Tools commonly used in the Credit Card/Credit Plns Eqpt Supplies (Wholesale) industry for day-to-day tasks and operations.

• Point-of-sale terminals
• Card readers
• Printers for receipts and invoices
• PIN pads
• Mobile payment devices
• EMV chip card readers
• Contactless payment devices
• Payment gateway software
• Fraud detection software
• Inventory management software

Common products and services typical of NAICS Code 423420-18, illustrating the main business activities and contributions to the market.

• Point-of-sale equipment suppliers
• Credit card terminal distributors
• Payment processing equipment wholesalers
• Card reader suppliers
• Printer and paper roll distributors
• Payment gateway providers
• Fraud detection software vendors
• Mobile payment device wholesalers
• EMV chip card reader distributors
• Contactless payment device suppliers

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

• PCI DSS: The Payment Card Industry Data Security Standard 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.
• NACHA: The National Automated Clearing House Association is responsible for the development, administration, and governance of the ACH Network, the backbone for the electronic movement of money and data in the United States.
• ETA CPP: The Electronic Transactions Association Certified Payments Professional program is designed to recognize those professionals in the payments industry who demonstrate a comprehensive knowledge of the industry.
• FISMA: The Federal Information Security Management Act is a United States federal law enacted in 2002 that made it a requirement for federal agencies to develop, document, and implement an information security and protection program.
• GLBA: The Gramm-Leach-Bliley Act requires financial institutions to explain their information-sharing practices to their customers and to safeguard sensitive data.

A concise historical narrative of NAICS Code 423420-18 covering global milestones and recent developments within the United States.

• The Credit Card/Credit Plans Equipment Supplies (Wholesale) industry has been around since the 1950s when the first credit card was introduced. The industry has since grown to become an essential part of the financial sector, providing equipment and supplies to businesses that accept credit card payments. In recent years, the industry has seen significant advancements in technology, with the introduction of mobile payment systems and contactless payment options. In the United States, the industry has also been impacted by changes in regulations, such as the introduction of the Durbin Amendment in 2010, which capped debit card interchange fees. This has led to increased competition among payment processors and a shift towards alternative payment methods.

The anticipated future trajectory of the NAICS 423420-18 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Stable

  The Credit Card/Credit Plans Equipment Supplies (Wholesale) industry is expected to experience steady growth in the coming years. The increasing use of credit and debit cards for transactions is driving demand for credit card processing equipment and supplies. Additionally, the growth of e-commerce and online payments is expected to further boost demand for these products. However, the industry may face challenges from the increasing use of mobile payments and digital wallets, which could reduce demand for traditional credit card processing equipment. Overall, the industry is expected to continue growing, albeit at a slower pace than in previous years.

Recent groundbreaking advancements and milestones in the Credit Card/Credit Plns Eqpt Supplies (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

• Mobile Payment Processing: With the increasing use of mobile payments, many companies are developing credit card processing equipment that can be used with smartphones and tablets. This allows businesses to accept payments on the go, without the need for a traditional point-of-sale system.
• Contactless Payment Technology: Contactless payment technology, such as Apple Pay and Google Wallet, allows customers to make payments using their mobile devices. This technology is becoming increasingly popular, and many credit card processing equipment suppliers are developing products that can support contactless payments.
• EMV Chip Technology: EMV chip technology is becoming the standard for credit card processing in the US. This technology provides increased security for credit card transactions, and many credit card processing equipment suppliers are developing products that support EMV chip technology.
• Cloud-Based Payment Processing: Cloud-based payment processing allows businesses to process payments using a secure, cloud-based system. This technology is becoming increasingly popular, as it allows businesses to process payments from anywhere, without the need for a traditional point-of-sale system.
• Integrated Payment Processing: Many credit card processing equipment suppliers are developing products that integrate with other business software, such as accounting and inventory management systems. This allows businesses to streamline their payment processing and reduce the risk of errors.