Approved: California's economic growth and increasing disposable income will boost industry revenue

Services provided by industry operators include processing credit and debit card payments, clearing checks and making money transfers between customers. The Credit Card Processing and Money Transferring industry in California has benefited over the five years from a strengthening economy within the state. Californians' increased confidence in their long-term financial stability has resulted in increased consumer spending, especially for online retailers. One payment method that is expected to become popular is electronic mobile payments for its ease and convenience. Overall, industry revenue is expected to increase over the five years to 2022...read more.

Industry Statistics & Market Size
Revenue
$13bn
Annual Growth 12-17
3.1%
Forecast Growth 17-22
Profit
Employment
19,207
Businesses
866

Industry Threats & Opportunities

  • Increased confidence in financial stability will lead to rising consumer spending
  • With reduced ECP costs, revenue from check processing will decrease
  • E-commerce sales are expected to increase, boosting industry revenue growth
  • Industry Report - Industry SWOT Analysis Chapter

    ***This section is not used for US State reports***.Only set Reasons & Level!...purchase to read more.

    Additional Insights for the Credit Card Processing & Money Transferring in California Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Credit Card Processing & Money Transferring in California Industry are

  • Access to the latest available and most efficient technology and techniques
  • Low operating costs
  • Use of specialist equipment or facilities
  • IBISWorld analysts also discuss how external factors such as Consumer Spending in California and Number of Businesses in California in the Credit Card Processing & Money Transferring in California industry impact industry performance..

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    What's in this report

    What is the Credit Card Processing & Money Transferring in California Industry?

    This industry offers financial transaction processing, reserving and liquidity services and check or other financial instrument clearinghouse services. The industry excludes electronic transactions associated with the US Federal Reserve (central bank).

    Industry Products
  • Debit Card Services
  • Credit card services
  • Check cashing services
  • ACH services
  • Industry Activities
  • Automated bank or check clearinghouses (except central bank)
  • Check clearing and validation services (except central bank)
  • Credit card processing services
  • Electronic funds-transfer services
  • Electronic financial payment services
  • Reserve and liquidity services (except central bank)
  • Financial transactions processing (except central bank)
  • Bank clearinghouse associations
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Consumer Spending in California
  • Number of Businesses in California
  • Per Capita Disposable Income in California
  • commerce sales

  • Current Performance
  • Shifting purchasing habits
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Online retail’s growing importance
  • Emergence of smaller merchants
  • Technology and industry landscape
  • Table: Credit Card Processing & Money Transferring in California Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Credit Card Processing & Money Transferring in California Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Commercial Banking
  • Credit Card Issuing
  • Public Administration

  • Key Selling Industries
  • Computer & Packaged Software Wholesaling
  • Transportation and Warehousing

  • Products & Services
  • Debit Card Services
  • Credit card services
  • Check cashing services
  • Other
  • ACH services
  • Chart: Credit Card Processing & Money Transferring in California Industry Products and Services Segmentation

  • Major Markets
  • Small merchants
  • Medium-sized merchants
  • Large merchants
  • Consumers
  • Government
  • Chart: Major Market Segmentation for the Credit Card Processing & Money Transferring in California Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesRent and utilitiesOther
  • Chart: Cost Structure Benchmarking – Sector vs Credit Card Processing & Money Transferring in California

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Credit Card Processing & Money Transferring in California Industry

  • PayPal Holdings Inc., Visa Inc., Continental Currency Services Inc., Square Inc.,
  • Table: PayPal Holdings Inc. - financial performance
  • Table: Visa Inc. - financial performance
  • Table: Continental Currency Services Inc. - financial performance
  • Table: Square Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Credit Card Processing & Money Transferring in California Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Credit Card Processing & Money Transferring in California Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • CA - Consumer Spending in California (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Automated Clearinghouse (Ach)
  • A nationwide mechanism that processes large volumes of electronically originated batches of credit and debit transactions.
  • Check
  • A form of payment that directs the bank to pay money from the check writer's bank account to the person in whose name the check is written.
  • Check Truncation
  • Conversion of a paper check to an electronic check, which serves as the official record.
  • E-Commerce
  • The buying and selling of products or services over electronic systems, such as the internet and other computer networks. Businesses engaged in e-commerce are often called e-tailers.
  • M-Commerce
  • The buying and selling of products or services over mobile devices, particularly mobile phones, smartphones and tablets.
  • Point-Of-Sale
  • Software used at checkout in retail stores using computers and cash registers to capture transaction data at the time and place of sale.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Credit Card Processing & Money Transferring in California Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Credit Card Processing & Money Transferring in California industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Credit Card Processing & Money Transferring in California:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Credit Card Processing & Money Transferring in California market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Credit Card Processing & Money Transferring in California, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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