Despite the challenges to make significant impacts to often large and complex programs, the environment remains positive for stakeholders in the commercial card arena.
Boston, MA (PRWEB) October 14, 2015
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 newest 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 remains 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.”
Highlights of the report include:
- Review of current purchasing card and travel and entertainment card volumes including virtual solutions
- Network performance and key drivers to extended growth
- Performance of top commercial card issuers including growth estimates
- Key elements to successful commercial card programs to sustain growth
- The importance of commercial cards in broader corporate payables strategies
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.
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.