“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.”
Boston, MA (PRWEB) April 19, 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.
Commercial 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
This report contains 26 pages and 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, and Wex.
Members of Mercator Advisory Group’s Commercial and Enterprise Payments Advisory Service have access to this report as well as the upcoming research for the year ahead, presentations, analyst access, and other membership benefits.
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About Mercator Advisory Group
Mercator Advisory Group is the leading, independent research and advisory services firm 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 technology providers and investors. Mercator Advisory Group is also the publisher of the online payments and banking news and information portal PaymentsJournal.com.