Financial Transaction Processing
Industry Description
The US financial transaction processing industry includes about 2,000 companies with combined annual revenue of about $40 billion. Major companies include Alliance Data Systems, Banc of America Merchant Services (a joint venture between Bank of America and First Data), Elavon, Global Payments, Heartland Payment Systems, and Total System Services. The industry is highly concentrated: the top 50 companies account for about 85 percent of industry revenue.
SIC: 6019
NAICS: 522320
NAICS: 522320
Related Industries:
Financial Planners & Investment Advisers, Consumer Lending, Banks & Credit Unions, Credit Reporting & Collections ServicesTo get access to the full industry record, register now.
Top 5 Companies
| Company | Sales | Location |
|---|---|---|
| COLES GROUP FINANCE LIMITED | 45,778.79M | Glen Iris, Vic |
| Fia Card Services, National Association | 25,752.91M | Wilmington, DE |
| First Data Corporation | 10,380.40M | Atlanta, GA |
| Visa Inc. | 9,188.00M | Foster City, CA |
| MasterCard Incorporated | 6,714.00M | Purchase, NY |
There are 54,215 companies in this industry. To view all of them, register now.Trends
Historically Cash-Based Transactions Go Electronic - Businesses historically reliant on cash-based financial transactions, such as...
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The bank prime loan rate, which indicates changes in the rates charged by credit card companies, remains at 3.25 percent as of the week of January 13, 2012, unchanged from the same week in 2011.
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Room for Growth in Cashless Transactions Overseas - Credit card firms are quickly moving to international markets where consumers are shifting away from traditional cash and check payment methods. Cashless transactions are rising...
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