Overview

In the cards: The ongoing risk of credit card theft will continue to attract consumers to the industry

The Prepaid Credit & Debit Card Providers industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • During and following the recession, fewer consumers qualified for credit cards and opted for prepaid cards
  • The Durbin Amendment to the Dodd-Frank financial reform had several effects on the industry
  • Increasing e-commerce transactions and fears of security breaches will drive industry growth

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    Industry Analysis & Industry Trends

    The Prepaid Credit and Debit Card Providers industry has experienced strong growth over the five years to 2016. While the slow recovery following the recession hampered many other industries, the weak economy played to this industry's strength. Fewer consumers qualified for credit and bank accounts and instead opted for prepaid cards. A growing need for electronic payment forms and rising fees in traditional banking institutions made prepaid cards attractive. As a result, revenue is expected to grow significantly in the five years to 2016. In the five years to 2021, industry revenue is expected to continue its strong performance. A...

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    Industry Report - Industry Products Chapter

    Card fees

    Prepaid credit and debit card providers collect maintenance fees, ATM fees, new card fees and other revenue. Some providers charge cardholders on a monthly basis pursuant to the terms and conditions in their cardholder agreements. ATM fees are collected when customers withdraw money at out of network ATMs. New card fees are collected when a consumer purchases a new prepaid card in a retail store. Other revenue consists primarily of fees associated with optional products or services, which are generally offered to consumers during the card activation process. These additional fees may include delivery of a second card for an account and expedited delivery of a new card. In 2016, IBISWorld expects card fees to account for 39.1% of revenue. Thi..

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    Additional Insights for the Prepaid Credit & Debit Card Providers Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Prepaid Credit & Debit Card Providers Industry are

  • Having a high profile in the market
  • Product is consumer friendly
  • Control of distribution arrangements
  • IBISWorld analysts also discuss how external factors such as commerce sales and Number of adolescents aged 10 to 19 in the Prepaid Credit & Debit Card Providers industry impact industry performance..

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    Industry Products

    What is the Prepaid Credit & Debit Card Providers Industry?

    This industry includes companies that issue preloaded, open-loop credit and debit cards to consumers for making purchases. This industry does not include electronic benefits transfer (EBT) cards or closed-loop, store-branded gift cards.

    Industry Products
    Card fees
    Cash transfer and reload services
    Interchange fees
    Industry Activities
    Issuing prepaid debit and credit cards
    Providing reloading services
    Issuing replacement debit and credit cards

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • commerce sales
  • Number of adolescents aged 10 to 19
  • External competition
  • Regulation
  • Per capita disposable income
  • Poverty rate

  • Current Performance
  • Credit crunch leads to prepaid boom
  • Regulation
  • Increased competition lowers fees
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand drivers
  • Rapid expansion
  • Table: Prepaid Credit & Debit Card Providers Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Prepaid Credit & Debit Card Providers Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Commercial Banking
  • Credit Card Processing & Money Transferring

  • Products & Services
  • Card fees
  • Cash transfer and reload services
  • Interchange fees
  • Chart: Prepaid Credit & Debit Card Providers Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Households earning less than $30,000
  • Households earning $30,000 to $44,999
  • Households earning $45,000 to $69,999
  • Households earning more than $70,000
  • Chart: Major Market Segmentation for the Prepaid Credit & Debit Card Providers Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Marketing
  • Purchases
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Prepaid Credit & Debit Card Providers

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Prepaid Credit & Debit Card Providers Industry

  • Industry Globalization
    Major Companies
    Green Dot CorporationNetSpend CorporationBlackhawk Network Holdings, Inc.
  • Table: Green Dot Corporation - financial performance
  • Table: NetSpend Corporation - financial performance
  • Table: Blackhawk Network Holdings, Inc. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Prepaid Credit & Debit Card Providers Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

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

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Prepaid Credit & Debit Card Providers Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Per capita disposable income (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Closed Loop
  • A gift or credit card that can be used only in a single store or group of stores.
  • Electronic Benefits Transfer (Ebt)
  • A system in which a government grants a citizen a card with features similar to a debit card to dispense public-service benefits.
  • Interchange Fee
  • A fee paid by the merchant to the card issuer for the acceptance of card-based transactions.
  • Open Loop
  • A general-purpose credit card that carries the American Express, Discover, MasterCard or Visa logo and can be used wherever those cards are accepted.
  • Underbanked
  • Consumers reliant on alternative financial services, such as nonbank money orders, check cashing, rent-to-own agreements or payday loans.
  • Why buy this report?

    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 Prepaid Credit & Debit Card Providers:
    • 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 Prepaid Credit & Debit Card Providers 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 Prepaid Credit & Debit Card Providers, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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