DUBLIN--(BUSINESS WIRE)--The "North America Payment Security Market (2018-2023)" report has been added to ResearchAndMarkets.com's offering.
The market is expected to grow at CAGR of 13.45% from 2018 to 2023 leading to a global revenue generation of USD 13.19 billion in 2023.
People in the US and Canada are showing optimism in the adoption of mobile wallets and other digital payment options. With increasing digital payment platforms, the risk of data security getting threatened increases. To make the users more comfortable with mobile payments, enhanced payment security management is necessary.
Due to the increasing number of regulations focusing on reducing risk along with increasing competition due to opportunity in open banking regulations, payment networks and intermediaries are acting as a challenge to the market.
There is a daily increase of card payment frauds in the US. Approximately, 42% of U.S cardholders have experienced fraud compared to 27% of global cardholders. This calls for an immediate action and development of solutions to fight the situation.
Moneris Solutions Corporation of Canada has recognized the importance of fraud protection and has incorporated some changes to minimize the risk for merchants. Visa Canada has mandated changes like introducing Stored Credential Transaction Framework, Magnetic-Stripe Fallback etc.
Segments Analyzed
- By solution, the market is segmented into encryption, tokenization, fraud detection and prevention.
- By service, the market is segmented into integration services, support services, and consulting services.
- By end-user, the market is segmented into retail, travel and hospitality, healthcare, IT and telecom, education, media and entertainment, and others.
- By regions, the market is divided into USA, Canada, and other countries.
Key Players Profiled
- Bluefin
- SISA
- Cybersource
- Braintree
- Elavon
Topics Covered
Chapter 1. Executive Summary
Chapter 2. Introduction - Market Overview
Chapter 3. North America Payment Security - USA
Chapter 4. North America Payment Security - Canada
Chapter 5. North America Payment Security - Other Region
Chapter 6. Company Profiles
Chapter 7. Conclusion
For more information about this report visit https://www.researchandmarkets.com/research/qs3bkr/north_american?w=4
