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North American Payment Security Market Analysis (2018-2023) Featuring Profiles on Key Players: Bluefin, SISA, Cybersource, Braintree, and Elavon - ResearchAndMarkets.com

November 14, 2018

DUBLIN--(BUSINESS WIRE)--Nov 14, 2018--The “North America Payment Security Market (2018-2023)” report has been added to ResearchAndMarkets.com’s offering.

The market is expected to grow at CAGR of 13.45% from 2018 to 2023 leading to a global revenue generation of USD 13.19 billion in 2023.

People in the US and Canada are showing optimism in the adoption of mobile wallets and other digital payment options. With increasing digital payment platforms, the risk of data security getting threatened increases. To make the users more comfortable with mobile payments, enhanced payment security management is necessary.

Due to the increasing number of regulations focusing on reducing risk along with increasing competition due to opportunity in open banking regulations, payment networks and intermediaries are acting as a challenge to the market.

There is a daily increase of card payment frauds in the US. Approximately, 42% of U.S cardholders have experienced fraud compared to 27% of global cardholders. This calls for an immediate action and development of solutions to fight the situation.

Moneris Solutions Corporation of Canada has recognized the importance of fraud protection and has incorporated some changes to minimize the risk for merchants. Visa Canada has mandated changes like introducing Stored Credential Transaction Framework, Magnetic-Stripe Fallback etc.

Segments Analyzed

By solution, the market is segmented into encryption, tokenization, fraud detection and prevention. By service, the market is segmented into integration services, support services, and consulting services. By end-user, the market is segmented into retail, travel and hospitality, healthcare, IT and telecom, education, media and entertainment, and others. By regions, the market is divided into USA, Canada, and other countries.

Key Players Profiled

Bluefin SISA Cybersource Braintree Elavon

Topics Covered

Chapter 1. Executive Summary

Chapter 2. Introduction - Market Overview

Chapter 3. North America Payment Security - USA

Chapter 4. North America Payment Security - Canada

Chapter 5. North America Payment Security - Other Region

Chapter 6. Company Profiles

Chapter 7. Conclusion

For more information about this report visit https://www.researchandmarkets.com/research/qs3bkr/north_american?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181114005394/en/

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Related Topics:Mobile and Contactless Payments

KEYWORD: NORTH AMERICA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 11/14/2018 05:58 AM/DISC: 11/14/2018 05:58 AM

http://www.businesswire.com/news/home/20181114005394/en

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