Product Type: Market Research Report
Published by: TowerGroup
Published: August 2005
Product Code: R301-896Description This TowerGroup Research Note defines an emerging group of large, nonbank payments providers that we have termed "payments mega-vendors" because of their size and the breadth of their payment services. The Note reviews the role that three specific mega-vendor firms are playing in the payments market, highlighting their business strategies and showing how they have capitalized on the changes that are taking place in the financial services industry and have grown to prominence through strategic planning, acquisitions, and a keen sense of market opportunity.Table of Contents - TowerGroup Take-Aways
- Report Coverage
- Background
- Exhibit 1: US Payments by Type (2000-10)
- Defining Payments Mega-Vendors
- Identifying Nonbank Mega-Vendors
- Exhibit 2: Nonbank Payments Mega-Vendors Market Positions (2005)
- Successful Payments Mega-Vendors
- Exhibit 3: Characteristics of Average and Top 3 Payments Mega-Vendors (2004)
- First Data Corporation (NYSE: FDC)
- Exhibit 4: First Data Selected Acquisition History (1995-2005)
- Exhibit 5: First Data Corporation s Payments Services vs. Typical Top 10 Bank Internal Payments Services
- CheckFree Corporation (Nasdaq: CKFR)
- Exhibit 6: CheckFree Selected Acquisition History (1996-2005)
- Exhibit 7: CheckFree Corporation s Payments Services vs. Typical Top 10 Bank Internal Payments Services
- Exhibit 8: Metavante Selected Acquisition History (2000-05)
- Exhibit 9: Metavante s Payments Services vs. Typical Top 10 Bank Internal Payments Services
- Implications for the Industry
- Exhibit 10: Payments Mega-Vendors Alternatives to Bank Services (2005)
- Summary
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