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Attention: There is an updated edition available for this report.
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- Payroll Processing
- Who Offers Payroll Processing
- How Prevalent is Payroll Outsourcing?
- The Payroll Processing Market
- State of the Industry
- Table 1: 1997 Payroll Services Summary Data
- Table 2: Payroll Services: Firms and Employees by Employment Size
- The Industry Leaders
- Table 3: ADP Revenue: 1999-2003
- Table 4: ADP Employer Services Revenue: 2003
- Table 5: Ceridian Revenue: 1999-2003
- Industry Barometers
- Employment Growth and Economic Picture
- Table 6: Unemployment Rates: Yearly: May 2003 to May 2004 Table 7: Unemployment Rates: Monthly: June 2003 to May 2004
- Table 8: Paychex: Year-Over-Year Changes In Checks Per Client*
- Interest Rates
- Table 9: Federal Funds Rate: 1999-2003
- Small Business Health
- Trends
- Small, Medium, or Large?
- The Small Business Sector Is Primed For Growth
- Technology Allows Service To Smaller Companies
- Payroll Cards
- The Five-Year Industry Forecast
- Table 10: Projected Payroll Processing Revenue, 2004-2009
- Merchant Card Processing
- The Players
- Trends
- Independent Providers
- Alliances
- The Economy
- PIN-Debit Trends
- Price Compression
- U.S. Consumers and Electronic Banking: Analysis
- Use and Users of E-Banking
- Table 11: Percentage of U.S. Households Using Various Electronic Banking Technologies
- Merchants, Interchange, and Competition
- The “Wal-Mart” Suit and Its Aftermath
- Lower Interchange
- Increased Competition
- Check 21
- Consumers Uninformed of Check 21
- Market Size and Growth
- Card Growth
- Table 12: Card Growth: 1999-2002
- Market Size and Growth
- Table 13: U.S. Payment Processing Projected Revenue, 2004-2009
- The Players
- Competition
- Trends
- High Rates of Increase in Healthcare Costs
- Increasing Outsourcing by Healthcare Payers
- Increased Automation of the Healthcare Reimbursement Cycle
- The Importance of the Internet
- Legal and Regulatory Framework
- HIPAA
- Medical Billing Glitches Spread - HIPAA Fallout
- Product Offerings Provided by the Healthcare Transaction Processors
- WebMD
- ProxyMed
- Eligibility Verification and Benefit Inquiry
- Claims and Encounters Submission
- Claims and Status Inquiry
- Specialty Care Referral and Pre-certification Request and Inquiry
- Electronic Remittance Advice (ERA) and Electronic Funds Transfer
- Market Size and Forecast
- Growth Forecast
- Table 14: Projected U.S. Healthcare Transaction Processing Revenue, 2004-2009
- Small or Large?
- Table 15: Paychex Market and Client Base Composition by Employee Size
- Products and Services
- Clients With Less Than 50 Employees
- How It Works
- Clients With More Than 50 Employees
- How It Works
- Complementary Products and Services
- Acquisitions
- Pending Litigation
- Revenue, Income, and Growth
- Major Market Services
- Paychex Growth Projection
- Company Focus
- Business Segments
- Business Process Outsourcing
- Electronic Payments
- ATM Solutions
- Government Services
- Competition/Marketplace 34
- The MasterCard Alliance
- Electronic Payments
- Growth Outlook
- Company Focus
- Healthcare
- Merger
- Revenue and Income
Chapter 1: Overview of Payroll and Processing
- How Does Payroll Fit into the Outsourcing Picture?
- Who Offers Payroll Outsourcing Services? 42
- PEOs and BPOs
- The Role of PEOs
- The Role of BPOs
- Why Outsource Payroll?
- But Payroll Outsourcing May Not Solve Everything . . .
- How to Outsource Efficiently
- How Prevalent is Payroll Outsourcing?
- The PMR 2003 Payroll Outsourcing Satisfaction Survey
- Table 1-1: Organizations That Outsource Payroll Processing, by Number of Employees
- Table 1-2: Organizations That Outsource Payroll Processing, by Firm Revenues
- Extent of Outsourcing During the Payroll Process
- State of the Industry
- Census Information 5-Year Comparisons Summary
- Table 1-3: 1997 Payroll Services Summary Data
- Table 1-4: Payroll Services Five-Year Growth: 1997-2001
- 1997 - 2001: Comparing Census Figures
- Table 1-5: 2001 Payroll Services Summary Data
- Employment Size Comparisons: 1998 - 2001
- Table 1-6: Payroll Services: Firms and Employees by Employment Size
- Table 1-7: 2001 Number of Firms, Number of Establishments, Employment, and Annual Payroll by Employment Size
- Table 1-8: 2000 Number of Firms, Number of Establishments, Employment, and Annual Payroll by Employment Size
- Table 1-9: 1999 Number of Firms, Number of Establishments, Employment, and Annual Payroll by Employment Size
- Table 1-10: 1998 Number of Firms, Number of Establishments, Employment, and Annual Payroll by Employment Size
- The Contenders and Up-and-Comers: Hewitt & Intuit
- Industry Barometers
- Employment Growth and Economic Picture
- Table 1-11: Unemployment Rates: Yearly: May 2003 to May 2004
- Table 1-12: Unemployment Rates: Monthly: June 2003 to May 2004
- Jobless Recovery Begins to Add Jobs
- Table 1-13: Employment by Major Sector: 1999 to 2003
- Interest Rates
- Table 1-14: Federal Funds Rate: 1999-2003
- Table 1-15: Ceridian After-Tax Investment Income: Impact of Hypothetical Net Interest Rate Change
- Small Business Health
- Table 1-16: Quarterly Indicators: The Economy and Small Business: 1999 to 2003
- Table 1-17: Quarterly Indicators: The Economy and Small Business: First Quarter 2004
- Employment Growth and Economic Picture
- Trends
- Small, Medium, or Large?
- Table 1-18: Ceridian Client Targets by Employment Size
- Table 1-19: Paychex Market and Client Base Composition by Employee Size
- Small Business Sector Primed for Growth
- Technology Allows Service to Smaller Companies
- Small Business Optimism Increases 64
- Comprehensive Integration of Ancillary Products and Services
- Internet adaptability
- Consolidation Boom
- Payroll Cards
- Legal/Regulatory Issues
- Rewards Programs
- Market Size and Growth Forecast
- Growth Forecast: Top-Three Players
- ADP
- Ceridian
- Paychex
- The Five-Year Industry Forecast
- Table 1-20
- Projected Payroll Processing Revenue, 2004-2009 ($billions)
- Canada Market Size
- ADP Canada
- Ceridian Canada
- Table 1-21: Canadian Market Penetration by Two Biggest Players
- Growth Forecast: Top-Three Players
Chapter 2: Payroll Profiles
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Chapter 3: Payment Processing
- Why Outsourcing?
- Industry Overview
- Payment Processing Service Providers
- Merchant Card Processing
- Merchant Processing - How It Works
- The Players
- Number of Transactions by Company
- Independent Providers
- Alliances
- Increased Support Services
- Growth Opportunities
- Chip Technology Allows for Added Features
- Table 3-1: U.S. Consumers' Concerns Over Online & Offline Card Fraud
- Network Expansion
- VISA Threat
- The Economy
- PIN-Debit Trends
- PIN Debit
- Price Compression
- Internet Usage
- Combined Debit and Credit Processing
- Financial Institution Capital Improvements
- Emerging Technology
- Consolidation
- International Expansion
- U.S. Consumers and Electronic Banking: Analysis
- Use and Users of E-Banking
- Table 3-1: Percentage of U.S. Households Using Various Electronic Banking Technologies
- Debit Cards
- Table 3-2: Demographic Characteristics of Users and Non-Users of Debit Cards
- Consumer Perceptions and Use of E-Banking
- Table 3-3: Consumers’ Perceptions of Electronic Banking, 1999 and 2003
- Use of Electronic Banking Technologies by Perception Level Index
- Table 3-4: Percentage of U.S. households that use various electronic banking technologies, by perception index level, 1999 and 2003
- 2003/2004 Study of Consumer Payment Preferences
- Table 3-5: How Consumers Make In-Store Payments
- Table 3-6: Use of Automatic Payment and Online Bill Payment
- Electronic Payment Growth
- Table 3-7: Consumer Payments Mix In The U.S., 2002 - 2007
- Table 3-8: U.S. Credit and Debit Transactions, 2000 - 2003
- Debit Outpaces Credit
- Table 3-9: Global Visa Debit and Credit Card Volume
- Debit Marketing Mimics Credit Marketing
- Consumer Preference for PIN
- Table 3-10: US Merchants With/Without PIN Pads
- Table 3-11: Responses from major retailers asked why they would replace their POS equipment
- PIN and Signature Convergence
- Growth Trends
- Use of EFT Networks to Spur Growth
- Table 3-12: Merchants, Interchange, and Competition
- The “Wal-Mart” Suit and Its Aftermath
- To What Did the Associations Agree?
- Lower Interchange
- Increased Competition
- Check 21
- Consumers Uninformed of Check 21
- Benefits of Check 21
- Fraud Protection
- Image Technology Considerations
- Increased Efficiency
- Note to Banks: 10 Ways to Build Payments Businesses in 2004
- Legal Issues
- First Data—Visa U.S.A. Inc. Litigation
- Legal and Regulatory Information
- Consumer Electronic Payments
- Role of the Federal Reserve
- Financial intermediaries that provide payment services
- Other Government Regulation Issues
- Market Size and Growth Forecast
- 2003 Company Growth Trends: A Snapshot
- ADSI
- Table 3-13: ADSI Revenue: 2001 - 2003
- Table 3-14: ADSI Key Metrics: 1999-2003
- Certegy
- Table 3-15: Certegy Merchant Services Revenue: 2001-2003
- eFunds
- Table 3-16: eFunds Electronic Payments Revenue: 2001-2003
- Table 3-17: eFunds Electronic Payments 2003-2004 Quarterly Comparison (three months ended March 31)
- First Data
- Table 3-18: FDC Merchant Services Revenue: 2002-2003
- Table 3-19: FCD Dollar Volume and Transaction Growth Trends
- Global Payments
- Table 3-20: Global Payments Revenue From Merchant Services, 2001-2003
- Fiserv
- TSYS
- Table 3-21: TSYS Revenue and Income: 1999-2003
- Electronic Payment Growth
- Table 3-22: Consumer Payments Mix In The US, 2002 - 2007
- Card Growth
- Table 3-23: Card Growth: 1999-2002
- Table 3-24: Total Cards: Percent Increase in Number of Transactions
- Transaction Growth
- Table 3-25: Projected Transaction Growth: 2003-2009
- Market Size
- Table 3-26: Projected Payment Processing Revenue: 2004-2009
- Canadian Market
- The “Big Two”
- Debit Cards
- Credit Cards
- Processing a Transaction and Merchant Funding: U.S. v. Canada
- Merchant Funding
- Legal and Regulatory Framework
- The Canadian Payments Act (CP Act)
- The Payment Clearing and Settlement Act (PCSA)
- The Bank of Canada Act (BoC Act)
- Acts Governing Exchange
- Federal and Provincial Financial Institutions Statutes
- The Code of Practice for Consumer Debit Card Services (the Code)
- Market Size
- Table 3-27: Canadian Card Transaction Growth: 2000-2003
- Table 3-28: Projected Transaction Growth: 2004-2009
- Market Size
- Table 3-28: Projected Canadian Payment Processing Revenue: 2004-2009
Chapter 4: Payment Profiles
- Alliance Data Systems, Inc.
- Company Focus
- Business Segments
- Table 4-1: ADSI Business Segments
- Transaction Services
- Issuer Services
- Utility Services
- Merchant Services
- Revenue Generation
- Merchant Services Features: In Detail
- Credit Services
- Table 4-2: ADSI Acquisitions, 2001-2003
- Revenue
- 2003
- Table 4-3: ADSI Revenue and Income: 1999 - 2003
- Table 4-4: ADSI Key Metrics: 1999 - 2003
- Transaction Services
- Credit Services
- Marketing Services
- Table 4-5: ADSI Key Metrics, by Services: 2003
- Table 4-6: ADSI Key Metrics: 2002
- Quarterly Results: First Quarter 2004
- Transaction Services
- Credit Services
- Table 4-7: ADSI Revenue and Data, Q1 2003 Compared to Q1 2004
- Growth Outlook
- Certegy Inc.
- Company Focus
- Products and Services
- Card Services
- Card Services Features: In Detail
- Credit Card Processing
- Debit Card Processing
- Authorization Services
- ATM And Network Support
- Risk Management
- Merchant Credit Card Services
- Card Processing Software
- E-Banking Services
- Check Services
- Global Services
- Acquisitions
- Revenue and Growth
- Table 4-8: Certegy Revenue and Income: 1999-2003
- Table 4-9: Certegy Segment Revenue: 2001-2003
- International Business
- Table 4-10: Certegy International Revenue: 2001-2003
- Card Services
- Check Services
- First Quarter 2004 241
- Card Services
- Table 4-11: Certegy 2003-2004 Quarterly Comparison
- Growth Outlook
- CheckFree Corporation
- Company Focus
- e-Commerce Solutions
- Client Base
- Revenue
- Table 4-12: CheckFree Revenue and Income: 1999-2003
- Table 4-13: CheckFree 2003 Revenue by Segment
- eFunds Corporation
- Company Focus
- Business Segments
- Business Process Outsourcing
- Financial institutions
- Financial services companies
- Retail
- e-commerce
- Government
- Networks
- Electronic Payments
- ATM Solutions
- Government Services
- Competition/Marketplace
- The MasterCard Alliance
- Revenues
- Table 4-14: eFunds Revenue and Income: 1999-2003
- Table 4-15: eFunds Revenue by Segment: 2001-2003
- Electronic Payments
- Table 4-16: eFunds International Revenue: 2001-2003 (in million $)
- Quarterly Information
- Table 4-17: eFunds 2003-2004 Quarterly Comparison
- Growth Outlook
- Euronet Worldwide, Inc.
- Company Focus
- Products
- Card Solutions
- Internet and telephone solutions
- Mobile Solutions
- POS Solutions
- Subsidiaries
- Table 4-18: Euronet Quarterly Revenue and Operating Income Q1 2004 vs. Q1 2003.
- Fifth Third Processing Solutions
- Company Focus
- Products
- Fifth Third Direct
- Revenue
- First Data Corporation
- Business Segments
- Payment Services
- Card Issuing Services
- International
- Geographic Mix and Revenues
- Card Processing Software
- Other Card Issuing Services
- Card Issuing Services Backlog
- Card Issuing Services Significant Customers
- Merchant Services
- Merchant Acquiring
- Check Verification and Guarantee Services
- FDMS
- FDMS Alliances
- International
- Emerging Payments
- Cards on File
- Client Shifts
- Effects of Consolidation
- Acquisitions and Sales
- The Concord Merger
- 2003 Activity
- Other Legal
- VISA U.S.A. Inc. Litigation
- Revenue and Income: Segment Modification
- Overall Revenue
- Table 4-19: FDC Revenue and Income: 1999-2003
- Table 4-20: FDC Revenue: 2002-2003
- Merchant Services: Transaction and Processing Revenue
- Table 4-21: FDC Merchant Services Revenue: 2002-2003
- Table 4-22: FDC North America Merchant Dollar Volume/Transactions, 2001-2003
- Card Services: Transaction and Processing Revenue
- Table 4-23: FDC Card Issuing Service Revenue and Metrics: 2002-2003
- Table 4-24: FDC Card Issuing Services Growth: 2001-2003
- Quarterly Results
- Table 4-25: FDC First Quarter 2004 Results by Segment
- Merchant Services Transaction and Processing Service Fee Revenue
- Card Issuing Services Transaction and Processing Service Fee Fevenue
- Table 4-26: FDC Accounts on File: Quarterly Comparison
- Fiserv, Inc.
- Company Focus
- Products
- Bank and Thrift Core Products
- Credit Union Core Products
- Complementary Or Add-On Products
- Acquisitions
- Revenue
- Table 4-27: Fiserv Revenue and Income, 1999-2003
- Processing and Services Revenue
- Quarterly Review: Processing and Services Revenues
- Global Payments Inc.
- Company Focus
- A Mid-Market Focus
- Business Segments
- Check Guarantee Services
- Check Verification and Recovery Services
- Funds Transfer
- New Products
- Competition
- Acquisitions
- Revenues
- Table 4-28: Global Payments Revenue and Income: 1999-2003*
- Table 4-29: Global Revenue by Service Offering, 2001-2003
- Table 4-30: Global’s International Revenue: 2001-2003
- Quarterly Data: Merchant Services
- Growth
- National Processing, Inc.
- Merchant Card Services
- Payment Services
- Acquisitions
- Acquisition by Bank of America
- NPC Revenue and Income
- Table 4-31: Revenue and Income: 2001 - 2003
- Merchant Card Services
- Payment Services
- Recent Quarterly Analysis
- Merchant Card Services
- Payment Services
- Total System Services, Inc.
- Company Focus
- Products
- Commercial Card Processing
- Debit Card
- Retail Gift Card
- Smart Card Services
- Stored Value Card
- Value-Added Products
- Merchant Services
- e-Commerce
- Loyalty and Rewards
- Recovery Management
- Output Services
- Client Relationships
- Relationship with Bank One and J.P. Morgan Win
- Circuit City Stores, Inc.
- Sears
- Largest Clients
- Bank of America
- International
- Revenue
- Table 4-32: TSYS Revenue and Income: 1999-2003
- International
- Vital Processing Services L.L.C.
- Electronic Payment Revenues
- Table 4-33: TSYS Electronic Payment Processing Services Revenues: 1999-2003
- Market Share
- First Quarter 2004
- Table 4-34: TSYS First Quarter Comparison: 2003 and 2004
- Table 4-35: TSYS Quarterly International Revenue Comparison, 2003 and 2004
- Table 4-36: Accounts on File (AOF) Data
- Outlook for 2004 and 2005
Chapter 5: Healthcare Transaction Processing
- Health Care Transaction Processing
- The Players
- Competition
- Key Trends
- P2P Link Forecasts Surge in Electronic Medical Invoices
- High Rates of Increase in Healthcare Costs
- Cost-Shifting by Employers to their Employees and Changes in Plan Design
- Increasing Outsourcing by Healthcare Payers
- Increased Use of Information Technology for Clinical Purposes
- Increased Automation of the Healthcare Reimbursement Cycle
- The Importance of the Internet
- Increased Physician, Consumer Use of the Internet
- Growth Spurred by Increasing Use of Technology
- Reliance on EDI Technology
- Pricing Fears and Consolidation
- Importance of Cross-Selling
- Electronic Processing of Clinical Transactions Still in Early Stage
- Legal and Regulatory Framework
- HIPAA
- Privacy Compliance
- Transaction and Code Sets Compliance
- Security Compliance
- Identifiers and Future HIPAA Regulations
- HIPAA Implementation Challenges
- Other Regulation of Transaction Services
- Internet Privacy and Regulation
- Patient/Consumer Protection Initiatives
- Medicare
- Medical Billing Glitches Spread - HIPAA Fallout
- Problem Extends to WebMD
- Product Offerings Provided by the “Big Three”
- WebMD
- ProxyMed
- NDCHealth
- Table 5-1: WebMD Transaction Services Revenue: 2001-2003
- Table 5-2: WebMD Transaction Services Organic Revenue Growth*: 2002-2003
- ProxyMed
- Table 5-3: ProxyMed Net Revenue, By Segments
- NDCHealth
- Table 5-4: NDCHealth Total Revenue, Income and Revenue by Segment: 2000-2004
- Table 5-5: NDCHealth Total Revenue, Income and Revenue by Segment with % Change
- Table 5-6: Combined Transaction Processing 2003 Revenue
- Table 5-7: Combined Transactions and Market Share
- Table 5-8: Healthcare Transaction Processing Market Size: 2003
- Growth Forecast
- Table 5-9: U.S. Healthcare Transaction Processing Revenue: Five-Year Forecast
Chapter 6: Healthcare Profiles
- AIG Claim Services, Inc.
- Company Focus
- Workers’ Compensation Claims Management
- Risk Management Information Services
- Property and Casualty Claims Management
- AIG Early Notice
- Parent Company
- Revenue
- Avisena, Inc.
- Company Focus
- Avisena Practice Manager
- Avisena Document Manager
- Avisena Consulting Services
- Revenue
- Claim Management Services, Inc.
- Company Focus
- GTESS Corporation
- Company Focus
- Technology
- Strategic Alliance
- Revenue
Chapter 6: Healthcare Profiles
- HealthLink, Inc.
- Company Focus
- Administrative Services
- Other Offices
- Corporate History
- Lason, Inc
.- Company Focus
- Healthcare
- Merger
- Revenue and Income
- Medical Transcription Billing, Corp.
- Company Focus
- Revenue and Income
- Omni Medical Holdings, Inc.
- Company Focus
- Acquisition
- Revenue
- P2P Link
- Company Focus
- Pilgrim
- Company Focus
- Insurance Companies
- Self-insureds
- Revenue
- ProMedical LLC
- Company Focus
- STAT Medical Consulting, Inc.
- Company Focus
- Consulting Services
- The SSI Group, Inc.
- Company Focus
- Claims Volume
- WebMD
- Revenue
- Banking & Financial Services
- Credit Cards
- E-Financial Services
- Technology
- Software & Services
- General Software & Services
