DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/52gsgk/credit_account) has announced the addition of the "Credit Account Processing Platforms: Seeking Growth One Account at a Time" report to their offering.
New Research Analyzes Developments In The Market For Credit Account Processing Solutions
The vendors that provide account processing services to US credit issuers are contending with several challenges in the market including: customer consolidation, modest growth in banks' IT spending, and pricing competition for many of their core services. At the same time, these companies are trying to develop solutions capable of helping their clients manage the impact of an economic recession, increased regulatory scrutiny, and changes in the payments industry product landscape.
From a profitability standpoint, the historically low delinquency rates and healthy year-over-year growth in charge volumes make the credit issuing business compare favorably to other retail banking services, especially in a low interest rate environment. Some banks that sold off their card portfolios during the recession are re-entering the market. But will there be enough new business to go around? Mercator Advisory Group's most recent research report, Credit Account Processing Platforms: Seeking Growth One Account at a Time, examines how issuer processors are positioning products in a relatively mature market, and it offers an analysis of where industry participants might find growth in the future.
"Credit account processors have all developed highly capable solutions that have survived years of market testing," comments Michael Misasi, author of the report. "Whatever growth the industry experiences in the next few years will be highly contested."
- An overview of several major credit issuers and processing partners
- Estimates for issuer processors' US market share of accounts on file
- A description of the leading service bureaus and their credit processing platforms
- Analysis of the challenges facing issuer processors and leading providers can differentiate their products.
Key Topics Covered
Number of Institutions
Credit Card Payment Volumes
Large Issuers and Their Processors
Processor Market Shares
Service Bureaus and Platforms
Group Service Providers
IT Vendor Consolidation
Mergers and Acquisitions
- American Express
- Bank of America
- Capital One
- First National Bank of Omaha
- JPMorgan Chase
- Primax Payments
- U.S. Bank
- Wells Fargo
For more information visit http://www.researchandmarkets.com/research/52gsgk/credit_account
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