The U.S. commercial credit card market continues to demonstrate positive growth despite recent corporate economic challenges and increased levels of investment in corporate payable solutions. While led by increases in purchasing card (P-card) volumes, the recent positive economic signs have also led to higher spend on travel and entertainment (T&E) cards as well.
Mercator Advisory Group's report, State of the Commercial Card Market, 2015, looks at the current market for commercial credit products and the near-term and long-term challenges and opportunities faced by networks, issuers, and corporates.
"The underlying elements of the U.S. commercial card market remain strong as a key component of corporate payable strategies,” comments Richard A. Hall, Director of Mercator Advisory Group’s Commercial and Enterprise Payments Advisory Service and author of the report. “Despite the challenges to make significant impacts to often large and complex programs, the environment remains positive for stakeholders in the commercial card arena. At the same time, these stakeholders must take a serious look at not just their product offerings but create new forms of value to take advantage of this opportunity.”
The report is 19 pages long and contains 8 exhibits.
Companies mentioned in this report include American Express, Bank of America Merrill Lynch, Citibank, JP Morgan Chase, MasterCard, U.S. Bank, and Visa.