Expenditures for check verification/guarantee will nearly triple over the forecast period, becoming the major (57%) delivery mode. Check verification/guarantee will, in all likelihood, remain less than 10% of total retail check dollar volume.
Check verification/guarantee services will benefit from the rapidly increasingly base of credit card authorization terminals which can also handle check transactions. Price competition and attendant economies of scale will limit expenditure growth to 23% annually over the forecast period.
VAN vendors will process a combination of over four billion direct authorization and indirect interchange transactions. Unless telecommunication costs (AT&T) sharply rise, economies of scale will limit expenditure growth to 20% annually over the forecast period.