U.S. Payments 2005-2009 IT Spending Forecast and Analysis: Industry Report

U.S. Payments 2005-2009 IT Spending Forecast and Analysis

Product Type: Market Research Report
Published by: IDC
Published: December 2005
Product Code: R104-25319

Description

This Financial Insights report presents a comprehensive five-year spending forecast across seven payments market segments in the United States: automated clearinghouse (ACH), credit cards, debit/ATM cards, item processing, stored value cards, wire transfers and other. This forecast also segments spending by four technology categories: hardware, software, services, and internal spending. The U.S. payments marketplace is undergoing profound and far-reaching change, as traditional paper payment methods such as checks and cash are being replaced by electronic payment methods such as automated clearinghouse (ACH) and cards. These changes affect not only financial institution revenue but also the direction of new IT investments, as financial institutions are seeking to develop a more flexible payment infrastructure that will allow them to keep up with the changes.

According to Aaron McPherson, research director, Payments, "Flexibility must be the top priority for financial institutions at this time of unprecedented change. Financial institutions must move away from closed proprietary systems toward a more interconnected IT infrastructure to support the kinds of value-added services that will replace declining payments revenue."

Table of Contents

Table of Contents
Financial Insights Opinion
In This Report
Methodology
Brief Description of the Solution
Situation Overview
Current Environment
IT Spending in 2004
Figure: U.S. Payments IT Spending Share by Solution Spending Area, 2004 and 2009
Figure: U.S. Payments IT Spending Share by IT Segment, 2004 and 2009
Issues Impacting Technology Investments
Segmenting the Market
Payments Spending Segments ? Definitions
IT Spending Segments ? Definitions
Future Outlook
Forecast and Assumptions
Forecast Assumptions
Table: U.S. Payments IT Spending by Solution Spending Area, 2004-2009 ($M)
Table: Key Forecast Assumptions for the U.S. Payments Market, 2005-2009
Spending by Payments Solution Spending Area
Automated Clearinghouse
Table: U.S. Automated Clearinghouse IT Spending by IT Segment, 2004-2009 ($M)
Credit Cards
Table: U.S. Credit Card IT Spending by IT Segment, 2004-2009 ($M)
Debit/ATM Cards
Table: U.S. Debit/ATM Card IT Spending by IT Segment, 2004-2009 ($M)
Item Processing
Table: U.S. Item Processing IT Spending by IT Segment, 2004-2009 ($M)
Stored Value Cards
Table: U.S. Stored Value Card IT Spending by IT Segment, 2004-2009 ($M)
Wire Transfers
Table: U.S. Wire Transfer IT Spending by IT Segment, 2004-2009 ($M)
Other
Table: U.S. Other Payments IT Spending by IT Segment, 2004-2009 ($M)
Comparison by IT Segment
Table: U.S. Payments IT Spending by IT Segment, 2004-2009 ($M)
Hardware
Software
Services
Internal Spending
What to Watch
Essential Guidance
Actions for Financial Institutions
Actions for Vendors
Learn More
Related Research
Synopsis

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