“JPMorgan Chase & Co., parent company of the nation’s biggest bank-owned merchant acquirer, managed to pull off a 5% increase in processing volume in the first quarter despite the restrictions on economic activity that took force in many states in the second half of March to control the Covid-19 pandemic. The New York City-based banking firm on Tuesday reported merchant-processing volume of $374.8 billon versus $356.5 billion a year earlier. And sales volume on the bank’s credit cards— Chase is the nation’s largest general-purpose card issuer—plus its debit cards rose 4% to $266 billion.”