Credit Card Processing & Money Transferring in the US
The Credit Card Processing and Money Transferring industry is expected to experience strong revenue growth over the five years to 2019, as processors continue to reap the benefits of large-scale implementation of electronic payment technology and growing e-commerce. The industry generates the majority of its revenue through data processing and transaction fees from credit and debit card purchases. Thus, the volume and value of transactions made using credit and debit cards determines the fees that operators collect from the merchants they service. The ratio of electronic payments to cash and check payments has increased over the past five years, driving up transaction volume for industry processors. As a result, industry revenue is anticipated to increase during the current period. Over the five years to 2024, industry revenue is forecast to continue rising, thus expanding the amount and volume of transactions consumers make with their debit and credit cards.
This industry offers financial transaction processing, reserve 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.
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