Payment Security Service Market: Competition, Industry Manufacturer, Sales, Growth Analysis and 2023 Forecast | Braintree (Illinois, US), CyberSource Corporation (California, US)

Security of Payment refers to any system designed to ensure that contractors and sub-contractors are paid even in case of dispute. This can involve a system of progress payments, interim arbitration decisions, or a system which legally requires a company to pay an invoice within a set number of days, regardless of whether the company believes they are accurate.

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Security of Payment legislation has been introduced by each Australian State and Territory to allow for the rapid determination of progress claims under building contracts or sub-contracts and contracts for the supply of goods or services in the building industry. This process, which establishes adjudication as the primary dispute resolution mechanism, was designed to ensure cash flow to businesses in the construction industry, without the parties getting tied up in lengthy and expensive litigation or arbitration. In addition to quick payment, the scheme also allows for security of payment to be provided in stages or payment schedule.Major Key Players- Braintree (Illinois, US), CyberSource Corporation (California, US), Elavon (Georgia, US), Index (Nevada, US), Ingenico ePayments (Hoofddorp, Netherlands), Intelligent Payments (Gibraltar), GEOBRIDGE C et al.

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Global Payment Security Service market report represents qualitative and quantitative valuation by industry analysts, first-hand data, assistance from industry experts along with each industry manufacturers by the market valuation. Payment Security Service report also give widespread analysis of root market trends, several governing elements and coupled with market improvements as per every segment.

It covers Regional Segment Analysis, Type, Appliction, Major Manufactures, Industry Chain Analysis, Competitive Insights and Macroeconomic Analysis.In the Global Payment Security Service Industry Market Analysis & Forecast 2018-2023, the revenue is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2023, growing at a CAGR of XX% between 2018 and 2023.

It covers the key technological and market trends in the Payment Security Service market and further lays out an analysis of the factors influencing the supply/demand for Payment Security Service, and the opportunities/challenges faced by industry participants. It also acts as an essential tool to companies active across the value chain and to the new entrants by enabling them to capitalize the opportunities and develop business strategies.

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