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

Published: Nov, 2015 | Pages: 86 | Publisher: Timetric
Industry: Financial Services | Report Format: Electronic (PDF)

Synopsis
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 check payments, credit transfers, direct debits, payment cards and cash transactions 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 and profiles of card issuers operating in the country.
Summary
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 card, credit and charge cards. It also includes detailed analysis of the prepaid card market.

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

E-commerce market analysis and online payment types.

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.
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 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.

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 Europay, MasterCard, Visa (EMV) liability shift, as agreed by US card networks, was enforced on October 1, 2015. The liability 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.

To compete with Apple Pay, Google launched a new m-payment service, Android Pay, in March 2015, allowing consumers to use an Android phone to pay for goods and services at POS terminals using contactless technology. Following the launch of Android Pay, South Korean company Samsung Electronics launched Samsung Pay in September 2015. Other competitors entering the m-payment market are CurrentC and Chase Pay. These initiatives are expected to advance the development of m-payment in the US.

In September 2015, the US government announced plans to accept Apple Pay payments for social security benefits, national park admissions and other similar services. The deal will enable 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 will drive m-payments in the country. The US government's endorsement of Apple Pay is expected to enhance the contactless payment infrastructure over the forecast period (2015-2019).

 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 Payment Environment
5 E-Commerce
5.1 E-Commerce Market Analysis
6 Alternative Payments
6.1 Alternative Payment Instruments
6.1.1 Samsung Pay
6.1.2 Android Pay
6.1.3 Apple Pay
6.1.4 Starbucks mobile wallet
6.1.5 Dunkin Donuts mobile wallet
6.1.6 Capital One wallet
6.1.7 PayPal
6.1.8 CurrentC
6.1.9 MasterPass
6.1.10 Chase Pay
7 Regulations in the Cards and Payments Industry
7.1 Regulatory Framework
7.1.1 Security regulations and guidelines
7.1.2 Guidelines for prepaid card issuers
7.2 Anti-Money Laundering (AML)
7.3 Foreign Direct Investment (FDI) Regulations
8 Analysis of Cards and Payments Industry Drivers
8.1 Demographic Drivers
8.2 Economic Drivers
8.3 Infrastructure Drivers
8.4 Business Drivers
9 Market Segmentation and New Product Launches
9.1 Market Segmentation and Targeting
9.1.1 Consumer cards
9.1.2 Commercial cards
9.2 New Product Launches
10 Payment Cards
10.1 Payment Cards Analysis
10.1.1 Volume and value of payment card transactions by type
10.1.2 Personal vs commercial cards
10.1.3 EMV migration
11 Debit Cards
11.1 Debit Card Market Analysis
11.1.1 Debit card transaction volumes and values by channel
11.1.2 Debit card scheme and issuer shares in terms of transaction value
11.1.3 Debit cards comparison
12 Credit Cards
12.1 Credit Card Market Analysis
12.1.1 Credit card transaction volumes and values by channel
12.1.2 Credit card scheme and issuer shares in terms of transaction value
12.1.3 Credit cards comparison
13 Charge Cards
13.1 Charge Card Market Analysis
13.1.1 Charge card transaction volumes and values by channel
13.1.2 Charge card scheme shares in terms of transaction value
13.1.3 Charge cards comparison
14 Commercial Cards
14.1 Commercial Card Market Analysis
14.1.1 Commercial cards comparison
15 Card Issuers
15.1 JPMorgan Chase & Co.
15.2 Bank of America Corporation
15.3 American Express Company
15.4 Wells Fargo & Company
15.5 Citibank
16 Prepaid Cards
16.1 Prepaid Card Market Analysis
16.1.1 Prepaid cards comparison
17 Private Label Cards
17.1 Private Label Card Market Analysis
17.1.1 Private label cards comparison
18 Merchant Acquiring
18.1 Merchant Acquiring Market Analysis
19 Appendix
19.1 Tables
19.2 Contact Timetric
19.3 About Timetric
19.4 Timetric's Services
19.5 Disclaimer

List of Tables
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 Young 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 - Debit Cards Comparison and Key Features, 2015
Table 15: The US - Premium Credit Cards Comparison and Key Features, 2015
Table 16: The US - Charge Cards Comparison and Key Features, 2015
Table 17: The US - Commercial Cards Comparison and Key Features, 2015
Table 18: The US - Prepaid Cards Comparison and Key Features, 2015
Table 19: The US - Private Label Credit Cards Comparison and Key Features, 2015
Table 20: The US - Payment Instrument Transaction Values (US$ Trillion), 2010-2014
Table 21: The US - Payment Instrument Transaction Volumes (Billion), 2010-2014
Table 22: The US - Number of Payment Cards in Circulation by Type (Million), 2010-2019
Table 23: The US - Volume of Payment Card Transactions by Type (Billion), 2010-2019
Table 24: The US - Value of Payment Card Transactions by Type (US$ Billion), 2010-2019
Table 25: The US - Personal and Commercial Card Transaction Volumes (Billion), 2010-2019
Table 26: The US - Personal and Commercial Card Transaction Values (US$ Billion), 2010-2019
Table 27: The US - Number of Debit Cards in Circulation (Million), 2010-2019
Table 28: The US - Debit Card Transaction Volumes and Frequency by Channel, 2010-2019
Table 29: The US - Debit Card Total and Average Transaction Value by Channel, 2010-2019
Table 30: The US - Number of Debit Cards in Circulation By Scheme (Million), 2010-2014
Table 31: The US - Debit Card Transaction Values By Scheme (US$ Billion), 2010-2014
Table 32: The US - Debit Card Transaction Values by Issuer (US$ Billion), 2010-2014
Table 33: The US - Number of Credit Cards in Circulation (Million), 2010-2019
Table 34: The US - Credit Card Transaction Volumes and Frequency by Channel, 2010-2019
Table 35: The US - Credit Card Total and Average Transaction Values by Channel, 2010-2019
Table 36: The US - Number of Credit Cards in Circulation By Scheme (Million), 2010-2014
Table 37: The US - Credit Card Transaction Values By Scheme (US$ Billion), 2010-2014
Table 38: The US - Pay Later Card Transaction Values By Issuer (US$ Billion), 2010-2014
Table 39: The US - Credit Card Balances Outstanding By Issuer (US$ Billion), 2010-2014
Table 40: The US - Number of Charge Cards in Circulation (Million), 2009-2018
Table 41: The US - Charge Card Transaction Volumes and Frequency by Channel, 2009-2018
Table 42: The US - Charge Card Total and Average Transaction Values by Channel, 2009-2018
Table 43: The US - Number of Charge Cards in Circulation By Scheme (Million), 2010-2014
Table 44: The US - Charge Card Transaction Values By Scheme (US$ Billion), 2009-2014
Table 45: The US - Number of Commercial Cards in Circulation (Million), 2010-2019
Table 46: The US - Commercial Card Transaction Values (US$ Billion), 2010-2019
Table 47: The US - Number of Prepaid Cards in Circulation (Million), 2010-2019
Table 48: The US - Prepaid Card Transaction Values (US$ Billion), 2010-2019
Table 49: The US - Merchant Acquiring Transaction Volumes by Channel (Billion), 2010-2019
Table 50: The US - Merchant Acquiring Transaction Values (US$ Trillion), 2010-2019
Table 51: The US - Acquirers' Transaction Volumes (Billion), 2010-2014
Table 52: The US - Acquirers' Transaction Values (US$ Billion), 2010-2014
Table 53: The US - Retail Outlets and Merchant Accounts (Million), 2010-2019