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The Cards and Payments Industry in the US: Emerging Trends and Opportunities to 2019

Published By :

Timetric

Published Date : May 2015

Category :

Banking

No. of Pages : 82 Pages

Synopsis

Timetric’s 'The Cards and Payments Industry in the US: Emerging Trends and Opportunities to 2019' report provides top-level market analysis, information and insights into the US cards and payments industry, including:

  • Current and forecast values for each market in the US cards and payments industry, including debit cards, credit cards and charge cards. It also includes detailed analysis of the prepaid cards market.
  • Detailed insights into payment instruments including credit transfers, check payments, cash transactions, payment cards and direct debits. It also, includes an overview of the country's key alternative payment instruments.
  • Analysis of various market drivers and regulations governing the US cards and payments industry.
  • Detailed analysis of strategies adopted by banks and other institutions to market debit, credit and charge cards.
  • Comprehensive analysis of consumer attitudes and buying preferences for cards.
  • The competitive landscape of the US cards and payments industry.

Executive summary

  • Timetric’s 'The Cards and Payments Industry in the US: Emerging Trends and Opportunities to 2019' report provides detailed analysis of market trends in the US cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including credit transfers, check payments, cash transactions, payment cards and direct debits during the review period (2010–2014).
  • The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, and transaction values and volumes during the review period and over the forecast period (2015–2019). It also offers information on the country's competitive landscape, including market shares of issuers and schemes.
  • The report brings together Timetric’s research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers detailed regulatory policies, recent changes in regulatory structure, card fraud statistics, and profiles of card issuers operating in the country.

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 2014, and forecast figures to 2019.
  • It details the different economic, infrastructural and business drivers affecting the US cards and payments industry.
  • It outlines the current regulatory framework in the industry.
  • It details marketing strategies used by various banks and other institutions.
  • It profiles major banks in the US cards and payments industry.

Reasons to buy

  • Make strategic business decisions, using top-level 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 in the US cards and payments industry.
  • Assess the competitive dynamics in the US cards and payments industry.
  • Gain insights into marketing strategies used for various card types in the US.
  • Gain insights into key regulations governing the US cards and payments industry.

Key highlights

  • The US has the world’s largest payments market, and one of the highest levels of card penetration. In 2014, the US accounted for 86.0% and 87.7% of North America’s transaction value and volume respectively.
  • Electronic payments have steadily gained ground in the US, and in terms of transaction volume they have overtaken the once-dominant check. The decline in check transactions gathered pace in the last 10 years, largely due to a surge in the conversion of checks into automated clearing house (ACH) debits.
  • The shift towards electronic payments has also been aided by contactless technology, which was launched in 2004 and is now gaining significant momentum. US consumers have a variety of contactless propositions to choose from, as all major payment networks – Visa, MasterCard, American Express and Discover – have contactless cards available to consumers.
Table of Contents

1 Definitions and Methodology
1.1 Definitions
1.2 Methodology

2 Key Facts and Events

3 Executive Summary

4 Payment Instruments
4.1 Current Payments Environment
4.2 Alternative Payment Instruments
4.2.1 Mobile payments
4.2.2 Apple Pay
4.2.3 Android Pay
4.2.4 Starbucks mobile wallet
4.2.5 Dunkin Donuts mobile wallet
4.2.6 PayPal
4.2.7 Softcard
4.2.8 CurrentC
4.2.9 LoopPay
4.2.10 MasterPass

5 Regulations in the Cards and Payments Industry
5.1 Regulatory Framework
5.1.1 Security regulations and guidelines
5.1.2 Guidelines for prepaid card issuers
5.2 Anti-Money Laundering (AML)
5.3 Foreign Direct Investment (FDI) Regulations

6 Analysis of Cards and Payments Industry Drivers
6.1 Demographic Drivers
6.2 Economic Drivers
6.3 Infrastructure Drivers
6.4 Business Drivers

7 Market Segmentation and New Product Launches
7.1 Market Segmentation and Targeting
7.1.1 Consumer cards
7.1.2 Commercial cards
7.2 New Product Launches

8 Payment Cards
8.1 Payment Cards Analysis
8.1.1 Volume and value of payment card transactions by type
8.1.2 Personal vs commercial cards

9 Debit Cards
9.1 Debit Cards Market Analysis
9.1.1 Debit cards transaction volume and value by channel
9.1.2 Debit cards scheme shares in terms of number of cards in circulation and transaction value
9.1.3 Debit card issuers’ market shares
9.1.4 Debit cards comparison

10 Credit Cards
10.1 Credit Cards Market Analysis
10.1.1 Credit card transaction volumes and values by channel
10.1.2 Credit card scheme shares in terms of number of cards in circulation and transaction value
10.1.3 Credit card issuers’ market shares
10.1.4 Credit cards comparison

11 Charge Cards
11.1 Charge Cards Market Analysis
11.1.1 Charge card transaction volumes and values by channel
11.1.2 Charge card scheme shares in terms of number of cards in circulation and transaction value
11.1.3 Charge cards comparison

12 Commercial Cards
12.1 Commercial Cards Market Analysis
12.1.1 Commercial cards comparison

13 Card Fraud Statistics
13.1 Card Fraud Analysis

14 Card Issuers
14.1 JPMorgan Chase & Co.
14.2 Bank of America Corporation
14.3 American Express Company
14.4 Wells Fargo & Company
14.5 Citibank

15 Prepaid Cards
15.1 Prepaid Cards Market Analysis
15.1.1 Prepaid cards comparison

16 Merchant Acquiring
16.1 Merchant Acquiring Market Analysis

17 Appendix
17.1 Tables
17.2 Contact Timetric
17.3 About Timetric
17.4 Timetric’s Services
17.5 Disclaimer

List of Table

Table 1: Key Definitions
Table 2: The US – Key Facts, 2014
Table 3: Regional Benchmarking of the US Payment Cards, 2014
Table 4: The US – Mode of Entry of Foreign Banks
Table 5: Cards for High-Income Consumers, 2015
Table 6: Cards for Travelers, 2015
Table 7: Cards for Students and Youth Population, 2015
Table 8: Cashback Credit Cards, 2015
Table 9: Shopping Reward Credit Cards, 2015
Table 10: Balance Transfer Cards, 2015
Table 11: Cards for Consumers with Bad Credit History, 2015
Table 12: Commercial Cards Comparison and Key Features, 2015
Table 13: The US – New Product Launches
Table 14: The US – Pay Now, Average Interchange Fees: Intra-Network Transactions (%), 2010–2014
Table 15: The US – Pay Now, Average Merchant Service Charge: Domestic Transactions (%), 2010–2019
Table 16: The US – Debit Cards Comparison and Key Features, 2015
Table 17: The US – Pay Later, Average Interchange Fees: Intra-Network Transactions (%), 2010–2014
Table 18: The US – Pay Later, Average Merchant Service Charge: Domestic Transactions (%), 2010–2019
Table 19: The US – Premium Credit Cards Comparison and Key Features, 2015
Table 20: The US – Charge Cards Comparison and Key Features, 2015
Table 21: The US – Commercial Cards Comparison and Key Features, 2015
Table 22: The US – Prepaid Cards Comparison and Key Features, 2015
Table 23: The US – Payment Instrument Transaction Values (US$ Trillion), 2010–2014
Table 24: The US – Payment Instrument Transaction Volumes (Billion), 2010–2014
Table 25: The US – Number of Payment Cards in Circulation by Type (Million), 2010–2019
Table 26: The US – Volume of Payment Card Transactions by Type (Billion), 2010–2019
Table 27: The US – Value of Payment Card Transactions by Type (US$ Billion), 2010–2019
Table 28: The US – Personal and Commercial Card Transaction Volumes (Billion), 2010–2019
Table 29: The US – Personal and Commercial Card Transaction Values (US$ Billion), 2010–2019
Table 30: The US – Number of Debit Cards in Circulation (Million), 2010–2019
Table 31: The US – Debit Card Transaction Volumes and Frequency by Channel, 2010–2019
Table 32: The US – Debit Card Total and Average Transaction Values by Channel, 2010–2019
Table 33: The US – Number of Debit Cards in Circulation by Scheme (Million), 2010–2014
Table 34: The US – Debit Card Transaction Values by Scheme (US$ Billion), 2010–2014
Table 35: The US – Debit Card Transaction Values by Issuer (US$ Billion), 2010–2014
Table 36: The US – Number of Credit Cards in Circulation (Million), 2010–2019
Table 37: The US – Credit Card Transaction Volumes and Frequency by Channel, 2010–2019
Table 38: The US – Credit Card Total and Average Transaction Values by Channel, 2010–2019
Table 39: The US – Number of Credit Cards in Circulation by Scheme (Million), 2010–2014
Table 40: The US – Credit Card Transaction Values by Scheme (US$ Billion), 2010–2014
Table 41: The US – Credit Card Transaction Values by Issuer (US$ Billion), 2010–2014
Table 42: The US – Credit Card Balances Outstanding by Issuer (US$ Billion), 2010–2014
Table 43: The US – Number of Charge Cards in Circulation (Million), 2010–2019
Table 44: The US – Charge Card Transaction Volumes and Frequency by Channel, 2010–2019
Table 45: The US – Charge Card Total and Average Transaction Values by Channel, 2010–2019
Table 46: The US – Number of Charge Cards in Circulation by Scheme (Million), 2010–2014
Table 47: The US – Charge Card Transaction Values by Scheme (US$ Billion), 2010–2014
Table 48: The US – Number of Commercial Cards in Circulation (Million), 2010–2019
Table 49: The US – Commercial Card Transaction Values (US$ Million), 2010–2019
Table 50: The US – Card Fraud (US$ Million), 2010–2014
Table 51: The US – Number of Prepaid Cards in Circulation (Million), 2010–2019
Table 52: The US – Prepaid Card Transaction Values (US$ Billion), 2010–2019
Table 53: The US – Merchant Acquiring Transaction Volumes by Card Type (Billion), 2010–2019
Table 54: The US – Merchant Acquiring Total Transaction Values (US$ Trillion), 2010–2019
Table 55: The US – Retail Outlets and Total Merchant Accounts (Million), 2010–2019
Table 56: The US – Acquirers’ Transaction Volumes (Billion), 2010–2014
Table 57: The US – Acquirers’ Transaction Values (US$ Billion), 2010–2014

List of Chart

Figure 1: The US – Payment Instrument Shares by Transaction Value (%), 2010 and 2014
Figure 2: The US – Payment Instruments Shares by Transaction Volume (%), 2010 and 2014
Figure 3: The US – Total Population and Structure, 2014
Figure 4: The US – Internet and Mobile Penetration (Users per 100 Inhabitants), 2010–2019
Figure 5: The US – Economic Indicators, 2010–2019
Figure 6: The US – Number of ATMs, POS Terminals and Commercial Bank Branches, 2010–2019
Figure 7: The US – Household Final Consumption Expenditure and Retail Sales, 2010–2014
Figure 8: The US – E-Commerce Value (US$ Billion), 2010–2019
Figure 9: The US – Outbound and Inbound Trips Volume and Spending, 2010–2019
Figure 10: The US – Cards and Payments Industry Segmentation by Card Type, 2015
Figure 11: The US – Growth in Payment Cards Transaction Value and Number of Cards in Circulation by Type, 2010–2019
Figure 12: The US – Volume and Value of Payment Card Transactions by Type (%), 2010–2019
Figure 13: The US – Personal and Commercial Cards, Transaction Volume and Value (%), 2010–2019
Figure 14: The US – Growth in Debit Cards Transaction Value and Number of Debit Cards in Circulation, 2010–2019
Figure 15: The US – Debit Cards Transaction Volume and Value by Channel, 2010–2019
Figure 16: The US – Debit Card Scheme Shares in Terms of Number of Cards in Circulation and Transaction Value (%), 2014
Figure 17: The US – Debit Card Issuers’ Market Shares in Terms of Transaction Value (%), 2014
Figure 18: The US – Growth in Credit Cards Transaction Value and Number of Credit Cards in Circulation, 2010–2019
Figure 19: The US – Credit Card Transaction Volumes and Values by Channel, 2010–2019
Figure 20: The US – Credit Card Scheme Shares in Terms of Number of Cards in Circulation and Transaction Value (%), 2014
Figure 21: The US – Credit Cards Issuers’ Market Share in Terms of Transaction Value (%), 2014
Figure 22: The US – Credit Card Issuers’ Market Shares in Terms of Outstanding Balance (%), 2014
Figure 23: The US – Growth in Charge Cards Transaction Value and Number of Charge Cards in Circulation, 2010–2019
Figure 24: The US – Charge Card Transaction Volumes and Values by Channel, 2010–2019
Figure 25: The US – Charge Card Scheme Shares in Terms of Number of Cards in Circulation and Transaction Value (%), 2014
Figure 26: The US – Number of Commercial Cards in Circulation and Transaction Value, 2010–2019
Figure 27: The US – Shares of Various Types of Card Fraud in Terms of Transaction Value (%), 2010 and 2014
Figure 28: The US – Number of Prepaid Cards in Circulation and Transaction Value, 2010–2019
Figure 29: The US – Merchant Acquiring Transaction Volume and Value, 2010–2019
Figure 30: The US – Merchant Acquirers’ Market Share in Terms of Transaction Volume and Value %, 2014
Figure 31: The US – Number of Retail Outlets and Total Merchant Accounts (Million), 2010–2019

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