NewswireToday - /newswire/ -
London, United Kingdom, 2007/07/27 - Report Buyer, the online destination for business intelligence for major industry sectors, has added a new report on growth of the North American Third Party Processing (TPP).
The reports shows that TPP are expected to continue posting the healthy numbers of the past five years.
The North American Market for Third Party Payment, Payroll, and Healthcare Transaction Processing” forecasts the TPP market will average 10% annual gains from of a total of $63,4 billion in revenue by 2011, by making use of the web to provide the most immediate form of fund and data transfer.
The report shows that the Internet will continue to have great importance on all three segments of the market, including payment, payroll and healthcare transactions. By focusing on a business’s core competencies and less on the burdens of handling all types of transactions, the revenue will subsequently increase.
Online payroll TPP, person-to-person payment options, healthcare data access, and patient authorization are all part of the growing services offered in a competitive market, enabling TPP to expand beyond their traditional core businesses.
The report says that consolidation and cross pollination will become bigger factors as to which companies continue to be the dominant competitors across all three TPP segments.
“The North American Market for Third Party Payment, Payroll, and Healthcare Transaction Processing” provides a comprehensive look at the market for providers of data or funds transactions processing. The report examines market trends, offers competitor profiles, and identifies consumer trends and behaviors.
“The North American Market for Third Party Payment, Payroll, and Healthcare Transaction Processing”is available from Report Buyer. For more information, please visit the website.
Report Buyer product ID: PKF00075
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