The Credit Card Issuing industry has experienced tough times in the five years to 2014, as unfavorable regulation and lingering effects from the recession hampered revenue. In the coming years, as the economy continues to recover, renewed consumer and business confidence will encourage people to spend more. Discretionary spending will rise as the unemployment rate falls, which will provide a boon to credit card issuing companies.
This industry issues credit cards, providing the funds required to buy goods and services in return for payment on a full balance or installment basis. Credit cards issued in the United States are not issued directly by Visa, MasterCard or any other payment-solution organization. Rather, Visa, MasterCard and other similar corporations provide the actual payment systems used when payments are made by credit card.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.