Private Label Credit Cards: A Market, Not Just a Niche
|出版商||Mercator Advisory Group, Inc.||商品編碼||647353|
|出版日期||內容資訊||英文 21 Pages
|自有品牌信用卡:超越利基的市場 Private Label Credit Cards: A Market, Not Just a Niche|
|出版日期: 2018年06月04日||內容資訊: 英文 21 Pages||
Private label credit cards, which can only be used in a defined group of retail locations, are a unique and very competitive market segment within the credit card industry. While similar in some ways to co-branded general purpose credit cards, private label credit cards (sometimes abbreviated PLCC) are a complementary product that addresses different needs. They have particular appeal to consumers with low credit scores and a need to finance large purchases. New competition from fintechs like Bread and Klarna is putting pressure on the industry, requiring greater innovation.
Mercator Advisory Group's latest research report, Private Label Credit Cards: A Market, Not Just a Niche, sizes the market for private label credit cards and analyzes the growth potential of this often-overlooked market segment.
"The wheels fell off the private label credit card business in the 1990s as general purpose credit cards simplified the consumer's wallet with a single solution," commented Brian Riley, Director, Credit Advisory Service, at Mercator Advisory Group, author of the research report. "As the economy soured, retailers needed cash on their books to purchase new inventory, rather than supporting consumer credit," Riley continued. "Large financial institutions now dominate the space and partner with retailers to relieve the demands of consumer credit. There is plenty of room to grow with smaller retailers as e-commerce and mobile payments develop."
Companies mentioned in this research report include: ACI Worldwide, Albertsons, Alliance Data Systems, Aldi, Amazon, American Express, Apple, Bank of America, Barclays, Bridgestone America, Capital One, Carlyle Group, Chase, Chevron/Texaco, Citi, Comenity Bank, Costco, Credit First National Association (CFNA), CVS, Dollar Tree, Exxon, Federated Stores, First Data, Fiserv, Ford Motor Company, GM, H-E-B Grocery, Home Depot, Kohl's, Kroger, Macy's, Mastercard, McDonalds, Mercedes Benz, Nordstrom, Publix, Rite Aid, Royal Ahold, Sears, Synchrony, TD Bank, Target, Toyota, U.S. Bank, Verizon, Visa, Walgreens, and Wal-Mart.