Providing market research reports, industry analysis, company profiles and country reports for strategic planning, competitive intelligence, marketing and business research.
Search for Market Research Reports:    

2007 Top 10 Business Drivers, Strategic Responses, and IT Priorities for US Bank Cards

Published by: TowerGroup

Published: Nov. 20, 2006 - 12 Pages


Table of Contents



TowerGroup Take-Aways

Report Coverage

Background

Exhibit 1 Top 10 Business Drivers, Strategic Responses, and IT Priorities for US Bank Cards (2007)

Business Drivers for US Bank Cards

1. Attrition

2. Risks to process and data

3. Customer expectations

4. Competitive market

5. Impending credit crisis

6. Regulation/litigation

7. Payment network evolution

8. Innovation at the point of sale

9. International competition

10. Innovation in processing

Strategic Responses to Business Drivers

1. Retaining accounts and balances

2. Managing risk

3. Householding

4. Innovative cobranding

5. Examining and revising acquisition approval and credit line policies

6. Averting industry restructuring and regulatory and litigation challenges to interchange

7. Customer relationship management at the point of sale

8. Managing expenses through bank-merchant alliances

9. Globalization

10. Finding alternatives to the closed-loop network

Technology Priorities for Bank Cards

1. Data protection

2. New products

3. Contactless point of entry

4. Better integration at the point of sale

5. Larger technology capacity

6. Customer-centric loyalty systems

7. System support through refinement of technologies

8. Legacy system overhaul

9. Multicurrency handling

10. Process enhancements

Summary



Abstract

This Research Note presents TowerGroup's Top 10 list of priorities for the bank card industry for 2007. To help firms in the industry chart a course for 2007, the analysts in TowerGroup's Bank Cards service have compiled the top 10 business drivers, strategic responses, and technology priorities for 2007 based on TowerGroup's own best view of the US market and conversations with industry leaders. Each of the other TowerGroup Continuous Advisory Services publishes an annual Top 10 list in the fourth quarter; this is the first for the Bank Cards service.

Get Full Details About This Report >>
US: 800.298.5699
Int'l: +1.240.747.3093
Buy this Report
Price and Delivery Options
Search Inside Report


 

About MarketResearch.com
MarketResearch.com is an online aggregator selling over 250,000 market research reports, company profiles and country profiles from over 650 research firms. Our reports will provide you with the critical business and competitive intelligence you need for strategic planning and marketing research. Coverage includes the US, UK, Europe, Asia and global markets.

 

© MarketResearch.com 2010