Talking about the development of foreign POS acquiring market
After more than 50 years of development, the bank card acquiring market in various countries has basically formed two business development models. One is the coexistence of banks and specialized acquirers, with the US market being the most typical. The giants in the US acquiring market are FDC, JPMorgan Chase and Bank of America. Among them, FDC is the world's largest bank card professional service organization, and its business areas span bank card receipt, transaction processing, and outsourcing services. One of the successes of its development of the acquiring business is to respect the bank's control over the merchants and to expand the acquiring market by establishing a merchant alliance with the banks. FDC is responsible for transaction processing, banks provide sales support, and can still develop diversified financial business relationships with merchants, thus leveraging the strengths of third-party professional services organizations and banks. In addition, Canada is also a bank, non-bank financial institution and non-financial institution in the acquiring market. The top five in the acquiring market are Moneris Solutions, Global Payments, TD, Scotiabank and FDC.
The other category is based on bank receipts, such as English, French and Australian. There are 8 acquiring banks in the UK such as Streamline, Barclays Bank and HSBC. The top three banks account for 90% of the market. Mainly specialized in acquiring institutions, such as Germany and Japan. The main orders in Germany are ConCardis, B+S Card Service, GZS, Easycash, and Telecash (FDC subsidiary).
From the perspective of the global acquiring market development, the payment processing service industry based on the acquiring business in North America has been highly concentrated and integrated; the integration in Europe is weak, and more than a dozen companies are competing for market share; and the situation in the Asian market More special, independent industry that provides third-party payment services has not yet formed, and bank card acquiring business is mainly taken over by financial institutions.
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