Top 10 U.S. Acquirers Continue To Reign, But Niche Markets Remain.(News)

Byline: Kevin Woodward

Despite the overwhelming share the 10 largest acquirers have of the U.S. merchant-transaction business, smaller acquirers have enough room to develop their own niches, according to a recent Mercator Advisory Group Inc. annual report on the acquiring industry.

The top 10 acquirers processed about 87% of the dollar volume of U.S. merchant card transactions in 2009, about the same level as in 2008, Maynard, Mass.-based Mercator notes in the report released this week,

"It's always been a top-heavy market with the largest players having the greater presence," analyst and report author David Fish tells PaymentsSource. Fish does not …