Credit Card Processing & Money Transferring in the US
The industry's reliance on transaction volumes and the value of noncash payments makes it susceptible to fluctuations in the general economy. Consequently, industry revenue declined with the start of the recession. As the economy has started to recover, these negative trends have reversed. As consumer confidence improves, demand for products and services will rise, increasing transaction volumes. Businesses and other organizations are also projected to boost spending as revenue improves and the economy stabilizes. Also, technological advancements within the industry will help boost demand and revenue.
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.