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USA Cards And Payments Market By Cards, By Payment Terminals, By Payment Instruments

“USA Cards And Payments Market”

USA Cards And Payments Market – By Cards (Debit Cards, Credit Cards, Prepaid Cards), By Payment Terminals (POS And ATM’s), By Payment Instruments (Credit Transfers, Direct Debit, Cheques And Payment Cards) – Transaction Value, Volumes, Historical Trends, Analysis And Forecasts (2017 -2022)

Market Sizing

The USA cards and payments market are the second-largest in the world after China, and most highly competitive market for payment cards. The market is mature, with a high penetration of debit and pay later cards.  Debit cards are being increasingly used for small ticket purchases, while pay later cards are used for medium to high-value purchases. Balance transfer and reward cards featuring cashback are increasingly gaining popularity among the consumers.

In terms of transaction value, the USA cards and payments market crossed the US$7 Tn mark and saw close to 117 billion transactions in 2018. Consumers are increasingly making low-value payments with cards, as evident by the decreasing average transaction values. With financial institutions making a push for contactless cards, the average transaction values are anticipated to further decrease.

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Industry Enablers

The US e-commerce continues to grow at a steady pace. While payment cards and PayPal continue their dominance for online purchases, emerging payment solutions including Apple Pay, Samsung Pay, Google Pay, Chase Pay and Amazon Pay are gaining prominence.

Payment cards in the US have traditionally used a magnetic stripe. But a nationwide migration to EMV standard is now underway with major banks, replacing magnetic stripe with chip and PIN. The adoption of EMV cards was largely triggered by EMV fraud liability shift deadline on October 1, 2015.

Regulatory Framework

With increasing preference for prepaid cards among consumers, the Consumer Financial Protection Bureau (CFPB) in October 2016 introduced a slew of measures aimed to strengthen consumer protection for prepaid cardholders. The rule also requires card issuers to disclose the cards’ fee including monthly fees, extra charges for customer service and fees for ATM withdrawals and balance inquiries.

Some of the dominating players profiled in the US Cards and Payments Market report:

  1. JPMorgan Chase
  2. Wells Fargo
  3. Capital One
  4. Vantiv
  5. First Data
  6. Worldpay
  7. American Express Company
  8. Citigroup Inc
  9. Bank of America Corporation
  10. Capital One Financial Corporation

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Key Operators

American Express, JPMorgan Chase, Wells Fargo, Capital One, Visa and Mastercard continue their dominance in the payment cards market. The merchant acquiring market has witnessed the largest acquisition with Vantiv acquiring Worldpay for US$10 Bn.

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Table of Contents:

  1. Definitions
  2. Research Methodology
  1. Research Process
    1. Market Sizing
    2. Competitor Analysis
    3. Market Forecasting
    4. Quality Control Process
    5. Emerging Payment Technologies
    6. Growing E-commerce Market
      1. E-commerce Mix by Payment Method
    7. EMV Migration
    8. Contactless Cards
    9. Business Overview & Key Operators
    10. Regulatory Framework
    11. Technological Changes
    12. Cards for Students
    13. Cards for Travelers
    14. Cards for High-income Customers
    15. Cards for Frequent Shoppers
    16. Debit Cards Market Overview
      1. Scheme Providers
      2. Key Issuers
    17. Pay Later Cards Market Overview
      1. Scheme Providers
      2. Key Issuers
    18. Payment Terminals Market
    19. Payment Instruments Market
  1. Executive Summary
  2. Industry Benchmarking
  3. Market Attractiveness
  4. Industry Enablers
  1. Regulatory Framework
  2. Key Industry Events
  3. Merchant Acquiring Business Overview
  1. Market Segmentation
  1. Market Sizing

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