Improving Suppliers' Knowledge of Commercial Card Benefits Aids Buyer, Supplier, and Issuer
Boston, MA (PRWEB) December 15, 2015 -- Corporations, their suppliers, and the banks that issuer commercial cards all stand to gain from commercial card use. The benefits of commercial card acceptance by suppliers have been well publicized—process efficiencies, improved working capital management, strengthened customer relationships, and more. Yet, suppliers are not always happy about accepting cards for business-to-business (B2B) payments. Their reluctance may stem from their lack of knowledge of how to maximize the efficiencies of card acceptance and thereby reduce costs, both hard and soft dollar. Banks that issue commercial cards stand to reap the benefit of increased commercial card processing volumes if they improve the level of knowledge they impart to suppliers, both directly and in collaboration with their corporate clients, which are typically the buying organizations.
Mercator Advisory Group's newest research note, Driving Up the Value of Commercial Card Acceptance for Suppliers, recommends that issuers inform suppliers of the steps they can take to make commercial cards a win for themselves and their customers. The document presents details on the combination of factors that affects the relative value of commercial card acceptance, including interchange strategies, incremental benefits of electronic accounts payable (EAP) and cash flow impacts for all parties involved.
“There is a tremendous upside to card scheme acceptance, for which banks and buyers hold the keys,” comments Richard Hall, Director of Mercator Advisory Group’s Commercial and Enterprise Payments Advisory Service and principal author of the report.
Highlights of the research note include:
• Differences between supplier-processed and buyer-processed commercial card options
• Calculations showing how card product and purchase-to-pay process affect value
• Implications of payment timing
The research note is 10 pages long and contains 7 exhibits.
Companies mentioned in the document are MasterCard and Visa.
Members of Mercator Advisory Group's Commercial and Enterprise Payments Advisory Service have access to this research note as well as the upcoming research for the year ahead, and presentations and analyst access and other membership benefits.
Please visit us online at http://www.mercatoradvisorygroup.com.
For more information and media inquiries, please call Mercator Advisory Group's main line: (781) 419-1700, send email to media(at)mercatoradvisorygroup(dot)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.
Karen Yetter, Mercator Advisory Group, http://www.mercatoradvisorygroup.com, +1 (781) 419-1703, [email protected]
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