Financial Transaction Processing Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 5/13/2019
SIC Codes: 6153, 7389
NAICS Codes: 52232
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Financial Transaction Processing Industry Profile

Companies in this industry provide services such as credit card processing, electronic funds transfer, and check clearing. Major companies include Alliance Data Systems, First Data, Global Payments, Heartland Payment Systems, MasterCard, Visa, and Western Union (all based in the US), as well as China UnionPay (China), Cielo (Brazil), and Moneris Solutions (Canada).

Worldwide, markets with strong growth in payment services include Europe, the Asia/Pacific region, and South America. Many large credit card processors operate and maintain processing centers globally. About half of all credit card transactions occur in the US and Canada; about 25% of transactions are in Europe and 20% in the Asia/Pacific region, according to The Nilson Report. More than 11 billion credit, debit, and prepaid cards are in circulation around the world.

The US financial transaction processing industry includes more than 4,600 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $66 billion.


Technology is transforming the financial transaction processing industry and consumers' interactions with money. The use of cash as a payment method is plummeting, although it remains the predominant form of payment for small purchases: Approximately 60% of in-person payments under $10 were made in cash, compared to 20% of in-person transactions for $25 or more, according to the Federal Reserve. Noncash payments increased at annual rates of 5.3% in volume and 3.4% in value between 2012 and 2015, according to ...

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