The US Cards and Payments Industry- Emerging Opportunities

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The US card payments channel registered marginal growth during the review period (2008–2012). The nation’s positive economic outlook, need for more sophisticated prepaid and charge card products, popularity of online and mobile shopping, and an increase in per capita income supported the growth. During the review period, the channel’s market size increased at a CAGR of 1.79% in volume terms to reach 1.5 billion cards in circulation in 2012.

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The US Cards and Payments Industry- Emerging Opportunities

  1. 1. The US Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape Synopsis The report provides market analysis, information and insights into the US cards and payments industry, including: Current and forecast values for each category of the US cards and payments industry including debit cards, credit cards, prepaid cards and charge cards. Comprehensive analysis of the industry’s market attractiveness and future growth areas. Analysis of various market drivers and regulations governing the US cards and payments industry. Detailed analysis of the marketing strategies adopted for selling debit, credit, charge and prepaid cards used by various bankers and other institutions in the market. Comprehensive analysis of consumer attitudes and their buying preferences for cards. Competitive landscape of the US cards and payments industry. Executive summary The US card payments channel registered marginal growth during the review period (2008–2012). The nation’s positive economic outlook, need for more sophisticated prepaid and charge card products, popularity of online and mobile shopping, and an increase in per capita income supported the growth. During the review period, the channel’s market size increased at a CAGR of 1.79% in volume terms to reach 1.5 billion cards in circulation in 2012. In value terms, the channel valued US$4.9 trillion in 2012. The US card payments channel grew both in volume and value terms during the review period. In terms of transaction volume, the channel grew at a review-period CAGR of 1.79% from 1.4 billion transactions in 2008 to 1.5 billion in 2012. It is anticipated that this volume will grow at a CAGR of 2.68% over the forecast period (2013–2017), to reach 1.8 billion transactions in 2017. In terms of value, the channel increased from US$4.1 trillion in 2008 to US$4.9 trillion in 2012, at a review-period CAGR of 4.40%. The channel is forecast to grow from US$5.2 trillion in 2013 to US$6.1 trillion in 2017 at a forecast-period CAGR of 4.15%. Growth is expected to be driven by more stable economic conditions, an increase in disposable income and the popularity of mobile commerce and online retail. Scope This report provides a comprehensive analysis of the US cards and payments industry. It provides current values for the US cards and payments industry for 2012 and forecast figures for 2017. It details the different macroeconomic, infrastructural and business drivers affecting the US cards and payments industry. It outlines the current regulatory framework in the industry. It details the marketing strategies used by various bankers and other institutions. It profiles the major banks in the US cards and payments industry. Reasons to buy Make strategic business decisions using historic and forecast market data related to the US cards and payments industry and each market within it. Understand the key market trends and growth opportunities within the US cards and payments industry. Assess the competitive dynamics in the US cards and payments industry. Gain insights into the marketing strategies used for selling various types of cards in the US. Gain insights into key regulations governing the US cards and payments industry. Key highlights The US Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape
  2. 2. In terms of transaction volume, the card payments channel grew at a review-period CAGR of 1.79% from 1.4 billion transactions in 2008 to 1.5 billion in 2012. It is anticipated that this volume will grow at a CAGR of 2.68% over the forecast period (2013–2017), to reach 1.8 billion transactions in 2017. In the US, contactless-enabled NFC technology has been adopted by banks and retailers. As contactless cards become more widely accepted, progression has been noted in the industry. The total number of contactless cards in the channel increased from 58,626 in 2008 to 139,452 in 2012, at a review-period CAGR of 24.19%. This trend is expected to continue over the forecast period to reach 205,601 cards in 2017. In July 2012, the Federal Reserve announced amendments in the provisions of Regulation II (Debit Card Interchange Fees and Routing), which permits a debit card issuer to receive a fraud-prevention adjustment, subject to interchange fee standards. This is expected to force banks to cap the daily limits for debit card transactions. Consequently, Visa, MasterCard, Discover and several other card issuers have lowered their interchange fees. Banks and card issuers in the US are increasingly targeting niche customer segments to offer differentiated products and services. Citibank targets students through its Citi Forward Card. The card enables customers to make international purchases with no annual fees. The cardholder earns five ‘ThankYou points’ for every US$1 spent at restaurants, bookstores or on entertainment. Similarly, Bank of America offers student credit cards with low interest rates and no annual fees. table Of Contents 1 Executive Summary 2 Analysis Of Market Environment, Key Trends And Drivers 2.1 Payment Infrastructure And Emerging Technologies 2.1.1 Atms 2.1.2 Pos Terminals 2.1.3 Internet Penetration 2.1.4 Emv 2.1.5 Nfc 2.1.6 Mobile Payments 2.1.7 Network Related 2.2 Business Drivers 2.2.1 Growth In Retail Industry 2.2.2 Increasing Competitive Pressure To Drive Product Innovation 2.3 Macroeconomic Drivers 2.3.1 Gdp 2.3.2 Inflation 2.3.3 Unemployment Rate 2.3.4 Gdp Per Capita Income 3 Cards And Payments Industry Share Analysis The US Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape
  3. 3. 3.1 Industry Overview 3.1.1 Cash Payments 3.1.2 Check Payments 3.1.3 Credit Transfers 3.1.4 Card Payments 3.1.5 Direct Debit 4 Regulatory Framework And Card Fraud Statistics 4.1 Regulatory Framework 4.1.1 Security Regulations And Guidelines 4.1.2 Foreign Direct Investment (fdi) Regulation 4.2 Card Fraud Statistics 4.2.1 Card-not-present 4.2.2 Counterfeit Cards 4.2.3 Cards Lost/stolen 4.2.4 Others 5 Emerging Consumer Attitudes And Trends 5.1 Industry Segmentation And Targeting 5.1.1 Retail Segment 5.1.2 Corporate Segment 5.2 Travel And Tourism Spending 5.2.1 Outbound Tourist Trips 5.2.2 Outbound Tourist Spending 5.3 Retail Card Spending 5.3.1 Analysis By Product Categories 5.3.2 Analysis By Retail Channels 6 Analysis Of Card Payments And Growth Prospects 6.1 Channel Share Analysis By Card Category 6.2 Size And Forecast Of The Card Payments Channel 6.2.1 Analysis By Number Of Cards In Circulation 6.2.2 Analysis By Transaction Value 7 Analysis Of Credit Card Payments And Growth Prospects 7.1 Overall Category Size And Forecast 7.1.1 Analysis By Number Of Cards In Circulation 7.1.2 Analysis By Transaction Value 7.1.3 Analysis By Transaction Volume The US Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape
  4. 4. 7.2 Transaction Share Analysis By Channel 7.2.1 Analysis By Transaction Value 7.2.2 Analysis By Transaction Volume 7.3 Personal Credit Cards Category Size And Forecast 7.3.1 Analysis By Number Of Cards In Circulation 7.3.2 Analysis By Transaction Value 7.3.3 Analysis By Transaction Volume 7.4 Commercial Credit Cards Category Size And Forecast 7.4.1 Analysis By Number Of Cards In Circulation 7.4.2 Analysis By Transaction Value 7.4.3 Analysis By Transaction Volume 7.5 Competitive Landscape 7.5.1 Scheme Share Analysis 7.5.2 Issuer Share Analysis 8 Analysis Of Debit Card Payments And Growth Prospects 8.1 Overall Category Size And Forecast 8.1.1 Analysis By Number Of Cards In Circulation 8.1.2 Analysis By Transaction Value 8.1.3 Analysis By Transaction Volume 8.2 Transaction Share Analysis By Channel 8.2.1 Analysis By Transaction Value 8.2.2 Analysis By Transaction Volume 8.3 Competitive Landscape 8.3.1 Scheme Share Analysis 8.3.2 Issuer Share Analysis 9 Analysis Of Charge Card Payments And Growth Prospects 9.1 Overall Category Size And Forecast 9.1.1 Analysis By Number Of Cards In Circulation 9.1.2 Analysis By Transaction Value 9.1.3 Analysis By Transaction Volume 9.2 Transaction Share Analysis By Channel 9.2.1 Analysis By Transaction Value 9.2.2 Analysis By Transaction Volume 9.3 Personal Charge Cards Category Size And Forecast 9.3.1 Analysis By Number Of Cards In Circulation 9.3.2 Analysis By Transaction Value 9.3.3 Analysis By Transaction Volume 9.4 Commercial Charge Cards Category Size And Forecast 9.4.1 Analysis By Number Of Cards In Circulation The US Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape
  5. 5. 9.4.2 Analysis By Transaction Value 9.4.3 Analysis By Transaction Volume 10 Analysis Of Prepaid Card Payments And Growth Prospects 10.1 Overall Category Size And Forecast 10.1.1 Analysis By Number Of Cards In Circulation 10.1.2 Analysis By Transaction Value 10.2 Open-loop Prepaid Cards Segment Size And Forecast 10.2.1 Analysis By Number Of Cards In Circulation 10.2.2 Analysis By Transaction Value 10.3 Closed-loop Prepaid Cards Segment Size And Forecast 10.3.1 Analysis By Number Of Cards In Circulation 10.3.2 Analysis By Transaction Value 11 Merchant Acquiring 11.1 Merchant Acquirers In The Us 11.2 Profiles Of Acquirers 12 Company Profiles Of Card Issuers 12.1 Bank Of America Corporation 12.1.1 Key Financials 12.1.2 Card Portfolio 12.1.3 Strategies 12.2 Jpmorgan Chase 12.2.1 Key Financials 12.2.2 Card Portfolio 12.2.3 Strategies 12.3 Pnc Bank 12.3.1 Key Financials 12.3.2 Card Portfolio 12.3.3 Strategies 12.4 Wells Fargo 12.4.1 Key Financials 12.4.2 Card Portfolio 12.4.3 Strategies 12.5 Hsbc Bank Usa 12.5.1 Key Financials 12.5.2 Card Portfolio 12.5.3 Strategies The US Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape
  6. 6. 13 Appendix 13.1 Methodology 13.2 Definitions 13.3 Contact Timetric 13.4 About Timetric 13.5 Timetric’s Services 13.6 Disclaimer ResearchMoz(http://www.researchmoz.us/) is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organizations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price. Contact: M/s Sheela, 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free 866-997-4948 Email: sales@researchmoz.us Website: http://www.researchmoz.us/ The US Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape

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