Banks that have not aligned with top merchant processing firms like Nabanco and Card Establishment Services are on the verge of extinction in the acquiring side of the credit card business.

That prediction, together with many other "fearless" forecasts, made up the bulk of Richard N. Speer Jr.'s presentation at the American Bankers Association bank card conference last week.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.