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The Cards and Payments Industry in the US: Emerging Trends and Opportunities to 2021

Published By :

Timetric

Published Date : Oct 2016

Category :

Cards & Payments

No. of Pages : 79 Pages

Synopsis
Timetrics 'The Cards and Payments Industry in the US: Emerging Trends and Opportunities to 2021' 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, direct debits, check payments, cash transactions and payment cards during the review period (20122016).

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 (20172021). It also offers information on the country's competitive landscape, including the market shares of issuers and schemes.

The report brings together Timetrics research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers details of regulatory policy and recent changes in the regulatory structure.

Summary
Timetrics 'The Cards and Payments Industry in the US: Emerging Trends and Opportunities to 2021' 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 card, credit and charge cards.

Detailed insights into payment instruments including credit transfers, direct debits, check payments, cash transactions and payment cards. It also, includes an overview of the country's key alternative payment instruments.

E-commerce market analysis and payment methods.

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 in the US cards and payments industry.

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 2016, and forecast figures to 2021.

It details the different demographic, 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.

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
Competition in the US alternative payments market increased following the emergence options such as Apple Pay, Samsung Pay and Android Pay. Banks, card issuers and retailers are also launching new solutions to compete in the market. For instance, JPMorgan Chase offers Chase Pay, Walmart launched Walmart Pay in July 2016, while Capital One and Wells Fargo launched the digital Capital One wallet in 2014, followed by the Wells Fargo wallet in May 2016. The emergence of new solutions is likely to intensify competition in the US alternative payments market.

The US governments endorsement of Apple Pay is expected to enhance the contactless payment infrastructure, primarily due to the governments announcement in September 2015 that it will use Apple Pay for social security benefits, national park admissions and other similar services. The deal allows social security and veterans benefits recipients to add government-issued debit cards to Apple Pay. As nearly 50% of the population benefits from some form of federal welfare scheme, this initiative is anticipated to further drive mobile payments (m-payments) in the country.

The Europay, MasterCard, Visa (EMV) liability shift, as agreed by US card networks, was enforced on October 1, 2015. The shift requires that the least secure party in a transaction is liable for costs resulting from fraudulent transactions in a non-EMV environment. Consequently, merchants are at risk if they fail to install EMV-compliant infrastructure. As a result, the number of EMV cards rose significantly from 2.7 million in 2012 and is anticipated to reach 700 million by the end of 2016.
Table of Contents
1 DEFINITIONS AND METHODOLOGY
1.1 Definitions
1.2 Methodology
2 KEY FACTS AND HIGHLIGHTS
3 EXECUTIVE SUMMARY
4 PAYMENT INSTRUMENTS
4.1 Current Payment Environment
5 E-COMMERCE AND ALTERNATIVE PAYMENTS
5.1 E-Commerce Market Analysis
5.2 Alternative Payment Solutions
5.2.1 PayPal
5.2.2 Apple Pay
5.2.3 Android Pay
5.2.4 Samsung Pay
5.2.5 Chase Pay
5.2.6 Walmart Pay
5.2.7 Capital One wallet
5.2.8 Dunkin Donuts mobile wallet
5.2.9 Starbucks mobile wallet
5.2.10 Wells Fargo wallet
5.2.11 Citi wallet
5.2.12 Visa Checkout
5.2.13 American Express Checkout
5.2.14 MasterPass
6 REGULATION IN THE CARDS AND PAYMENTS INDUSTRY
6.1 Regulatory Framework
6.2 Anti-Money Laundering (AML)
6.3 Foreign Direct Investment (FDI) Regulations
7 ANALYSIS OF CARDS AND PAYMENTS INDUSTRY DRIVERS
8 PAYMENT CARDS
8.1 EMV Migration in the US
9 DEBIT CARDS
9.1 Debit Cards Market Analysis
9.1.1 Debit card scheme and issuer shares in terms of transaction value
9.1.2 Debit cards comparison
10 PAY LATER CARDS
10.1 Pay Later Cards Market Analysis
10.1.1 Pay later card scheme and issuer shares in terms of transaction value
10.1.2 Pay later cards comparison
11 CARD ISSUERS
11.1 JPMorgan Chase & Co.
11.2 American Express Company
11.3 Bank of America Corporation
11.4 Wells Fargo & Company
11.5 Citibank
12 PREPAID CARDS
13 PRIVATE LABEL CARDS
13.1 Private Label Cards Comparison
14 MERCHANT ACQUIRING
15 APPENDIX
15.1 Tables
15.2 Contact Timetric
15.3 About Timetric
15.4 Timetrics Services
15.5 Disclaimer

List of Tables
Table 1: Key Definitions
Table 2: The US Key Facts, 2016
Table 3: Regional Benchmarking of the US Payment Cards, 2016
Table 4: The US Mode of Entry of Foreign Banks
Table 5: The US Liability Scenarios From Most to Least Secure
Table 6: The US Number of EMV Cards and Adoption Rate, 20142015
Table 7: The US Debit Cards Comparison and Key Features, 2016
Table 8: The US Gold Credit Cards Comparison and Key Features, 2016
Table 9: The US Premium Credit Cards Comparison and Key Features, 2016
Table 10: The US Charge Cards Comparison and Key Features, 2016
Table 11: The US Private Label Credit Cards Comparison and Key Features, 2016
Table 12: The US Payment Instrument Transaction Values (US$ Trillion), 20122016
Table 13: The US Payment Instrument Transaction Volumes (Billion), 20122016
Table 14: The US Number of Payment Cards in Circulation by Type (Million), 20122021
Table 15: The US Volume of Payment Card Transactions by Type (Billion), 20122021
Table 16: The US Value of Payment Card Transactions by Type (US$ Billion), 20122021
Table 17: The US Number of Debit Cards in Circulation (Million), 20122021
Table 18: The US Debit Card Transaction Volumes and Frequency by Channel, 20122021
Table 19: The US Debit Card Total and Average Transaction Values by Channel, 20122021
Table 20: The US Number of Debit Cards in Circulation by Scheme (Million), 20122016
Table 21: The US Debit Card Transaction Values by Scheme (US$ Billion), 20122016
Table 22: The US Debit Card Transaction Values by Issuer (US$ Billion), 20122016
Table 23: The US Number of Pay Later Cards in Circulation (Million), 20122021
Table 24: The US Pay Later Card Transaction Volumes and Frequency by Channel, 20122021
Table 25: The US Pay Later Card Total and Average Transaction Values by Channel, 20122021
Table 26: The US Number of Pay Later Cards in Circulation by Scheme (Million), 20122016
Table 27: The US Pay Later Card Transaction Values by Scheme (US$ Billion), 20122016
Table 28: The US Pay Later Card Transaction Values by Issuer (US$ Billion), 20122016
Table 29: The US Number of Credit Cards in Circulation (Million), 20122021
Table 30: The US Credit Card Transaction Volumes and Frequency by Channel, 20122021
Table 31: The US Credit Card Total and Average Transaction Values by Channel, 20122021
Table 32: The US Number of Credit Cards in Circulation by Scheme (Million), 20122016
Table 33: The US Credit Card Transaction Values by Scheme (US$ Billion), 20122016
Table 34: The US Number of Charge Cards in Circulation (Million), 20122021
Table 35: The US Charge Card Transaction Volumes and Frequency by Channel, 20122021
Table 36: The US Charge Card Total and Average Transaction Values by Channel, 20122021
Table 37: The US Number of Charge Cards in Circulation by Scheme (Million), 20122016
Table 38: The US Charge Card Transaction Values by Scheme (US$ Billion), 20122016
Table 39: The US Personal and Commercial Pay Later Card Transaction Volumes (Billion), 20122021
Table 40: The US Personal and Commercial Pay Later Card Transaction Values (US$ Billion), 20122021
Table 41: The US Number of Commercial Pay Later Cards in Circulation (Million), 20122021
Table 42: The US Commercial Pay Later Card Transaction Volumes (Billion), 20122021
Table 43: The US Commercial Pay Later Card Transaction Values (US$ Billion), 20122021
Table 44: The US Number of Prepaid Cards in Circulation (Million), 20122021
Table 45: The US Prepaid Card Transaction Values (US$ Billion), 20122021
Table 46: The US Merchant Acquiring Transaction Volumes (Billion), 20122021
Table 47: The US Merchant Acquiring Transaction Values (US$ Trillion), 20122021
Table 48: The US Acquirers Transaction Volumes (Billion), 20122016
Table 49: The US Acquirers Transaction Values (US$ Billion), 20122016
Table 50: The US Retail Outlets and Card Accepting Merchants (Million), 20122021
Table 51: The US Debit Card, Average Interchange Fees: Intra-Network Transactions (%), 20122016
Table 52: The US Debit Card, Average Merchant Service Charge and Interchange Fee (%), 20122021
Table 53: The US Pay Later Card, Average Interchange Fees: Intra-Network Transactions (%), 20122016
Table 54: The US Pay Later Card, Average Merchant Service Charge and Interchange Fee (%), 20122021
Table 55: The US EMV Deployment, Regional Definitions

List of Figures
Figure 1: The US Payment Instrument Shares by Transaction Value (%), 2012 vs. 2016
Figure 2: The US Payment Instrument Shares by Transaction Volume (%), 2012 vs. 2016
Figure 3: E-Commerce Value, 20122021
Figure 4: The US E-Commerce Payment Methods, 2016
Figure 5: The US Population
Figure 6: The US Economic Indicators
Figure 7: The US ATMs and POS Terminals
Figure 8: The US Household Consumption
Figure 9: The US Growth in Payment Card Transaction Values and Number of Cards in Circulation by Type, 20122021
Figure 10: EMV Migration Timeline in the US
Figure 11: The US Number of EMV Cards and EMV-Capable POS Terminals (Million), 20122016
Figure 12: The US Debit Card Penetration and Turnover Per Card
Figure 13: The US Debit Card Scheme and Issuer Shares in Terms of Transaction Value (%), 2016
Figure 14: The US Pay Later Card Penetration and Turnover Per Card
Figure 15: The US Pay Later Card Scheme and Issuer Shares in Terms of Transaction Value (%), 2016
Figure 16: The US Number of Prepaid Cards in Circulation and Transaction Value, 20122021
Figure 17: The US Private Label Card Transaction Volumes and Values, 20122015
Figure 18: The US Merchant Acquiring Transaction Volume and Value, 20122021
Figure 19: The US Acquirers Market Share in Terms of Transaction Volume and Value (%), 2016
Figure 20: The US Average Merchant Service Charge and Interchange Fee (%), 20122021

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