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The Cards and Payments Industry in the US: Emerging Trends and Opportunities to 2021

The Cards and Payments Industry in the US: Emerging Trends and Opportunities to 2021

Synopsis

Timetric’s 'The Cards and Payments Industry in the US: Emerging Trends and Opportunities to 2021' report provides detailed analysis of market trends in the US cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including credit transfers, direct debits, check payments, cash transactions and payment cards during the review period (2012–2016).

The report also analyzes various payment card markets operating in the industry, and provides detailed information on the number of cards in circulation, and transaction values and volumes during the review period and over the forecast period (2017–2021). It also offers information on the country's competitive landscape, including the market shares of issuers and schemes.

The report brings together Timetric’s research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers details of regulatory policy and recent changes in the regulatory structure.

Summary

Timetric’s 'The Cards and Payments Industry in the US: Emerging Trends and Opportunities to 2021' report provides top-level market analysis, information and insights into the US cards and payments industry, including:

  • Current and forecast values for each market in the US cards and payments industry, including debit card, credit and charge cards.
  • Detailed insights into payment instruments including credit transfers, direct debits, check payments, cash transactions and payment cards. It also, includes an overview of the country's key alternative payment instruments.
  • E-commerce market analysis and payment methods.
  • Analysis of various market drivers and regulations governing the US cards and payments industry.
  • Detailed analysis of strategies adopted by banks and other institutions to market debit, credit and charge cards.
  • Comprehensive analysis of consumer attitudes and buying preferences for cards.
  • The competitive landscape in the US cards and payments industry.
Scope
  • This report provides a comprehensive analysis of the US cards and payments industry.
  • It provides current values for the US cards and payments industry for 2016, and forecast figures to 2021.
  • It details the different demographic, economic, infrastructural and business drivers affecting the US cards and payments industry.
  • It outlines the current regulatory framework in the industry.
  • It details marketing strategies used by various banks and other institutions.
Reasons To Buy
  • Make strategic business decisions, using top-level historic and forecast market data, related to the US cards and payments industry and each market within it.
  • Understand the key market trends and growth opportunities in the US cards and payments industry.
  • Assess the competitive dynamics in the US cards and payments industry.
  • Gain insights into marketing strategies used for various card types in the US.
  • Gain insights into key regulations governing the US cards and payments industry.
Key Highlights
  • Competition in the US alternative payments market increased following the emergence options such as Apple Pay, Samsung Pay and Android Pay. Banks, card issuers and retailers are also launching new solutions to compete in the market. For instance, JPMorgan Chase offers Chase Pay, Walmart launched Walmart Pay in July 2016, while Capital One and Wells Fargo launched the digital Capital One wallet in 2014, followed by the Wells Fargo wallet in May 2016. The emergence of new solutions is likely to intensify competition in the US alternative payments market.
  • The US government’s endorsement of Apple Pay is expected to enhance the contactless payment infrastructure, primarily due to the government’s announcement in September 2015 that it will use Apple Pay for social security benefits, national park admissions and other similar services. The deal allows social security and veterans’ benefits recipients to add government-issued debit cards to Apple Pay. As nearly 50% of the population benefits from some form of federal welfare scheme, this initiative is anticipated to further drive mobile payments (m-payments) in the country.
  • The Europay, MasterCard, Visa (EMV) liability shift, as agreed by US card networks, was enforced on October 1, 2015. The shift requires that the least secure party in a transaction is liable for costs resulting from fraudulent transactions in a non-EMV environment. Consequently, merchants are at risk if they fail to install EMV-compliant infrastructure. As a result, the number of EMV cards rose significantly from 2.7 million in 2012 and is anticipated to reach 700 million by the end of 2016.


  • Definitions and Methodology
    • Definitions
      • Table Key Definitions
    • Methodology
  • Key Facts and Highlights
    • Table The US - Key Facts, 2016
    • Table Regional Benchmarking of the US Payment Cards, 2016
  • Executive Summary
  • Payment Instruments
    • Current Payment Environment
  • E-Commerce and Alternative Payments
    • E-Commerce Market Analysis
    • Alternative Payment Solutions
      • PayPal
      • Apple Pay
      • Android Pay
      • Samsung Pay
      • Chase Pay
      • Walmart Pay
      • Capital One wallet
      • Dunkin Donuts mobile wallet
      • Starbucks mobile wallet
      • Wells Fargo wallet
      • Citi wallet
      • Visa Checkout
      • American Express Checkout
      • MasterPass
  • Regulation in the Cards and Payments Industry
    • Regulatory Framework
    • Anti-Money Laundering (AML)
    • Foreign Direct Investment (FDI) Regulations
      • Table The US - Mode of Entry of Foreign
  • Analysis of Cards and Payments Industry Drivers
  • Payment Cards
    • EMV Migration in the US
      • Table The US - Liability Scenarios From Most to Least Secure
      • Table The US - Number of EMV Cards and Adoption Rate, 2014-2015
  • Debit Cards
    • Debit Cards Market Analysis
      • Debit card scheme and issuer shares in terms of transaction value
      • Debit cards comparison
        • Table The US - Debit Cards Comparison and Key Features, 2016
  • Pay Later Cards
    • Pay Later Cards Market Analysis
      • Pay later card scheme and issuer shares in terms of transaction value
      • Pay later cards comparison
        • Table The US - Gold Credit Cards Comparison and Key Features, 2016
        • Table The US - Premium Credit Cards Comparison and Key Features, 2016
        • Table The US - Charge Cards Comparison and Key Features, 2016
  • Card Issuers
    • JPMorgan Chase & Co.
    • American Express Company
    • Bank of America Corporation
    • Wells Fargo & Company
    • Citibank
  • Prepaid Cards
  • Private Label Cards
    • Private Label Cards Comparison
      • Table The US - Private Label Credit Cards Comparison and Key Features, 2016
  • Merchant Acquiring
  • Appendix
    • Tables
      • Table The US - Payment Instrument Transaction Values (US$ Trillion), 2012-2016
      • Table The US - Payment Instrument Transaction Volumes (Billion), 2012-2016
      • Table The US - Number of Payment Cards in Circulation by Type (Million), 2012-2021
      • Table The US - Volume of Payment Card Transactions by Type (Billion), 2012-2021
      • Table The US - Value of Payment Card Transactions by Type (US$ Billion), 2012-2021
      • Table The US - Number of Debit Cards in Circulation (Million), 2012-2021
      • Table The US - Debit Card Transaction Volumes and Frequency by Channel, 2012-2021
      • Table The US - Debit Card Total and Average Transaction Values by Channel, 2012-2021
      • Table The US - Number of Debit Cards in Circulation by Scheme (Million), 2012-2016
      • Table The US - Debit Card Transaction Values by Scheme (US$ Billion), 2012-2016
      • Table The US - Debit Card Transaction Values by Issuer (US$ Billion), 2012-2016
      • Table The US - Number of Pay Later Cards in Circulation (Million), 2012-2021
      • Table The US - Pay Later Card Transaction Volumes and Frequency by Channel, 2012-2021
      • Table The US - Pay Later Card Total and Average Transaction Values by Channel, 2012-2021
      • Table The US - Number of Pay Later Cards in Circulation by Scheme (Million), 2012-2016
      • Table The US - Pay Later Card Transaction Values by Scheme (US$ Billion), 2012-2016
      • Table The US - Pay Later Card Transaction Values by Issuer (US$ Billion), 2012-2016
      • Table The US - Number of Credit Cards in Circulation (Million), 2012-2021
      • Table The US - Credit Card Transaction Volumes and Frequency by Channel, 2012-2021
      • Table The US - Credit Card Total and Average Transaction Values by Channel, 2012-2021
      • Table The US - Number of Credit Cards in Circulation by Scheme (Million), 2012-2016
      • Table The US - Credit Card Transaction Values by Scheme (US$ Billion), 2012-2016
      • Table The US - Number of Charge Cards in Circulation (Million), 2012-2021
      • Table The US - Charge Card Transaction Volumes and Frequency by Channel, 2012-2021
      • Table The US - Charge Card Total and Average Transaction Values by Channel, 2012-2021
      • Table The US - Number of Charge Cards in Circulation by Scheme (Million), 2012-2016
      • Table The US - Charge Card Transaction Values by Scheme (US$ Billion), 2012-2016
      • Table The US - Personal and Commercial Pay Later Card Transaction Volumes (Billion), 2012-2021
      • Table The US - Personal and Commercial Pay Later Card Transaction Values (US$ Billion), 2012-2021
      • Table The US - Number of Commercial Pay Later Cards in Circulation (Million), 2012-2021
      • Table The US - Commercial Pay Later Card Transaction Volumes (Billion), 2012-2021
      • Table The US - Commercial Pay Later Card Transaction Values (US$ Billion), 2012-2021
      • Table The US - Number of Prepaid Cards in Circulation (Million), 2012-2021
      • Table The US - Prepaid Card Transaction Values (US$ Billion), 2012-2021
      • Table The US - Merchant Acquiring Transaction Volumes (Billion), 2012-2021
      • Table The US - Merchant Acquiring Transaction Values (US$ Trillion), 2012-2021
      • Table The US - Acquirers' Transaction Volumes (Billion), 2012-2016
      • Table The US - Acquirers' Transaction Values (US$ Billion), 2012-2016
      • Table The US - Retail Outlets and Card Accepting Merchants (Million), 2012-2021
      • Table The US - Debit Card, Average Interchange Fees: Intra-Network Transactions (%), 2012-2016
      • Table The US - Debit Card, Average Merchant Service Charge and Interchange Fee (%), 2012-2021
      • Table The US - Pay Later Card, Average Interchange Fees: Intra-Network Transactions (%), 2012-2016
      • Table The US - Pay Later Card, Average Merchant Service Charge and Interchange Fee (%), 2012-2021
      • Table The US - EMV Deployment, Regional Definitions
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    • Disclaimer

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