Vantiv acquired Worldpay, but JPMorgan's interest in an acquisition reveals its interest in payment processing.
The merger of the U.K. and U.S. payments processors carries both benefits and risks; Duperreault taps Marsh & McLennan veteran.
American card processor has a deal for its British counterpart; after passing Fed tests, banks still stressed by weak lending, low interest rates.
The deal partners said the cost savings opportunities and international reach presented by the combination were appealing, and JPMorgan Chase said it won’t make a bid after being invited to consider an offer.
Both Vantiv and JPMorgan have a strong merchant acquiring business in the U.S., while Worldpay has a large market in Europe.
