Overview

IBISWorld’s Check Authorization Software Procurement Research Report is a comprehensive guide to purchasing Check Authorization Software. This report offers strategic analysis of the factors influencing purchasing decisions, including price trends and three-year forecasts, input costs and demand factors, along with key suppliers and an analysis of the extended supply chain. Armed with the right procurement intelligence, your company will be able to make educated purchasing decisions.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard
REPORT SNAPSHOT

Check Authorization Software - Recent Price Trend

The price of check authorization software has been declining at an estimated average annual rate of 3.9% during the three years to 2016, due largely to a decline in demand. Over the past decade, the United States has become a largely cashless society due to the growing use of debit and credit cards. Debit and credit cards reduce the need to carry cash, are much more convenient and provide the...

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Check Authorization Software - Total Cost of Ownership

The total cost of ownership for check authorization software is low. Buyers generally pay for check authorization on a per-check basis. Thus, buyers only pay for the checks that need authorization. However, some suppliers require a minimum monthly number of authorized checks that buyers have to meet. If the buyer does not meet the minimum number of checks authorized, the buyer may have to pay a...

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About this Report

This report is intended to assist buyers of check authorization software. Check authorization software assists sales associates at the point of sale by verifying the customer's driver's license information and capturing an image of the check in order to read the account data. The software then authorizes the check using a variety of databases that ensure the check will clear. Retailers use check authorization software to minimize the risk of fraud while still accepting checks as a form of payment. Suppliers in this market are software publishers and payment processing service providers. This report does not include point-of-sale terminals or electronic check acceptance (ECA) warranty services.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Regulation
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
  Imports
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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