“USA Cards And Payments Market”

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.

Check out For Sample Report Here @ https://marketdataforecast.com/market-reports/USA-Cards-and-Payments-Market-6687/request-sample

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

Access full Report Description @ https://marketdataforecast.com/market-reports/USA-Cards-and-Payments-Market-6687/

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.

Access full Report Description @ https://marketdataforecast.com/market-reports/USA-Cards-and-Payments-Market-6687/

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

3. Executive Summary
4. Industry Benchmarking
5. Market Attractiveness
6. Industry Enablers

7. Regulatory Framework
8. Key Industry Events
9. Merchant Acquiring Business Overview

10. Market Segmentation

11. Market Sizing

Buy Now @ https://marketdataforecast.com/cart/buy-now/USA-Cards-and-Payments-Market-6687/

About Us:

Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients

Media Contact
Company Name: Market Data Forecast
Contact Person: Abhishek Shukla
Email: Send Email
Phone: +1-888-702-9626
Address:2nd Floor, Lakeview Plaza, Kavuri Hills
City: Hyderabad
State: Telangana
Country: India
Website: marketdataforecast.com/market-reports/USA-Cards-and-Payments-Market-6687/