All cards accepted: Consumer spending is expected to continue rising, boosting industry demand

The Credit Card Processing and Money Transferring industry is expected to experience strong revenue growth as processors continue to reap the benefits of large-scale implementation of electronic payment technology and growing e-commerce over the five years to 2018. The ratio of electronic payments to cash and check payments has increased over the five years to 2018, driving up transaction volume for processors in the industry. Increased consumer spending has boosted transaction volumes in recent years, effectively stimulating growth. However, the industry has also grappled with more stringent regulation put in place to bolster security for consumers and merchants so that information is stored and transmitted securely...purchase to read more.

Industry Statistics & Market Size
Revenue
$79bn
Annual Growth 13-18
3.4%
Forecast Growth 18-23
Profit
Employment
157,589
Businesses
5,061

Industry Threats & Opportunities

  • Increased consumer spending has boosted transaction volumes in recent years
  • Electronic payments are expected to continue boosting industry revenue during the period
  • Security issues and data breaches are expected to continue challenging the growth of the industry
  • Industry Report - Industry Locations Chapter

    The geographic distribution of revenue generated in the Credit Card Processing and Money Transferring industry is highly correlated with population size and economic activity. The Western region of the United States accounts for the largest share of industry locations, at an estimated 20.9% of all establishments. California is the leading state, accounting for an estimated 15.8% of all industry establishments on its own, largely due to its population size and commercialized metropolitan areas. Several the major players list California as home to some of their operations, including Visa.As the most populous region, accounting for about one-quarter of the US population, the Southeast has the second-largest share of the industry. This region is expected to account for 20.1% o...purchase to read more.

    Additional Insights for the Credit Card Processing & Money Transferring Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Credit Card Processing & Money Transferring 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 and Consumer Confidence Index in the Credit Card Processing & Money Transferring industry impact industry performance..

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    What's in this report

    What is the Credit Card Processing & Money Transferring Industry?

    This industry offers financial transaction processing, reserve 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
  • Credit card services
  • Debit card services
  • Automated clearinghouse products
  • Check processing
  • Prepaid card 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
  • Consumer Confidence Index
  • commerce sales
  • Per capita disposable income
  • Regulation for the Credit Card Processing and Money Transferring industry

  • Current Performance
  • The decline of cash and checks
  • Market trends
  • Improving technology
  • Chart: Revenue Growth

  • Industry Outlook
  • Security issues and data breaches
  • Industry structure
  • Technology
  • Table: Credit Card Processing & Money Transferring Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Credit Card Processing & Money Transferring 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
  • Automated clearinghouse products
  • Check processing
  • Prepaid card services
  • Chart: Credit Card Processing & Money Transferring Industry Products and Services Segmentation

  • Demand Determinants
  • Increasing demand for electronic payment systems
  • Helpful industry regulation

  • Major Markets
  • Merchants
  • Banks
  • Government
  • Chart: Major Market Segmentation for the Credit Card Processing & Money Transferring Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesMarketingRent and UtilitiesDepreciationOther
  • Chart: Cost Structure Benchmarking – Sector vs Credit Card Processing & Money Transferring

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Credit Card Processing & Money Transferring Industry

  • Industry Globalization
    PayPal Holdings Inc., Visa Inc., Kohlberg Kravis Roberts and Co. LP, MasterCard Inc., American Express Company, Fidelity National Information Services Inc.,
  • Table: PayPal Holdings Inc. - financial performance
  • Table: Visa Inc. - financial performance
  • Table: Kohlberg Kravis Roberts and Co. LP - financial performance
  • Table: MasterCard Inc. - financial performance
  • Table: American Express Company - financial performance
  • Table: Fidelity National Information Services Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Credit Card Processing & Money Transferring 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 Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • E-Commerce Sales (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    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
  • A system 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 industry research report on Credit Card Processing & Money Transferring provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    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:
    • 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 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, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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