Credit Card Processing On the Upswing



New Research Finds Growth in Credit Card Processing


More and more businesses are accepting credit cards.

Tag: Credit Card Processing
A new report by Research and Markets explores electronic payment processing market and reveals that the industry is growing. The study, which is called Payment Cards in the country, discusses the increasing number of businesses that are accepting credit cards, noticeable trends and future forecasts.

The report found some key tendencies. One of them is a well-developed market of card usage, with 3.7 cards per person. Furthermore, most card-issuing activity can be attributed to the five largest banks in the nation, which account for 61 percent of its credit industry.. Finally, gas stations, coffee shops and restaurants, remain the most popular businesses where credit cards are used.

Besides explaining these findings, the document details future opportunities for payment processing. Analysis on regulations and future legislation is also incorporated.

The demand for credit card processing systems continues to grow globally. In the U.S. alone, the credit industry produces more than $40 billion in revenues, and approximately 2,000 companies offer payment services

Rob Olson, President
Quantum Merchant Services
1-888-881-0657 ext 707
















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