市場調査レポート

米国のカード加盟店業務市場(2010年):トップ業者の統合

US Merchant Acquiring 2010: Consolidation at the Top - Mercator's annual US Merchant Acquiring analysis

発行 Mercator Advisory Group, Inc. 商品コード 124108
出版日 ページ情報 英文 23 pages
納期: 即日から翌営業日
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米国のカード加盟店業務市場(2010年):トップ業者の統合 US Merchant Acquiring 2010: Consolidation at the Top - Mercator's annual US Merchant Acquiring analysis
出版日: 2010年06月28日 ページ情報: 英文 23 pages

当商品の販売は、2016年07月01日を持ちまして終了しました。

概要

当レポートでは、米国のカード加盟店業務市場の現状と見通しについて調査分析し、加盟店契約業者への不況の影響、業界トップの統合とその影響、不況というチャンス、インターチャージ関連の審議中の法案の影響などをまとめ、概略下記の構成にてお届けいたします。

調査ハイライト:

  • 好転しているとされる経済だが、加盟店契約業者への不況の爪あとは広く深い
  • 不況による革新へのニーズへの注力:加盟店サービス市場の成長は、加盟店とその顧客への価値の提供にかかっている
  • 米国の大手加盟店契約業者2社の統合:この結果、トップ5社が加盟店のペイメントカード決済総額の3/4近くを占めることに
  • 銀行提携による契約モデルの復活:このアプローチで大手業者が新しいビジネスをはじめている
  • 同時に、プライベートエクイティの投資家がこの部門でのプレゼンス拡大の道を模索している
  • 米国のペイメント産業は規制上の脅威に直面している・加盟店契約業者の現在のビジネスモデルの持続可能性に影響を及ぼす可能性がある
目次

Boston, MA -- June 28, 2010 - All things considered, the US acquiring space weathered the recession favorably, and it stands poised to take advantage of new growth opportunities, both as cash and check payments are increasingly displaced by cards and as investment dollars begin to thaw. The largest acquirers in the US are capturing more merchant payment volume than ever before, and recent moves to consolidate operations have left the market top-heavy.

This year Mercator Advisory Group's annual merchant acquiring report focuses on the consolidation of the industry and its impact on the participants as the overarching trend affecting the US market in 2009. The 'US Merchant Acquiring 2010: Consolidation at the Top' report examines the root causes of consolidation at the economic level thorugh analysis of declining retail sales data, and applying this information to identify segments of the US retail space that have been resilient through the economic downturn. Mercator also indicates the upside to falling sales volume by discussing the continuing displacement of cash and check payments by cards as a continuing driver of growth in the merchant services business.

As part of our annual coverage of this topic, Mercator again examines the threat of payments system pricing regulation as the passage of pending interchange legislation is imminent.

Highlights of this report include:

  • The economy is rumored to be on the mend, but the impact of the recession on merchant acquirers has been broad and deep, with same store sales in 2009 being the leading indicator of widespread pain.
  • There's nothing like a recession to bring the need for innovation into focus - growth in the merchant services market depends on delivery of greater value to merchants and their customers.
  • Consolidation of the largest 2 US merchant acquiring organizations has the top 5 US acquirers capturing nearly three-quarters of merchants' payment card dollar volume.
  • The bank alliance acquiring model is back in a big way, with a number of the largest players executing new business with this approach. At the same time, private equity investors seek to grow their presence within the space.
  • The US payments industry faces growing regulatory threats, which could impact the sustainability of acquirers' current business models.

“The survivors of the consolidation game will at least have the chance to broaden and deepen the relationships they gain in their mergers and acquisitions,” David Fish, Senior Analyst in Mercator Advisory Group's Credit Advisory Service and author of the report comments. “Not only is value-added service and technology an absolute necessity for competition within the space, but it is even more critical as the competition is gradually absorbed. Even as the merchant services market continues to mature and consolidate, there will always be an entrepreneurial upstart with an innovative product or business model eager to carve out a piece of the pie.”

One of 14 exhibits in this report:

This report is 23 pages long and has 14 exhibits.

Companies mentioned in this report include: Advent International; American Express; Apax Partners; Atos Origin; BA Merchant Services; Bain Capital; Banc of America Merchant Services; Bank of America; Carlyle Group; Chase Paymentech Solutions; Citi Merchant Services; Clayton, Dubilier & Rice; Comvest Group; CSU CardSystem; CyberSource; Cynergy Data; DolEx; Elavon; Euronet; Experian France; Fifth Third Processing Solutions; First Data; First National Bank of Omaha; First National Merchant Solutions (FNMS); Global Payments, Inc.; Heartland Payment Systems; Humboldt Merchant Services; JPMorgan Chase; Key Merchant Services; MasterCard; Moneris; PaySys; Permira; Pipeline Data; RBS WorldPay; Royal Bank of Scotland; Silverlake; Sovereign Bank; SunTrust Merchant Services; TPG Capital; TransFirst; TSYS; US Bancorp; Visa; Wells Fargo Merchant Services.

TABLE OF CONTENTS

TABLE OF FIGURES

INTRODUCTION

THE ECONOMY AND THE PERSISTENT PUSH TOWARD CARDS

MERCHANT ACQUIRING IN 2009 - CONSOLIDATION AT THE TOP

A VISION (OR TWO) OF THE FUTURE

CONCLUSION - CONSOLIDATION’S IMPACT ON MARKET DYNAMICS

TABLE OF FIGURES

  • Figure 1: Retail and Food Service Sales in the US
  • Figure 2: US Retail -- Resilient Segments 1
  • Figure 3: US Retail -- Resilient Segments 2
  • Figure 4: The Top 10 US Acquirers 2009
  • Figure 5: Growth in US Bankcard (V&MC Credit and Debit) Volume 2004-2009
  • Figure 6: Acquirer Share of Total US Payment Card Volume 2009
  • Figure 7: Acquirer Share of Total US Payment Card Transactions 2009
  • Figure 8: Portfolio Size for Top 10 Acquirers
  • Figure 9: Estimated Annual Average per Merchant Credit and Debit Bankcard Volume
  • Figure 10: Estimated Combined Credit and Debit Bankcard Average Ticket
  • Figure 11: Projected Acquirer Market Share Bankcard Volume 2013 - Scenario 1
  • Figure 12: Projected Acquirer Market Share Bankcard Volume 2013 - Scenario 2
  • Figure 13: Total Number of Merchant Accounts in the US 2005-2009
  • Figure 14: Banks and Non-Banks in US Merchant Acquiring

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