As stated in the Nilson Report in March, 2010, these are the top 10 largest merchant processing acquiring banks. 1. First Data 2. Bank of America 3. Fifth Third Bank 4. Chase Paymentech 5. Heartland Payments 6. RBS WorldPay 7. Elavon 8. Global Payments 9. Wells Fargo 10. FNMS
Your Merchant Service Provider may be a registered ISO for one of these banks. There is nothing wrong or less advantageous to using a registered ISO of a bank as opposed to going to the bank directly. |