Credit Card Processing & Money Transferring in California
Services provided by industry operators include processing credit and debit card payments, clearing checks and making money transfers between customers. The Credit Card Processing and Money Transferring industry in California has benefited over the five years from a strengthening economy within the state. Californians' increased confidence in their long-term financial stability has resulted in increased consumer spending, especially for online retailers. One payment method that is expected to become popular is electronic mobile payments for its ease and convenience. Overall, industry revenue is expected to increase over the five years to 2022.
This industry offers financial transaction processing, reserving and liquidity services and check or other financial instrument clearinghouse services. The industry excludes electronic transactions associated with the US Federal Reserve (central bank).
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.