China and other Asian countries in an effort to expand their operations. The interesting thing about NTT Data is that they are listening to the consumer and offering features based on their preferences as well as offering quick response time to each merchant. The new cross boarder initiative will enable them to cut cost and offer low rates to their customers. Their ability to easily integrate and deploy new extensible platforms has given them the ability to rapidly function in different business environment.
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