LONDON--(Marketwire - Nov 15, 2012) - Payment service providers like American Express Company and Discover Financial Services are in a better position than they were a year ago for two big reasons. Transaction volumes have improved and the global economy has made progress.
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The uptick in business-to-business volumes can be attributed to the global economy improving slightly in the last year as well as the trend of more companies expanding overseas. The latter of these two factors is perhaps more important because of its potential. Companies across all sectors are increasingly looking to foreign markets, in turn necessitating greater demand for payment services. It is very likely that these efforts will continue, especially for U.S. and Europe based companies still feeling the effects of high unemployment and sovereign debt concerns, respectively. See what our analysts have to say on Discover Financial Services. Follow the Link below
However, depressed consumer-to-consumer volumes are still a concern for most payment service providers. Some companies have responded by shifting their focus more towards commercial operations while others have upped marketing efforts to kick start consumer transaction related revenues. Analyst opinion on American Express is accessible for free at
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