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Market Research Report

Market Analysis: U.S. Check Transaction 2009-2013 Forecast and Analysis

Published by IDC Financial Insights
Published October, 2009 Product code 102067
Content info Pages: 19
Price
US $ 3750 PDF by E-mail (Single user license)


Market Analysis: U.S. Check Transaction 2009-2013 Forecast and Analysis published by IDC Financial Insights in October, 2009. This report consists of Pages: 19 and the price starts from US $ 3750.

Introduction

Abstract

This Financial Insights report provides a five-year forecast of the number and dollar value of checks written in the United States, segmented into consumer checks written at the point of sale (POS); other consumer checks, including those written for bill payment; business checks written to other businesses (B2B); and business checks written to consumers for disbursements such as payroll and benefits. These checks may be processed as paper, or (predominately) processed in the form of image documents or automated clearinghouse transactions.

Checks are in decline, but showing resilience in the face of maturing alternatives such as debit cards and ACH. Image exchange has achieved critical mass, and will become nearly universal in the next five years, allowing financial institutions to realize greater benefits from their image technology investments. However, the situation could change if high fraud rates, acceptance of electronic payments, or bank policies on funds availability push corporate customers away from checks. Thus, financial institutions need to keep a close eye on transaction flows, and develop profitable alternatives to check products.

According to Aaron McPherson, practice director at IDC Financial Insights, "Financial institutions need to be more creative in how they use image exchange technology, moving beyond simple automation of existing processes into development of new products and services, such as consolidated payment front ends."

Table of Contents

  • Financial Insights Opinion
  • In This Report
    • Brief Description of the Solution
      • Methodology
  • Situation Overview
    • Issues Impacting Technology Investments
    • Segmenting the Market
  • Future Outlook
    • Forecast and Assumptions
    • Market Context
      • What Has Changed?
    • What to Watch
  • Essential Guidance
    • Actions for Financial Institutions
    • Actions for Vendors
  • Learn More
    • Related Research
    • Appendix: Check Processing Description and Flow Diagram
      • Paper Check Processing
      • Image Check Processing
      • ACH Check Conversion
    • Synopsis
  • Table: U.S. Check Transactions by Type, 2003–2008 (B)
  • Table: U.S. Check Transactions by Type, 2008–2013 (B)
  • Table: U.S. Value of Check Transactions by Type, 2008–2013 ($B)
  • Table: U.S. Check Transactions by Market Segment, 2008–2013 (B)
  • Table: Key Forecast Assumptions for the U.S. Check Market, 2009–2013
  • Table: U.S. Check Transactions by Type, 2006–2013: Comparison of June 2007 and October 2009 Forecasts (B)
  • Figure: U.S. Payment Transactions by Type, 2003–2008
  • Figure: U.S. Check Transactions by Type, 2008–2013
  • Figure: U.S. Value of Check Transactions by Type, 2008–2013
  • Figure: U.S. Check Transactions by Disposition, 2008–2013
  • Figure: U.S. Check Transactions by Type, 2006–2013: Comparison of June 2007 and October 2009 Forecasts
  • Figure: Simplified Check Processing Example
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