Card Management and Transaction Processing Vendors, Part III: Issuer Processors
Celent completed an extensive research effort to understand the landscape of vendors and service providers in card management and transaction processing (CMTP). Celent has already published reports in this research series introducing CMTP technologies and discussing market trends. This is a pack of reports focusing on vendors.
The demand for cards management and transaction processing technologies and capabilities continues to grow. Banks and other institutions looking to either establish or upgrade their CMTP capabilities are asking: What options do I have? How should I approach the challenge? Who can I turn to for help?
The new report Card Management and Transaction Processing Vendors, Part III: Issuer Processors addresses three research questions below.
It is the third in a series of CMTP vendor reports being published at the same time. Other reports include vendor landscape overview and focus on other vendor categories:
- CMTP Vendors, Part I: Vendor Landscape
- CMTP Vendors, Part II: Packaged Software Vendors
- CMTP Vendors, Part IV: Professional Services Providers
Eight issuer processors participated in this research effort: First Data, FIS, Fiserv, HP, Jack Henry, MasterCard, Nets, and TSYS. In addition, 11 packaged software vendors and eight professional services firms took part as well.
Given the broad scope of this research and diversity of companies participating, Celent’s full ABCD vendor evaluation framework is not appropriate or feasible. However, we did get insights into each company’s market presence: what clients they serve (i.e., size, type), how many, and in which markets.
“Clients seeking help with card management and transaction processing technologies don’t have to face the challenge alone,” says Zilvinas Bareisis, a senior analyst with Celent’s Banking practice and author of the report. “In each of the three categories of providers they can choose between global leaders, global challengers, and regional champions available in their geography.”
“This is one of the broadest research efforts we’ve seen conducted in the cards space, demonstrating Celent’s commitment to this important segment of banking technology,” says Dan Latimore, senior vice president of Celent’s Banking practice. “We’d like to express our gratitude and appreciation to the 27 research participants; their effort was nontrivial.”
This 80-page report contains 26 figures and 40 tables. All four reports in this series contain 298 pages, 103 figures, and 109 tables.