NAICS Code 425120-64 - Credit Cards-Plastic Metal Etc-Distr (Wholesale)

Marketing Level - NAICS 8-Digit

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NAICS Code 425120-64 Description (8-Digit)

The Credit Cards-Plastic Metal Etc-Distr (Wholesale) industry involves the wholesale distribution of credit cards made of plastic, metal, or other materials. These credit cards are typically distributed to financial institutions, credit unions, and other businesses that offer credit to their customers. The industry also includes the distribution of related products such as card readers, card printers, and other equipment used in the production and processing of credit cards.

Hierarchy Navigation for NAICS Code 425120-64

Tools

Tools commonly used in the Credit Cards-Plastic Metal Etc-Distr (Wholesale) industry for day-to-day tasks and operations.

  • Card embossers
  • Magnetic stripe encoders
  • Card printers
  • Card readers
  • Chip card readers
  • Card laminators
  • Card cutters
  • Card holders
  • Card sleeves
  • Card dispensers

Industry Examples of Credit Cards-Plastic Metal Etc-Distr (Wholesale)

Common products and services typical of NAICS Code 425120-64, illustrating the main business activities and contributions to the market.

  • Credit card distributors
  • Plastic card distributors
  • Metal card distributors
  • Card reader distributors
  • Card printer distributors
  • Card embosser distributors
  • Card laminator distributors
  • Card holder distributors
  • Card sleeve distributors
  • Card dispenser distributors

Certifications, Compliance and Licenses for NAICS Code 425120-64 - Credit Cards-Plastic Metal Etc-Distr (Wholesale)

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 (PCI SSC).
  • NAPCP: The National Association of Purchasing Card Professionals offers a certification program for professionals in the purchasing card industry. The program covers topics such as program management, compliance, and fraud prevention.
  • CFSA: The Community Financial Services Association of America offers a certification program for professionals in the short-term lending industry. The program covers topics such as compliance, consumer protection, and best practices.
  • CFE: The Certified Fraud Examiner certification is offered by the Association of Certified Fraud Examiners. The certification covers topics such as fraud prevention, detection, and investigation.
  • CAMS: The Certified Anti-Money Laundering Specialist certification is offered by the Association of Certified Anti-Money Laundering Specialists. The certification covers topics such as money laundering techniques, compliance, and risk management.

History

A concise historical narrative of NAICS Code 425120-64 covering global milestones and recent developments within the United States.

  • The "Credit Cards-Plastic Metal Etc-Distr (Wholesale)" industry has its roots in the early 1950s when the first credit card was introduced by Diners Club. The industry saw significant growth in the 1960s and 1970s when credit cards became more widely accepted and used. In the 1980s, the industry saw the introduction of magnetic stripe technology, which allowed for more secure transactions. The 1990s saw the introduction of smart cards, which further increased security and allowed for more advanced features such as loyalty programs. In recent years, the industry has seen the introduction of contactless payment technology, which allows for even faster and more convenient transactions. In the United States, the industry has been dominated by a few major players such as Visa, Mastercard, and American Express, but there has been increasing competition from new entrants such as Apple Pay and Google Wallet.

Future Outlook for Credit Cards-Plastic Metal Etc-Distr (Wholesale)

The anticipated future trajectory of the NAICS 425120-64 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 Cards-Plastic Metal Etc-Distr (Wholesale) 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 other payment methods. The rise of e-commerce and online shopping has also contributed to the growth of the industry. The industry is expected to benefit from the increasing use of credit cards and other payment methods in emerging markets. The industry is also expected to benefit from the increasing use of mobile payments and other digital payment methods. Overall, the industry is expected to continue to grow in the coming years due to the increasing demand for credit cards and other payment methods.

Industry Innovations for NAICS Code 425120-64

Recent groundbreaking advancements and milestones in the Credit Cards-Plastic Metal Etc-Distr (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

  • Contactless Payment Technology: Contactless payment technology has become increasingly popular in recent years. This technology allows customers to make payments without having to swipe or insert their credit card. Instead, they can simply tap their card on a payment terminal. This technology has become increasingly popular due to its convenience and speed.
  • Mobile Payment Apps: Mobile payment apps have become increasingly popular in recent years. These apps allow customers to make payments using their mobile devices. They can be used to pay for goods and services in stores, online, and in-app. Mobile payment apps have become increasingly popular due to their convenience and ease of use.
  • Chip and PIN Technology: Chip and PIN technology has become increasingly popular in recent years. This technology replaces the traditional magnetic stripe on credit cards with a microchip. Customers are required to enter a PIN number to complete a transaction. This technology has become increasingly popular due to its security features.
  • Virtual Credit Cards: Virtual credit cards have become increasingly popular in recent years. These cards are designed to be used for online purchases only. They are not physical cards, but rather a set of numbers that can be used to make purchases online. Virtual credit cards have become increasingly popular due to their security features.
  • Biometric Authentication: Biometric authentication has become increasingly popular in recent years. This technology uses biometric data, such as fingerprints or facial recognition, to authenticate a user's identity. This technology has become increasingly popular due to its security features.

NAICS Code 425120-64 - Credit Cards-Plastic Metal Etc-Distr (Wholesale)

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