Card Management Systems (CMSs) have undergone significant advancements, progressing from signatures to magnetic strips and eventually incorporating chips. These platforms have not only adapted to various payment card types and emerging payment methods but also continue to play a crucial role in payment infrastructure. Despite its significance, CMSs have not gained as much attention as other payment channels like mobile payments and m-commerce, mainly due to challenges such as the non-seamless process of blocking a lost or misused card. Nevertheless, CMSs remain integral to banking processes, contributing significantly to the growth of the CMS market.

Quadrant Knowledge Solutions defines a CMS as a software system that provides functionalities supporting the comprehensive lifecycle management of debit, credit, prepaid, smart chip, and all multi-application smart cards. This platform empowers organizations to handle various aspects of card management, including billing, support for multiple payment types (such as mobile and contactless), account management, clearing, settlement, credit scoring, dispute management, microfinance, and merchant servicing. It serves as a centralized platform for a wide range of card-associated activities and services, from designing card products to attract new customers to increasing card usage among existing ones.

Download the Sample Report of Market Share: Card Management Systems

Key questions this study will answer:

  • Is the Card Management Systems market growing? What are the short-term and long-term growth potential of eCommerce fraud prevention market?
  • What are the key market accelerators and market restraints impacting the global Card Management Systems market?
  • What are the major end-user industries of e Card Management Systems? Which industries offer maximum growth opportunities during the forecast period?
  • Which global region offers maximum growth opportunities in the Card Management Systems market?
  • Which customer segments have the maximum adoption of Card Management Systems?
  • What are the various deployment options of Card Management Systems?

In terms of strategic market direction:

Many leading CMS vendors are enhancing their features to address financial challenges amid global uncertainties. These upgrades include capabilities like installment pay options, payment holidays, credit card expiry bypass, and virtual cards. These features assist banks and financial institutions in tackling customer challenges and ensuring compliance with regulations. For instance, the installment pay option allows banks to offer customers payment installment plans for one-time purchases.

Vendors covered in this CMS study:

ACI Worldwide, BPC, CoreCard Software, Enfuce, FIS, Fiserv, HPS, Marqeta, OpenWay, RS2 Software, Software Group, Sopra Banking Software, Tietoevry, TSYS, and Worldline

About Us: Quadrant Knowledge Solutions is a global advisory and consulting firm focused on helping clients in achieving business transformation goals with Strategic Business, and Growth Advisory Services. At Quadrant Knowledge Solutions, our vision is to become an integral part of our client’s business as a strategic knowledge partner.

Phone: (+1) 978-605-1066

Contact: [email protected]