Industry Analysis & Industry Trends
The Online Payment Processing Software Developers industry has grown tremendously over the past five years. As per capita disposable income is set to increase, more consumers will make purchases online, securing revenue for companies in this industry. Despite extremely positive forecasts, external competition and fears of security breaches may hinder potential growth. In addition, some merchants will not accept payments from online payment processors, thereby limiting industry revenue growth.... purchase to read more
Industry Report - Industry Products Chapter
The industry essentially provides one service – facilitating online payments. At the heart of this service are the processing networks that form the principal routes for the electronic movement of money and financial data. Some firms may have direct access to this network while others must access it through intermediaries. Thus, it is useful to segment the industry's one service into several different services that are differentiated from one another by the proximity the payment processing firm has to this underlying financial network.
Merchant banks, also referred to as member banks or acquiring banks, have direct access to the Visa and MasterCard networks and account for about 32.1% of industry revenue... purchase to read more