|
|
Market Analysis: U.S. Check Transaction 2009-2013 Forecast and AnalysisPublished by: IDC Published: Oct. 1, 2009 - 19 Pages Table of ContentsTable of Contents Financial Insights Opinion In This Report Brief Description of the SolutionMethodologySituation Overview Issues Impacting Technology InvestmentsSegmenting the MarketFuture Outlook Forecast and AssumptionsMarket ContextWhat Has Changed?What to WatchEssential Guidance Actions for Financial InstitutionsActions for VendorsLearn More Related ResearchAppendix: Check Processing Description and Flow DiagramPaper Check ProcessingImage Check ProcessingACH Check ConversionSynopsisTable: U.S. Check Transactions by Type, 2003–2008 (B) Table: U.S. Check Transactions by Type, 2008–2013 (B) Table: U.S. Value of Check Transactions by Type, 2008–2013 ($B) Table: U.S. Check Transactions by Market Segment, 2008–2013 (B) Table: Key Forecast Assumptions for the U.S. Check Market, 2009–2013 Table: U.S. Check Transactions by Type, 2006–2013: Comparison of June 2007 and October 2009 Forecasts (B) Figure: U.S. Payment Transactions by Type, 2003–2008 Figure: U.S. Check Transactions by Type, 2008–2013 Figure: U.S. Value of Check Transactions by Type, 2008–2013 Figure: U.S. Check Transactions by Disposition, 2008–2013 Figure: U.S. Check Transactions by Type, 2006–2013: Comparison of June 2007 and October 2009 Forecasts Figure: Simplified Check Processing Example AbstractThis Financial Insights report provides a five-year forecast of the number and dollar value of checks written in the United States, segmented into consumer checks written at the point of sale (POS); other consumer checks, including those written for bill payment; business checks written to other businesses (B2B); and business checks written to consumers for disbursements such as payroll and benefits. These checks may be processed as paper, or (predominately) processed in the form of image documents or automated clearinghouse transactions. Checks are in decline, but showing resilience in the face of maturing alternatives such as debit cards and ACH. Image exchange has achieved critical mass, and will become nearly universal in the next five years, allowing financial institutions to realize greater benefits from their image technology investments. However, the situation could change if high fraud rates, acceptance of electronic payments, or bank policies on funds availability push corporate customers away from checks. Thus, financial institutions need to keep a close eye on transaction flows, and develop profitable alternatives to check products. According to Aaron McPherson, practice director at IDC Financial Insights, "Financial institutions need to be more creative in how they use image exchange technology, moving beyond simple automation of existing processes into development of new products and services, such as consolidated payment front ends." Get Full Details About This Report >> |
|
|||
|
About MarketResearch.com
|
||||