From first swipe to final money transfer, a breakdown of the steps and players behind every payment card transaction

Payment card ecosystemBI IntelligenceA selection of payments companies in different categories. This is not a comprehensive list.

The payments industry had a huge year in 2014 and it’s showing no sign of slowing down. On the one hand tech giants like Amazon and Apple released new products that affirmed their long-term payments ambitions (Apple Pay and Amazon Local Register). On the other hand startups such as Stripe and ShopKeep continued to carve out market share, challenging older players like PayPal and VeriFone.

Understanding this complex and rapidly evolving space can be challenging. In a new explainer, BI Intelligence offers a high-level look at the payments industry — how it functions, who the key players are, and the trends shaping the industry. We start by explaining payment-card processing, since the majority of consumer payments and transaction volume flow through this system. From there we take a look at how consumers’ move to mobile devices is changing the way we pay, and which players stand to benefit.

Access the Full Report By Signing Up For A Risk-Free Trial Membership Today >>

Here are some of the key takeaways:

In full, the report:

For full access to all BI Intelligence’s charts and data on the Payments Industry, sign up for a free trial.

Disclosure: Jeff Bezos is an investor in Business Insider through his personal investment company Bezos Expeditions.

NOW WATCH: Forget Kim Kardashian — the ‘butt selfie’ queen of Instagram is a 21-year-old from Long Island

NOW WATCH: Tech Insider videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.