Cards And Payments Market Global Briefing 2018

Cards And Payments Market Global Briefing 2018
Starting Price : $ 1000.00 | Pages : 34 | Published : January 2018

SKU CODE : 2661 | Format :

The cards and payments market comprise establishments engaged in storing, processing and transmitting payment cards data. This market covers issuing and acquiring banks, card processing and issuing companies, payment processing institutions such as banks, non-banking financial corporations and others.

North America was the largest region in the cards & payments market in 2017, accounting for around 51% market share. This can be attributed to high digital payment penetration in the USA and Canada. Asia Pacific was the second largest region accounting for around 31% market share. Africa was the seventh largest region accounting for around 1% market share.

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.

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