Banks that don’t offer commercial card products run the risk of being disenfranchised from their cash management customers that use card products to manage some or most of their business-to-business payments.
Boston, MA (PRWEB) February 13, 2014
For banks with a cash management presence but without a commercial card offering, the time is right to enter the market and offer card products for businesses, according to Mercator Advisory Group’s Commercial and Enterprise Payments Advisory Service.
Mercator Advisory Group's newest Research Report, It’s Not Too Late to Become a Commercial Card Issuer, shows that offering commercial cards is an excellent way for banks to extend their cash management product set.
"Banks that don’t offer commercial card products run the risk of being disenfranchised from their cash management customers that use card products to manage some or most of their business-to-business payments," comments Amy Hoke, Director of Mercator Advisory Group’s Commercial and Enterprise Payments Advisory Service. “With the market expected to continue to grow, it’s not too late to become a commercial card issuer.”
Highlights of the report include:
- Definition of the types of products offered by commercial card issuers
- Definition of various payment forms for commercial cards
- Description of additional features that make up a commercial card program
- Card volumes and growth
- Issuance models
- Guidelines for new issuers to get started
The report is 21 pages long and contains 8 exhibits.
Companies mentioned in this report include Santander Bank, N.A., TSYS, and Visa.
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.
Please visit us online at http://www.mercatoradvisorygroup.com.
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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.