Credit Card Processing

Overview

Credit due - The growing popularity of online shopping has supported industry revenue growth

IBISWorld’s Credit Card Processing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

REPORT SNAPSHOT

Industry Analysis & Industry Trends

The Credit Card Processing industry has grown consistently over the past five years, benefiting from the increasing uptake of non-cash and contactless forms of payment. Other factors such as rising household consumption expenditure, increasing discretionary income and the growing popularity of online shopping, have further supported the industry's long-term growth. Overall, industry revenue is expected to grow at an annualised 3.1% over the five years through 2016-17, to reach $3.2 billion. The industry is expected to grow by 0.6% in 2016-17, with negative consumer sentiment and a slower increase in household consumption expenditure weighing on the industry's performance...

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What is the Credit Card Processing industry?

The industry's main activity is to process transactions made using credit and debit cards. Most processing fees are generated from credit card transactions, with debit card fees making up a smaller share of revenue.

Credit cards

Credit card processing accounts for the largest share of the industry, accounting for an estimated 92.6% of revenue. Industry firms MasterCard, Visa, American Express and Diners Club facilitate credit card transactions made by consumers and businesses to merchants such as retailers. When a customer purchases goods or services from a merchant using a credit card, the customer's information is relayed to the merchant's financial institution, known as the acquirer. The...

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Additional Insights for the Credit Card Processing Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Credit Card Processing Industry are

  • Access to the latest available and most efficient technology and techniques
  • Economies of scale
  • Must comply with required product standards

    • IBISWorld analysts also discuss how external factors such as Household consumption expenditure and Demand from online shopping in the Credit Card Processing industry impact industry performance..

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    Products & Brands

    Major products in this industry
    Debit card transaction processing
    Credit card transaction processing
    Examples of brands in this Industry
    American Express
    Maestro
    MasterCard
    Visa

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Household consumption expenditure
  • Demand from online shopping
  • Consumer sentiment index
  • Demand from credit card issuance

    • Current Performance
  • Payment process
  • Non-cash and contactless payment
  • Interchange fee reforms
  • Transaction value and volumes
  • Chart: Revenue Growth

    • Industry Outlook
  • Non-cash and contactless payment
  • Digital wallets
  • Interchange fee reforms
  • Table: Credit Card Processing Industry Revenue Outlook

    • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Credit Card Processing Industry Lifecycle vs The Economy

    • Products & Markets
    Supply Chains
    Key Buying Industries
  • Consumer Goods Retailing
  • Credit Card Issuance

    • Key Selling Industries
  • Computer and Computer Peripheral Wholesaling
  • National and Regional Commercial Banks

    • Products & Services
  • Credit card transaction processing
  • Debit card transaction processing
  • Chart: Credit Card Processing Industry Products and Services Segmentation

    • Demand Determinants
    Major Markets
  • Merchants
  • Chart: Major Market Segmentation for the Credit Card Processing Industry

    • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Credit Card Processing

    • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Credit Card Processing Industry

    • Industry Globalization
    Major Companies
    Visa Inc.MasterCard Australia Holding Pty LtdAmerican Express Australia Limited
  • Table: Visa Inc. - financial performance
  • Table: MasterCard Australia Holding Pty Ltd - financial performance
  • Table: American Express Australia Limited - financial performance

    • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Credit Card Processing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

    • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

    • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Credit Card Processing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

    • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Four-Party Payment Scheme
  • Under a four-party credit card scheme, the issuer and acquirer are different financial institutions.
    • Interchange Fee
  • Acquirers pay interchange fees to issuers to cover the cost of processing transactions.
    • Three-Party Payment Scheme
  • Under a three-party payment scheme, the issuer and the acquirer are the same entity, meaning there is no need for an interchange fee.

    • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Credit Card Processing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Credit Card Processing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Credit Card Processing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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