In the five years to 2015, the Credit Card Processing and Money Transferring industry is expected to experience consistent growth as processors continue to enjoy large-scale implementation of electronic payment technology. Over the period, the ratio of electronic payments to cash and check payments has increased, driving up transaction volume for processors in the industry and resulting in increased revenue. In the next five years, consumer confidence is expected to continue rising, thus expanding the amount consumers spend and increasing transaction volumes. Additionally, more merchants are expected to accept electronic methods of payments, supporting industry growth.
This industry offers financial transaction processing, reserve and liquidity services and check or other financial instrument clearinghouse services. The industry excludes electronic transactions associated with the US Federal Reserve (central bank).
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.