Financial Cards in the US
Euromonitor International's Financial Cards in the US report establishes the size and structure of the market for ATMs, credit cards, debit cards, store cards and smart cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.
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Tables: 99 | Publication date: Mar 2007
Why buy this report
- Get insight into trends in market performance
- Pinpoint growth sectors and identify factors driving change
- Identify market and brand leaders and understand the competitive environment
Product coverage
Financial cards in circulation; Transactions
Executive summary
Healthy economy spurs financial card growth
Positive economic indicators and increased consumer credit helped create growth in every type of financial card in 2006. Lower interest rates and increased employment continue to compel Americans to save less and have helped push consumer debt to a record high, which has encouraged card use. Credit card, debit card and electronic payment use now eclipses paper checks in the US according to the Federal Reserve, and card issuers continue to respond to this preference by offering cards with more customised rewards incentives and newer technologies to lure new customers.
Pre-paid cards show potential
Pre-paid cards were the fastest growing area of financial cards in 2006. Much of this came from gift cards, which have all but replaced the gift certificates of the past and are used by retailers to encourage brand loyalty and repeat visits to the store. But pre-paid cards are replacing traditional payment forms in many other areas as well, from government social security benefits to closed loop transit and parking cards to pre-paid debit cards targeting the un-banked consumer. More and more consumers are choosing the convenience of stored value cards to help with tasks in their everyday lives.
Debit cards become payment of choice for consumers
Consumers have adopted debit cards as their preferred payment type with increasing frequency over the last five years. In 2005, the number of debit card transactions surpassed the number of personal credit card transactions for the first time. Debit card growth has been helped by the more widespread merchant acceptance of PIN and signature debit, as well as an increase in online purchasing. Debit cards have also largely replaced traditional ATM cards, and contributed towards a steady increase in ATM transactions.
Micropayments become focus
Credit card issuers and operators have recently turned their attention towards capturing micropayments, or payments under US$5. Visa, MasterCard and American Express have all invested in contactless card technology in the last few years, and these systems have rolled out especially in fast food, petrol/gas station and convenience store outlets where consumers are more inclined to make small purchases and be more concerned with minimising their time in the store. By waving contactless cards in front of a scanner, seconds are shaved off the transaction time, and rewards programmes featuring points or credits towards petrol/gas purchases are also often in place to encourage further use of these cards. Future potential adoption of electronic payments in areas like vending machines and mobile phones mean that micropayments will continue to offer a large opportunity for card issuers.
Table of contents
FINANCIAL CARDS IN THE US : MARKET INSIGHT
EXECUTIVE SUMMARY
Healthy economy spurs financial card growth
Pre-paid cards show potential
Debit cards become payment of choice for consumers
Micropayments become focus
KEY TRENDS AND DEVELOPMENTS
Economic indicators positive
Demand for convenience increases with hectic lifestyles
Internet retailing on the rise
Average household size decreases and ages
MARKET INDICATORS
Table 1 Number of POS Terminals 2004-2006
Table 2 Number of ATMs 2004-2006
Table 3 Disposable Income 2001-2006
Table 4 Consumer Credit 2001-2006
Table 5 Value Lost to Fraud 2001-2006
MARKET DATA
Table 6 Financial Cards: Transactions 2001-2006
Table 7 Financial Cards: Value 2001-2006
Table 8 Financial Cards: Number of Cards in Circulation 2001-2006
Table 9 Financial Cards: Number of Accounts 2001-2006
Table 10 Domestic versus Foreign Spend 2006
Table 11 Financial Cards: Cash Withdrawal versus Card Purchase 2006
Table 12 Card Expenditure by Sector 2006
Table 13 Card Expenditure by Location 2006
Table 14 Financial Cards: Number of Internet Transactions 2001-2006
Table 15 Financial Cards: Internet Transaction Value 2001-2006
Table 16 Financial Cards Forecast: Transactions 2006-2011
Table 17 Financial Cards Forecast: Value 2006-2011
Table 18 Financial Cards Forecast: Number of Cards in Circulation 2006-2011
Table 19 Financial Cards: Forecast Number of Accounts 2006-2011
Table 20 Financial Cards Forecast: Number of Internet Transactions 2006-2011
Table 21 Financial Cards Forecast: Internet Transaction Value 2006-2011
DEFINITIONS
LOCAL COMPANY PROFILES - USA
ADS ALLIANCE DATA SYSTEMS INC - FINANCIAL CARDS - USA
STRATEGIC DIRECTION
KEY FACTS
Summary 1 ADS Alliance Data Systems Inc: Key Facts
COMPANY BACKGROUND
COMPETITIVE POSITIONING
BANK OF AMERICA CORP - FINANCIAL CARDS - USA
STRATEGIC DIRECTION
KEY FACTS
Summary 2 Bank of America Corp: Key Facts
COMPANY BACKGROUND
COMPETITIVE POSITIONING
CHASE PAYMENTECH SOLUTIONS LLC - FINANCIAL CARDS - USA
STRATEGIC DIRECTION
KEY FACTS
Summary 3 Chase Paymentech Solutions LLC: Key Facts
COMPANY BACKGROUND
COMPETITIVE POSITIONING
GENERAL ELECTRIC CONSUMER FINANCE - FINANCIAL CARDS - USA
STRATEGIC DIRECTION
KEY FACTS
Summary 4 General Electric Consumer Finance: Key Facts
COMPANY BACKGROUND
COMPETITIVE POSITIONING
VERSATILE CARD TECHNOLOGY (P) LTD - FINANCIAL CARDS - USA
STRATEGIC DIRECTION
KEY FACTS
Summary 5 Versatile Card Technology Inc: Key Facts
COMPANY BACKGROUND
COMPETITIVE POSITIONING
SMART CARDS IN THE US
HEADLINES
TRENDS
COMPETITIVE LANDSCAPE
PROSPECTS
SECTOR DATA
Table 22 Smart Cards Sector Performance: 2001-2006
Table 23 Smart Cards Sector Performance: % Growth 2001-2006
Table 24 Smart Cards: Memory Vs Microprocessor 2004-2006
Table 25 Smart Cards: Contact Vs Contactless 2004-2006
Table 26 Smart Cards: Forecast Sector Performance: 2006-2011
Table 27 Smart Cards: Forecast Sector Performance: % Growth 2006-2011
ATM TRANSACTIONS IN THE US
HEADLINES
TRENDS
COMPETITIVE LANDSCAPE
PROSPECTS
SECTOR DATA
Table 28 ATM Cards Sector Performance: 2001-2006
Table 29 ATM Cards Sector Performance: % Growth 2001-2006
Table 30 ATM Cards: Forecast Sector Performance: 2006-2011
Table 31 ATM Cards: Forecast Sector Performance: % Growth 2006-2011
DEBIT TRANSACTIONS IN THE US
HEADLINES
TRENDS
COMPETITIVE LANDSCAPE
PROSPECTS
SECTOR DATA
Table 32 Debit Cards Sector Performance: 2001-2006
Table 33 Debit Cards Sector Performance: % Growth 2001-2006
Table 34 Debit Cards: Number of Cards by Issuer 2001-2005
Table 35 Debit Cards: Number of cards by Operator 2001-2005
Table 36 Debit Cards Transactions by Acquirer 2001-2005
Table 37 Debit Cards Transaction Value by Operator 2001-2005
Table 38 Debit Cards: Forecast Sector Performance: 2006-2011
Table 39 Debit Cards: Forecast Sector Performance: % Growth 2006-2011
CREDIT CARD TRANSACTIONS IN THE US
HEADLINES
TRENDS
COMPETITIVE LANDSCAPE
PROSPECTS
SECTOR DATA
Table 40 Credit Cards Sector Performance: 2001-2006
Table 41 Credit Cards Sector Performance: % Growth 2001-2006
Table 42 Personal Credit Cards Sector Performance: 2001-2006
Table 43 Personal Credit Cards Sector Performance: % Growth 2001-2006
Table 44 Corporate Credit Cards: Sector Performance: 2001-2006
Table 45 Corporate Credit Cards: Sector Performance: % Growth 2001-2006
Table 46 Credit Cards: Number of Cards by Issuer 2001-2005
Table 47 Credit Cards: Number of cards by Operator 2001-2005
Table 48 Credit Cards Transactions by Acquirer 2001-2005
Table 49 Credit Cards Transaction Value by Operator 2001-2005
Table 50 Personal Credit Cards Transactions by Acquirer 2001-2005
Table 51 Personal Credit Cards Transaction Value by Operator 2001-2005
Table 52 Corporate Credit Cards Transactions by Acquirer 2001-2005
Table 53 Corporate Credit Cards Transaction Value by Operator 2001-2005
Table 54 Credit Cards: Forecast Sector Performance: 2006-2011
Table 55 Credit Cards: Forecast Sector Performance: % Growth 2006-2011
Table 56 Personal Credit Cards: Forecast Sector Performance: 2006-2011
Table 57 Personal Credit Cards: Forecast Sector Performance: % Growth 2006-2011
Table 58 Corporate Credit Cards: Forecast Sector Performance: 2006-2011
Table 59 Corporate Credit Cards: Forecast Sector Performance: % Growth 2006-2011
CHARGE CARD TRANSACTIONS IN THE US
HEADLINES
TRENDS
COMPETITIVE LANDSCAPE
PROSPECTS
SECTOR DATA
Table 60 Charge Cards Sector Performance: 2001-2006
Table 61 Charge Cards Sector Performance: % Growth 2001-2006
Table 62 Personal Charge Cards Sector Performance: 2001-2006
Table 63 Personal Charge Cards Sector Performance: % Growth 2001-2006
Table 64 Corporate Charge Cards: Sector Performance: 2001-2006
Table 65 Corporate Charge Cards: Sector Performance: % Growth 2001-2006
Table 66 Charge Cards: Number of Cards by Issuer 2001-2005
Table 67 Charge Cards: Number of cards by Operator 2001-2005
Table 68 Charge Cards Transactions by Acquirer 2001-2005
Table 69 Charge Cards Transaction Value by Operator 2001-2005
Table 70 Personal Charge Cards Transactions by Acquirer 2001-2005
Table 71 Personal Charge Cards Transaction Value by Operator 2001-2005
Table 72 Corporate Charge Cards Transactions by Acquirer 2001-2005
Table 73 Corporate Charge Cards Transaction Value by Operator 2001-2005
Table 74 Charge Cards: Forecast Sector Performance: 2006-2011
Table 75 Charge Cards: Forecast Sector Performance: % Growth 2006-2011
Table 76 Personal Charge Cards: Forecast Sector Performance: 2006-2011
Table 77 Personal Charge Cards: Forecast Sector Performance: % Growth 2006-2011
Table 78 Corporate Charge Cards: Forecast Sector Performance: 2006-2011
Table 79 Corporate Charge Cards: Forecast Sector Performance: % Growth 2006-2011
PRE-PAID CARD TRANSACTIONS IN THE US
HEADLINES
TRENDS
COMPETITIVE LANDSCAPE
PROSPECTS
SECTOR DATA
Table 80 Pre-paid Cards Sector Performance: 2001-2006
Table 81 Pre-paid Cards Sector Performance: % Growth 2001-2006
Table 82 Pre-paid Cards: Number of Cards by Issuer 2001-2005
Table 83 Pre-paid Cards: Number of cards by Operator 2001-2005
Table 84 Pre-paid Cards Transactions by Acquirer 2001-2005
Table 85 Pre-paid Cards Transaction Value by Operator 2001-2005
Table 86 Pre-paid Cards by Type 2004-2006
Table 87 Pre-paid Cards: Forecast Sector Performance: 2006-2011
Table 88 Pre-paid Cards: Forecast Sector Performance: % Growth 2006-2011
STORE CARD TRANSACTIONS IN THE US
HEADLINES
TRENDS
COMPETITIVE LANDSCAPE
PROSPECTS
SECTOR DATA
Table 89 Store Cards Sector Performance: 2001-2006
Table 90 Store Cards Sector Performance: % Growth 2001-2006
Table 91 Store Cards: Number of Cards by Issuer 2001-2005
Table 92 Store Cards Transactions by Acquirer 2001-2005
Table 93 Store Cards: Forecast Sector Performance: 2006-2011
Table 94 Store Cards: Forecast Sector Performance: % Growth 2006-2011