Consumer Payments Country Snapshot: US 2016

Riya Sharma

Description

This report provided by 24 market reports is about,In almost all areas of the payments market the US is highly competitive and features a wide range of card-issuing brands and alternative payment brands. Consumers have a great deal of choice as a result although this diversity has also led to a fragmented market in which alternative payment tools have struggled to gain market share over traditional options and the one truly generalist tool available - cash - remains highly popular.

Informations

• Publié par: riyasharma
• Publié le: 18 mai 2017
• Nombre de lectures: 1
• Langue: English

Extrait

Report Title:
Consumer Payments Country Snapshot: US 2016
Published On: 20 April, 2017 Category: Business and Finance
Pages: 43
Report Overview:
Consumer Payments Country Snapshot: US 2016 Summary In almost all areas of the payments
market the US is highly competitive and features a wide range of card-issuing brands and
alternative payment brands. Consumers have a great deal of choice as a result although this
diversity has also led to a fragmented market in which alternative payment tools have
struggled to gain market share over traditional options and the one truly generalist tool
available - cash - remains highly popular. This report examines the consumer payments market
in the US considering payment cards online payments P2P payments and newer payment
technologies such as mobile wallets and contactless. This report also examines the regulations
in force in the market that players must comply with and how these have changed in recent
years. - Analyzes consumer attitudes to financial services by lifestage. - Analyzes the major
payment card types in terms of both card holding and usage. - Identifies the major competitors
in card issuing and how their position in the market has changed over the last five years. -
Considers consumer attitudes towards prepaid cards P2P tools mobile payment tools and
contactless cards and how companies in the US are deploying these tools to meet customer
needs. - Explores the online payment market in the US by merchant type and payment tool as
well as providing a five-year forecast for the development of the market. - Considers the
regulations affecting the payments market and how they are likely to affect both incumbents
and disruptors. Scope - American credit card debt has been growing since 2012 albeit not yet
to pre-2008 levels. Due to slow growth in wages as well as the Federal Reserve raising interest
rates American consumers are increasingly burdened with debt. - The US is one of the largest
and most well-developed online commerce markets in the world with consumers spending a
total of $562bn online in 2015. The market is expected to record robust growth from 2015 to
2020 with mobile commerce expected to account for 20.8% of all online spending in 2020. -
American consumers are still highly reliant on cash at the point of sale due to its universal
applicability in the market. Smaller merchants in particular see payment card acceptance as
expensive while other merchants only accept a sub-set of the available card schemes. Reasons
to buy - Understand the key facts and figures in the consumer payments market in the US. -
Learn what trends drive consumer behavior at the macro level. - Find out what products the
major competitors are launching in the market. - Discover consumer sentiments towards
various payment tools in the US market and use this knowledge to inform product design. -
Learn about the key regulatory requirements affecting payments players in the US and any
recent or upcoming changes to those requirements.
24marketreports | International [phone] | www.24marketreports.comTable of Contents:
Table of Contents
Megatrends
Proximity Payments
Remote Payments
Payments Infrastructure & Regulation
Appendix
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