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

• Credit card terminals
• Card readers
• Keypads
• Display screens
• Point-of-sale software
• Payment processing software
• Technical support services
• Installation tools
• Network cables
• Power adapters
• Batteries
• Cleaning supplies
• Replacement parts
• Security devices
• Barcode scanners
• Receipt printers
• Mobile payment devices
• Wireless routers

Common products and services typical of NAICS Code 423420-17, illustrating the main business activities and contributions to the market.

• Credit card processing equipment
• Debit card terminals
• Point-of-sale systems
• Payment processing hardware
• Card reader machines
• Electronic payment systems
• Mobile payment terminals
• Wireless payment devices
• Payment processing equipment
• Retail payment systems

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).
• Certified Payment-Processing Professional (CPPP): The CPPP certification is offered by the Electronic Transactions Association (ETA) and is designed to demonstrate a comprehensive understanding of the electronic payments industry.
• Certified Payments Professional (CPP): The CPP certification is offered by the National Automated Clearing House Association (NACHA) and is designed to demonstrate a comprehensive understanding of the ACH network and electronic payments.
• Certified Fraud Examiner (CFE): The CFE certification is offered by the Association of Certified Fraud Examiners (ACFE) and is designed to demonstrate expertise in fraud prevention, detection, and deterrence.
• Certified Information Systems Security Professional (CISSP): The CISSP certification is offered by the International Information System Security Certification Consortium (ISC)² and is designed to demonstrate expertise in information security.

A concise historical narrative of NAICS Code 423420-17 covering global milestones and recent developments within the United States.

• The Credit Card-Terminal Systems (Wholesale) industry has a relatively short history, dating back to the 1970s when credit cards became more widely used. The first credit card terminals were bulky and expensive, but advancements in technology have made them smaller, more affordable, and more efficient. In the 1980s, the introduction of magnetic stripe technology made credit card transactions faster and more secure. In the 1990s, the industry saw the introduction of wireless terminals, which allowed merchants to accept credit card payments from anywhere. In recent years, the industry has seen a shift towards mobile payment systems, with the introduction of contactless payment technology and mobile wallets. In the United States, the industry has seen significant growth in recent years, with the increasing popularity of cashless transactions and the rise of e-commerce.

The anticipated future trajectory of the NAICS 423420-17 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Growing

  The future outlook for the Credit Card-Terminal Systems (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for electronic payment systems and the shift towards cashless transactions. The COVID-19 pandemic has accelerated this trend, as more consumers are opting for contactless payment methods. The industry is also expected to benefit from the increasing adoption of mobile payment systems and the growth of e-commerce. However, the industry may face challenges such as increasing competition and the need to keep up with rapidly evolving technology. Overall, the industry is expected to experience steady growth in the coming years.

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

• Mobile Payment Systems: The industry has seen a rise in the adoption of mobile payment systems, which allow customers to make payments using their smartphones. This innovation has made payments more convenient and has increased the speed of transactions.
• Contactless Payment Systems: The COVID-19 pandemic has accelerated the adoption of contactless payment systems, which allow customers to make payments without touching a terminal. This innovation has made payments safer and more hygienic.
• EMV Technology: The industry has seen a shift towards EMV technology, which is a more secure way of processing credit card transactions. This innovation has reduced the risk of fraud and has increased the security of transactions.
• Point-Of-Sale Financing: The industry has seen an increase in the adoption of point-of-sale financing, which allows customers to finance their purchases at the point of sale. This innovation has made it easier for customers to make large purchases and has increased sales for retailers.
• Artificial Intelligence: The industry has seen the adoption of artificial intelligence, which can be used to analyze customer data and provide insights into customer behavior. This innovation has helped retailers to better understand their customers and to provide more personalized experiences.