The Cards and Payments Industry in the US: Emerging Trends and Opportunities to 2021
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GlobalData’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 analyzes various payment card markets operating in the industry, as well as providing 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 GlobalData’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.
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.
Key Highlights
• Competition in the US alternative payments market increased following the emergence of 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. These new solutions are 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.
Reasons to Buy
• Make strategic business decisions, using top-level historic and forecast market data, related to the US cards and payments industry.
• 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.
Bank of America
JPMorgan Chase
PNC Bank
USAA
US Bank
TD Bank
Capital One
SunTrust
Navy FCU
Fifth Third
Barclays
Vantiv
First Data
Elavon
Worldpay
Visa
MasterCard
Star
Pulse
American Express
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