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Reportlinker Adds North American Market for Third Party Payroll, Payment and Healthcare Transaction Processing, 3rd Edition , The Report
Date:9/22/2009

NEW YORK, Sept. 22 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue.

North American Market for Third Party Payroll, Payment and Healthcare Transaction Processing, 3rd Edition , The

http://www.reportlinker.com/p0137886/North-American-Market-for-Third-Party-Payroll-Payment-and-Healthcare-Transaction-Processing-3rd-Edition--The.html

The North American market for third party processing (TPP) services continues to perform well despite the global recession, with 2008 sales at $62 billion based on exceptionally strong growth during the past five years, and with 9%-10% average annual gains forecast through 2013. Seeking to offset the impact of lower employment figures in the payroll space and reductions in consumer use of credit in the payment space, third party processors continue to bank on the ongoing move from paper to electronic processing while waiting for government stimulus initiatives to kick in, especially in the healthcare arena. During the down economy major TPPs are also promoting new technologies to give their businesses a boost, working to increase revenues from existing clients, and tapping into related growth areas such as human resources outsourcing in the payroll space and mobile transactions in the payment space. At the same time, the market continues to see competitive upheaval, including Heartland's 2008 purchase of the TPP business of Alliance Data Systems, and Fidelity National's 2009 acquisition of Metavante in the payment market; and Emdeon's 2008 emergence as an independent company and McKesson's purchases of Per-Se (2007) and RelayHealth (2008) in the healthcare space.

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