See Full Research Library
Join Mailing List
Buyers and suppliers seeing the value-add in electronic accounts payable
New research from Mercator Advisory Group examines the U.S. commercial cards market and highlights key trends affecting it
Published on: September 14, 2016 Author: Steve Murphy Alternate Point of Contact: Amy Dunckelmann
In a new research report, The U.S. Commercial Card Market: A Growing Virtual Reality Mercator Advisory Group reviews the corporate purchasing and virtual credit card landscape for the mid to large corporate market sectors. The report discusses how virtual card payments, led by single-use accounts (SUA), are driving the current growth trends.
“The increase in U.S. commercial card purchase volume in 2015 was largely driven by P-card-related spend, including virtual accounts in both reusable and single-use forms. Traditional commercial card accounts (walking plastics for both travel and procurement) continue to grow between 4% and 7% combined,” commented Steve Murphy, Director of Mercator Advisory Group’s Commercial and Enterprise Payments Advisory Service and author of the report. “That portion of the market is more heavily dependent on economic indicators like GDP. But double-digit growth in EAP has been the driving force behind the recent higher commercial card growth. Mercator Advisory Group expects that this trend will continue over the next four years”.
The research report is 20 pages long and contains 7 exhibits.
Companies mentioned in this report include AOC, Bora Payment Systems, Comdata, CSI Enterprises, Verient, and WEX.
(Click to Enlarge)
Commercial & Enterprise Payments
Debit & Alternative Products
North American PaymentsInsights
Small Business PaymentsInsights
Fraud Experience PaymentsInsights
News & Events
@2022 Escalent and/or its affiliates. All Rights Reserved