Charge it: Industry revenue is set to increase as the scale of electronic payments grows

Over the five years to 2017, the Credit Card Processing and Money Transferring industry in New York is anticipated to have experienced strong revenue growth as e-commerce expands and consumer spending in New York rises. Electronic payments have increasingly become the preferred method of payment over cash and checks, driving up transaction volume and value for industry operators. Over the five years to 2022, consumer spending is expected to continue rising, thus increasing transaction volumes. As electronic payments are set to become more popular, industry revenue will rise. New technologies will present new opportunities for growth, such as QR coded mobile wallets...purchase to read more.

Industry Statistics & Market Size
Revenue
$8bn
Annual Growth 12-17
3.5%
Forecast Growth 17-22
Profit
Employment
6,982
Businesses
592

Industry Threats & Opportunities

  • Increased consumer spending has supported transaction volumes in recent years
  • Growth fluctuates with consumer spending and business activity
  • An expanding e-commerce market is expected to drive industry growth
  • Industry Report - Industry Investment Chapter

    The industry's capital intensity is currently at a low-medium level due to increased capital inputs over recent years. Trends toward electronic banking have operators investing in new facilities with higher processing capabilities that can handle the growing popularity of mobile and electronic payments. With less physical cash and checks needing to be processed, older machines have been replaced with new systems that fit the needs of companies looking to keep up with industry trends. IBISWorld estimates that for each $1.00 spent on wages in 2017, industry operators will spend $0.10 on capital, indicating a low level of capital intensity...purchase to read more.

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

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Credit Card Processing & Money Transferring in New York 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 commerce sales and Consumer Spending in New York in the Credit Card Processing & Money Transferring in New York industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

    What's in this report

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

    This industry provides financial transaction processing, reserve and liquidity services and check or other financial instrument clearinghouse services in the state of New York. The industry excludes electronic transactions associated with the US Federal Reserve (central bank).

    Industry Products
  • Credit card services
  • Debit card services
  • Check processing 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
  • commerce sales
  • Consumer Spending in New York
  • Number of Businesses in New York
  • Per Capita Disposable Income in New York

  • Current Performance
  • The role of e-commerce
  • Market trends
  • Advancements in technology
  • Chart: Revenue Growth

  • Industry Outlook
  • Security issues
  • Technology
  • Table: Credit Card Processing & Money Transferring in New York Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Credit Card Processing & Money Transferring in New York 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
  • ACH services
  • Check processing services
  • Other
  • Chart: Credit Card Processing & Money Transferring in New York Industry Products and Services Segmentation

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

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Marketing
  • Rent and Utilities
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Credit Card Processing & Money Transferring in New York

  • Basis of Competition
  • Internal competition
  • External competition

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

  • PayPal, Visa Inc., Kohlberg Kravis Roberts and Co. LP, MasterCard Inc., American Express Company,
  • Table: PayPal - 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

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Credit Card Processing & Money Transferring in New York 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 New York Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (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.
  • 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 in New York 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 in New York:
    • 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 New York 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 New York, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Contact Us

    Want to speak to a representative? Call us.

    clear