Credit Card Issuing in the US
Over the five years to 2018, the Credit Card Issuing industry is expected to rise, as lower unemployment rates and higher disposable incomes amongst consumers helped expand the volume and value of credit card purchases in the United States. The rise of e-commerce and mobile technology has made consumers and businesses increasingly comfortable with shopping and selling online. However, increased regulation and security concerns over company-level data are quickly increasing costs for industry operators. Over the five years to 2023, growth in the industry is expected to remain steady as the transition away from cash and checks toward debit and credit cards continues for consumers and businesses in an increasingly digitalized world.
The Credit Card Issuing industry issues credit cards, providing the funds required to buy goods and services in return for payment on a full balance or installment basis. Credit cards issued in the United States are not issued directly by Visa, MasterCard or any other payment-solution organization. Rather, Visa, MasterCard and other similar corporations provide the actual payment systems used when payments are made by credit card.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook