The US Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape
Rockville, MD (PRWEB) November 20, 2013 -- The US Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape
The US card payments channel registered marginal growth during the review period (2008–2012). The nation’s positive economic outlook, need for more sophisticated prepaid and charge card products, popularity of online and mobile shopping, and an increase in per capita income supported the growth. During the review period, the channel’s market size increased at a CAGR of 1.79% in volume terms to reach 1.5 billion cards in circulation in 2012. In value terms, the channel valued US$4.9 trillion in 2012.
The US card payments channel grew both in volume and value terms during the review period. In terms of transaction volume, the channel grew at a review-period CAGR of 1.79% from 1.4 billion transactions in 2008 to 1.5 billion in 2012. It is anticipated that this volume will grow at a CAGR of 2.68% over the forecast period (2013–2017), to reach 1.8 billion transactions in 2017. In terms of value, the channel increased from US$4.1 trillion in 2008 to US$4.9 trillion in 2012, at a review-period CAGR of 4.40%. The channel is forecast to grow from US$5.2 trillion in 2013 to US$6.1 trillion in 2017 at a forecast-period CAGR of 4.15%. Growth is expected to be driven by more stable economic conditions, an increase in disposable income and the popularity of mobile commerce and online retail.
To order this report:
The US Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape
Contact: Shauna
800.298.5699
mail to: Customerservice(at)marketresearch(dot)com.
Timetric
Timetric is an independent economic and business research firm providing critical intelligence on emerging economies and key global industries. We provide detailed economic and sector intelligence, business insights and authoritative, independent commentary.
Timetric’s flagship products are economic and industry intelligence centers, which are premium decision tools that provide access to comprehensive research and expert analysis. They provide invaluable decision support presented in easily digestible formats and grounded in deep research.
About MarketResearch.com
MarketResearch.com is the leading provider of global market intelligence products and services. With research reports from more than 720 top consulting and advisory firms, MarketResearch.com offers instant online access to the world’s most extensive database of expert insights on global industries, companies, products, and trends. Moreover, MarketResearch.com’s Research Specialists have in-depth knowledge of the publishers and the various types of reports in their respective industries and are ready to provide research assistance.
Follow us on Facebook http://www.facebook.com/marketresearchdotcom.
Follow us on Twitter http://www.twitter.com/marketresearch_.
The US Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape – Table of Contents:
1 Executive Summary
2 Analysis of Market Environment, Key Trends and Drivers
3 Cards and Payments Industry Share Analysis
3.1 Industry Overview
3.1.1 Cash payments
3.1.2 Check payments
3.1.3 Credit transfers
3.1.4 Card payments
3.1.5 Direct debit
4 Regulatory Framework and Card Fraud Statistics
5 Emerging Consumer Attitudes and Trends
6 Analysis of Card Payments and Growth Prospects
7 Analysis of Credit Card Payments and Growth Prospects
8 Analysis of Debit Card Payments and Growth Prospects
9 Analysis of Charge Card Payments and Growth Prospects
10 Analysis of Prepaid Card Payments and Growth Prospects
11 Merchant Acquiring
12 Company Profiles of Card Issuers
13 Appendix
Hae Lee, MarketResearch.com, http://www.marketresearch.com/, 240-747-3062 Ext: 1062, [email protected]
Share this article