Tools commonly used in the Credit Card (Manufacturing) industry for day-to-day tasks and operations.

• Card embossing machines
• Magnetic stripe encoders
• Chip card personalization machines
• Card laminators
• Card printers
• Card punching machines
• Card collators
• Card inspection machines
• Card packaging machines
• Card shredders

Common products and services typical of NAICS Code 326113-02, illustrating the main business activities and contributions to the market.

• Credit card issuers
• Banks
• Credit unions
• Financial institutions
• Payment processors
• Card manufacturers
• Card personalization companies
• Card printing companies
• Card packaging companies
• Card fulfillment companies

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

• Payment Card Industry Data Security Standard (PCI DSS): PCI DSS is a set of security standards designed to ensure that all companies that accept, process, store, or transmit credit card information maintain a secure environment. The standard is maintained by the Payment Card Industry Security Standards Council (PCI SSC).
• ISO 7810:2019 Identification Cards Physical Characteristics: This standard specifies the physical characteristics of identification cards, including credit cards. It is maintained by the International Organization for Standardization (ISO).
• ISO/IEC 14443 Identification Cards Contactless Integrated Circuit Cards Proximity Cards: This standard specifies the physical characteristics of contactless integrated circuit cards, including credit cards. It is maintained by the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC).
• Emvco Specifications: EMVCo is a global standard for credit and debit payment cards based on chip card technology. The specifications are maintained by EMVCo LLC, a company owned by American Express, Discover, JCB, Mastercard, UnionPay, and Visa.
• Federal Trade Commission (FTC) Regulations: The FTC has regulations in place to protect consumers from unfair or deceptive practices related to credit cards. These regulations cover areas such as advertising, billing, and credit card fraud.

A concise historical narrative of NAICS Code 326113-02 covering global milestones and recent developments within the United States.

• The credit card industry has a long and fascinating history that dates back to the early 1900s. The first credit card was introduced in 1949 by Diners Club, which was initially used only in restaurants. In 1958, American Express introduced its credit card, which was the first to be made of plastic. The 1960s saw the introduction of the first magnetic stripe cards, which made transactions faster and more secure. In the 1970s, Visa and Mastercard were established, and the industry began to grow rapidly. In recent years, the industry has seen significant advancements in technology, such as the introduction of contactless payments and mobile wallets, which have made transactions even more convenient and secure. In the United States, the credit card industry has a rich history that dates back to the early 1900s. In the 1920s, oil companies and department stores began issuing their own credit cards, which could only be used at their respective establishments. In the 1950s, Diners Club and American Express introduced their credit cards, which were widely accepted and paved the way for the modern credit card industry. In the 1960s, Visa and Mastercard were established, and the industry began to grow rapidly. In recent years, the industry has seen significant advancements in technology, such as the introduction of chip cards and mobile payments, which have made transactions even more secure and convenient.

The anticipated future trajectory of the NAICS 326113-02 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Stable

  The future outlook for the Credit Card (Manufacturing) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for credit cards and the rise in e-commerce transactions. The industry is also expected to benefit from the growing trend of contactless payments and the increasing adoption of mobile payments. However, the industry may face challenges due to the increasing competition from digital payment platforms and the growing concerns over data privacy and security. Overall, the industry is expected to continue to grow and innovate to meet the changing needs of consumers and businesses.

Recent groundbreaking advancements and milestones in the Credit Card (Manufacturing) industry, reflecting notable innovations that have reshaped its landscape.

• Biodegradable Credit Cards: Credit card manufacturers are developing biodegradable credit cards made from sustainable materials such as cornstarch and recycled PVC. These cards are designed to reduce the environmental impact of credit card production and disposal.
• Contactless Credit Cards: Credit card companies are introducing contactless credit cards that allow users to make payments by simply tapping their card on a payment terminal. This technology is designed to make payments faster and more convenient for consumers.
• Metal Credit Cards: Some credit card companies are offering metal credit cards made from materials such as stainless steel or titanium. These cards are designed to be more durable and stylish than traditional plastic credit cards.
• Virtual Credit Cards: Virtual credit cards are digital credit cards that can be used for online transactions. These cards are designed to provide an extra layer of security for online purchases and to protect users from fraud.
• Credit Cards with Rewards Programs: Credit card companies are offering credit cards with rewards programs that allow users to earn points or cash back for their purchases. These rewards programs are designed to incentivize credit card use and to attract new customers.