New research from Mercator Advisory Group examines developments in the U.S. commercial card market
Boston, MA - April 17, 2013 - Outstanding
balances on U.S. consumer credit cards haven't increased much from the
lows reached in early 2011, and the slow rate of economic expansion is
limiting growth in domestic small business spending as well. Purchase
volume on commercial credit cards, however, has been strong enough to
sustain networks' volumes and issuers' revenues.
card spending has been growing at a rate in the high teens since 2009,
and with global commercial expenditures estimated in the hundreds of
trillions of dollars, there is still a long way to go before the
market's potential is exhausted. The new research report 2013 U.S. Commercial Card Market Update updates projections and market sizing presented in a 2011 Mercator Advisory Group report on the market.
"The commercial card market has really evolved in the last couple of years," commented Michael Misasi, senior analyst at Mercator Advisory Group and author of the report. "Extremely
flexible technology solutions are enabling middle-market issuers to
expand the addressable market for commercial cards and compete with the
global banks that once dominated the business."
Highlights of the report include:
- Commercial card purchase volume estimates for leading networks and issuers
- Volume growth projections for P-cards, T&E cards, and commercial prepaid cards
- Commercial card revenue estimates for several issuing banks
- An analysis of commercial card usage in the public sector
One of the 16 exhibits included in this report:
The report is 26 pages long and contains 16 exhibits.
Companies mentioned in this report include: American
Express, Bank of America, Citibank, Commerce Bank, JPMorgan Chase,
MasterCard, PNC, Regions Bank, SunTrust, U.S. Bank, Visa, Wells Fargo,
Members of Mercator Advisory Group's Commercial and Enterprise Payments and Credit Advisory Service have
access to this report as well as the upcoming research for the year
ahead, presentations, analyst access and other membership benefits.
Please visit us online at www.mercatoradvisorygroup.com.
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About Mercator Advisory Group
Mercator Advisory Group
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exclusively focused on the payments and banking industries. We deliver
pragmatic and timely research and advice designed to help our clients
uncover the most lucrative opportunities to maximize revenue growth and
contain costs. Our clients range from the world's largest payment
issuers, acquirers, processors, merchants and associations to leading
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