Tools commonly used in the Credit Card-Merchant Services industry for day-to-day tasks and operations.

• Payment gateways
• Point-of-sale (POS) systems
• Card readers
• Fraud detection software
• Chargeback management tools
• Payment processing APIs
• Payment processing software
• Payment terminals
• Virtual terminals
• Mobile payment apps

Common products and services typical of NAICS Code 518210-07, illustrating the main business activities and contributions to the market.

• Payment processing companies
• Merchant account providers
• Payment gateway providers
• POS system providers
• Card reader manufacturers
• Fraud detection companies
• Chargeback management companies
• Payment processing software developers
• Payment terminal manufacturers
• Mobile payment app developers

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 Payments Professional (CPP): The CPP certification is offered by the Electronic Transactions Association (ETA) and is designed to recognize individuals who have demonstrated a level of expertise in the payments industry. The certification covers a range of topics including payment processing, risk management, and regulatory compliance.
• National Automated Clearing House Association (NACHA) Operating Rules: The NACHA Operating Rules are a set of rules and guidelines that govern the ACH network in the United States. The rules cover topics such as transaction processing, risk management, and regulatory compliance.
• Certified Fraud Examiner (CFE): The CFE certification is offered by the Association of Certified Fraud Examiners (ACFE) and is designed to recognize individuals who have demonstrated expertise in fraud prevention, detection, and investigation. The certification covers a range of topics including fraud schemes, investigation techniques, and legal issues.
• 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 recognize individuals who have demonstrated expertise in information security. The certification covers a range of topics including security and risk management, asset security, and security engineering.

A concise historical narrative of NAICS Code 518210-07 covering global milestones and recent developments within the United States.

• The "Credit Card-Merchant Services" industry has a long and rich history that dates back to the early 20th century. In 1914, Western Union introduced the first consumer charge card, which allowed customers to charge purchases at participating merchants. In the 1950s, Diners Club introduced the first universal credit card, which could be used at multiple merchants. In the 1960s, Bank of America introduced the first modern credit card, the BankAmericard, which eventually became Visa. In the 1970s, Mastercard was introduced, and the industry continued to grow rapidly. In recent history, the industry has seen significant advancements in technology, such as the introduction of mobile payments and contactless payments. In the United States, the industry has also faced increased regulation, such as the Durbin Amendment, which capped debit card interchange fees. Despite these challenges, the industry has continued to thrive and innovate.

The anticipated future trajectory of the NAICS 518210-07 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Growing

  The Credit Card-Merchant Services industry in the USA is expected to continue its growth trajectory in the coming years. The industry is expected to benefit from the increasing adoption of cashless payment methods, the growth of e-commerce, and the increasing number of small businesses. The industry is also expected to benefit from the increasing use of mobile payments and the growing popularity of contactless payments. However, the industry is also expected to face challenges such as increasing competition, changing regulations, and the threat of cybercrime. Overall, the industry is expected to continue its growth in the coming years, but it will also face challenges that will require innovation and adaptation to stay competitive.

Recent groundbreaking advancements and milestones in the Credit Card-Merchant Services industry, reflecting notable innovations that have reshaped its landscape.

• Mobile Payments: The increasing use of mobile payments has been a major innovation in the Credit Card-Merchant Services industry. Mobile payments allow customers to make payments using their smartphones, which has made payments more convenient and faster.
• Contactless Payments: Contactless payments have also been a major innovation in the industry. Contactless payments allow customers to make payments by simply tapping their cards or smartphones on a payment terminal, which has made payments faster and more convenient.
• EMV Technology: The adoption of EMV technology has been a major milestone in the industry. EMV technology is a more secure payment method that uses a chip in the card to authenticate transactions, which has reduced the risk of fraud.
• Online Payment Gateways: The growth of e-commerce has led to the development of online payment gateways, which allow businesses to accept payments online. Online payment gateways have made it easier for businesses to sell their products and services online.
• Point Of Sale (POS) Systems: The development of POS systems has been a major innovation in the industry. POS systems allow businesses to accept payments using a variety of payment methods, including credit cards, debit cards, and mobile payments. POS systems have made payments faster and more convenient for both businesses and customers.