The cards market comprise establishments engaged in storing, processing and transmitting payment cards data. This market covers issuing and acquiring banks, card processing and issuing companies and others. Revenue generated from the cards market include all processing and service fees levied by banks and financial institutions for processing card-based payments. It excludes interest charged by banks on payment cards.
The North America was the largest region in the Cards industry in 2017, accounting for around 60% of the global market. Asia Pacific was the second largest region, accounting for around 27% of the global market. Africa was the smallest region, accounting for around 1% of the global market.
The focus on the security of card-based payments has increased significantly across the world. This is mainly to prevent card fraud losses incurred by banks and according to Capgemini, the worldwide value of fraud losses reached almost US$16 billion in 2014, in this regard, payment service providers and merchants have implemented various solutions including the Payment Card Industry Data Security Standard (PCI DSS) compliance, EMV technology, 3-D Secure services, tokenization, biometrics and end-to-end encryption. to combat the constantly evolving card fraud methods, the National Retail Federation (NRF) also updates its security guidelines continuously.
- Geographic Scope: Asia Pacific, North America, Western Europe, Eastern Europe, South America, Middle East and Africa.
- Time Series: Five years historic and forecast.
- Data: Market value in $ billions.
- Data Segmentations: Regional breakdowns, market share of competitors, key sub segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- American Express Company
- Commercial Bank of China
- Bank of America
- JP Morgan
- Bank of China
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