Credit Card Issuing in the US - Industry Market Research Report

Credit Card Issuing in the US - Industry Market Research Report

Credit Card Issuing in the US

Over the five years to 2019, the Credit Card Issuing industry is expected to grow, as lower unemployment rates and higher disposable incomes among consumers helped expand the volume and value of credit card purchases in the United States. The rise of e-commerce and mobile technology has made consumers and businesses increasingly comfortable with shopping and selling online. However, increased regulation and security concerns over company-level data are quickly increasing costs for industry operators. Over the five years to 2027, growth in the industry is expected to remain steady as the transition away from cash and checks toward debit and credit cards continues for consumers and businesses in an increasingly digitalized world. Moreover, competition is anticipated to continue increasing as both small and large financial institutions enter the industry to meet the demands of their customers for easily accessible and secure technology.

The Credit Card Issuing 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 Inc. (Visa), MasterCard Incorporated (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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.