Scott DeHaven, Peter Taylor and Brittany Logan
• May 31, 2023
Image Credits: FreePik
Article Synopsis and Visuals Guide:
- The US acquiring processing market is dominated by a select number of monolithic, legacy processors (visual #1)
- The prolific M&A activity of legacy processors created fragmented, complex platform environments (visual #2); however, the collection of platforms also resulted in processors with breadths of capabilities that are difficult to replicate
- Legacy processors’ platform fragmentation and relatively dated technology have created pain points for merchants and other industry stakeholders; cloud processing environments would rectify many of these pain points (visual #3)
- While legacy processors are aware of how cloud acquiring processing would benefit some customers, several barriers have prevented or slowed legacy processors’ investment in cloud processing solutions (visual #4)
- Cloud acquiring processing investment is building momentum in the US; incumbents and new entrants alike are modernizing acquiring processing (visual #5)
Please do not hesitate to contact Scott DeHaven Scott@FlagshipAP.com, Peter Taylor Peter@FlagshipAP.com, or Brittany Logan Brittany@FlagshipAP.com with comments or questions.