US Cards & Payments Sector Reviewed by Timetric in New Report Now Available at MarketPublishers.com21 May 2015 • by Natalie Aster
LONDON – The US has the largest payments market in the world; the country also boasts one of the highest card penetration levels. As of 2014, the country accounted for more than 87% and just over 85% of the region’s total transaction volume and value, respectively.
Electronic payment options have gradually gained ground across the US, having overtaken once-leading checks with regard to transaction volume. The decrease in check transactions gathered steam over the past decade, largely owing to a hike in the conversion of checks into debit payments.
Additionally, the move toward electronic payments has been supported by the contactless technology, which has been gaining good momentum since its launch in 2004. Local consumers have a diversity of contactless offerings to select from, as all key payment networks (MasterCard, Visa, American Express, etc.) have contactless cards available to clients.
New market research report “The Cards and Payments Industry in the US: Emerging Trends and Opportunities to 2019” drawn up by Timetric provides a shrewd, accurate analysis of trends prevailing in the cards and payments industry in the United States. The study provides volumes and values for a set of performance indicators in the sector, comprising check payments, credit transfers, direct debits, cash transactions payment cards during the 2010 to 2014 review period; it also gives an overview of the major alternative payment instruments in the US. Further, the report grants unrivalled access to extensive information on the number of cards in use, and transaction volumes and values over the analysis period and up to 2019. It limelights the competitive scene in the industry, including market shares of national card issuers and schemes. The research study provides insights into the market drivers, an analysis of regulatory policies shaping the industry, a review of key strategies adopted by banks and other establishments to market various card types, detailed card fraud statistics, as well as comprehensive profiles of domestic card issuers.
Top players addressed in the publication are: US Bank, JPMorgan Chase & Co, Wells Fargo & Company, American Express Company, The Bankcorp Bank, Discover, Visa, Citibank, MasterCard, and Bank of America Corporation.
The Cards and Payments Industry in the US: Emerging Trends and Opportunities to 2019
Published: May, 2015
Price: US$ 3,995.00
More new studies by the publisher can be found at Timetric page.