US leads global commercial card market: report
Payments Dive
MAY 8, 2024
accounted for 58% of global commercial card spend last year, but also for 78% of total value lost to card fraud, according to a report by Euromonitor International.
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Payments Dive
APRIL 18, 2024
The Swedish buy now, pay later pioneer revised its approach to credit cards in the U.S. market, ditching a more expensive version it touted two years ago.
PYMNTS
SEPTEMBER 5, 2019
Commercial and consumer cards issued in the U.S. Commercial card spending is up 11.7 percent, compared to consumer card spending, which grew by 10.1 Commercial card spending was $1.39 Consumer card spending was $4.74 Consumer card spending was $4.74 Visa ’s commercial card was 43.2 generated $6.13
Perficient
FEBRUARY 2, 2023
Here are some of the biggest payment trends we’re forecasting for the new year. Security/Biometric Payments With the widespread popularity of digital payments continuing to grow, security remains at the forefront of concern for payment companies and their vendor partners.
Payments Dive
OCTOBER 20, 2023
As the company’s marketing spending dipped in the third quarter, Amex acquired fewer new cards than it has in recent quarters.
PYMNTS
DECEMBER 3, 2020
Might mobile payments help revolutionize corporate cards? It’s been well documented how reliant on paper checks B2B payments have been right up to and even into the pandemic — with a significant percentage of payments being done through those antiquated means.
PYMNTS
NOVEMBER 16, 2020
Now comes the work of embedding touchless payments anywhere and everywhere people might want them. In Beyond the Card: Toward the Cardless and Contactless Future , a PYMNTS and i2c Inc. Physical cards are changing form, as some NFC-capable mini-cards are being embedded in rings and other wearables. told PYMNTS.
PYMNTS
JANUARY 19, 2021
While the coronavirus crisis certainly accelerated the drive toward digital, the mid-market's commerce digitization push was well underway before the pandemic hit. With B2B eCommerce proliferating, the market is rapidly evolving to make way for new business and payment models in response to customer demand.
PYMNTS
FEBRUARY 11, 2020
11) to set up a bank card clearing business, granting access to a $27 trillion payments market, according to reports. . The People’s Bank of China said in a statement that it has approved an application by Mastercard’s Chinese joint venture to conduct bank card clearing business in the country.
PYMNTS
APRIL 9, 2020
From coordinating a team of newly remote workers to assessing new business models, the coronavirus pandemic is drastically disrupting the way organizations run and it is forcing a complete rethink of almost every aspect of operations — payments included. While it’s still early days, Boost Payment Solutions Founder and CEO Dean M.
PYMNTS
DECEMBER 30, 2019
The middle market can be an ideal corporate customer for a financial institution (FI). Unlike a small business, the middle market typically holds a lower-risk profile with steady profits and strong growth. But you shouldn’t shove [the middle market] into small business or commercial — you should have a third segment.”.
Payments Dive
NOVEMBER 21, 2023
card companies have gained a foothold in China’s market, but they must still win over banks and battle behemoth China UnionPay.
Payments Dive
DECEMBER 7, 2017
Globally, the reliance on card-payment methods is failing merchants and their ability to further monetize. billion credit card owners. Despite the fact that there are 5 billion phone owners globally, there are only 1.5
Bank Innovation
JANUARY 15, 2020
card companies just moved a step closer to gaining access to China’s $27 trillion payments market. China said it won’t take longer than 90 days to consider applications from providers of electronic-payments services such as Mastercard, Visa and American Express Co., The biggest U.S.
Bank Innovation
FEBRUARY 11, 2020
won approval to set up a bank card clearing business in China, gaining access to a $27 trillion payments market as part of the nation’s financial opening. Mastercard Inc.
PYMNTS
JULY 30, 2019
FinTech dLocal , which specializes in cross-border payments for emerging markets, has announced its expanded its payments network to include Indonesia, Ecuador and Bolivia. Payments infrastructure in LATAM, APAC, and MENA is fragmented and complex,” Sebastian Kanovich, CEO of dLocal, said in a press release.
PYMNTS
FEBRUARY 18, 2020
FinTech SumUp is launching its first card for business payments, in partnership with Mastercard , SumUp announced in a blog post on Tuesday (Feb. The new SumUp Card will enable merchants to quickly access money and monitor finances while making necessary business payments. The card will also help U.K.
PYMNTS
OCTOBER 9, 2019
Effective subscription offerings require careful strategizing around payments, however. Should customers’ recurring payments fail, due to credit cards expiring or other issues, this could produce involuntary churn in which otherwise willing customers are accidentally dropped. Around the Recurring Global Payments world.
PYMNTS
OCTOBER 19, 2020
Mastercard has added new B2B payment features in the Asia Pacific, intending to bolster its services for businesses looking for diverse payments methods, a press release says. The new payment facility will help to boost cash flow management and automate payments.
Payments Dive
APRIL 13, 2022
Higher spending due to inflation is poised to drive up credit card volumes, according to an S&P Global Market Intelligence report. Card issuers have been eager to see stronger loan growth, but if delinquencies rise, that could be concerning for the industry.
PYMNTS
SEPTEMBER 29, 2020
New payment rails are once again in the spotlight as real-time payments and cryptocurrency emerge as the top focuses for innovators. In this week’s look at payment rails innovation, the European Union begins paving the way for greater crypto adoption, while Mastercard expands its own crypto accelerator initiative.
PYMNTS
DECEMBER 22, 2020
Italian consumers are embracing a new government program aimed at boosting retail sales while tamping down on tax evasion that allows buyers to receive a 10% refund on card payments made in stores. By offering the incentive, they hope to cut down on black market deals and fraud, according to The Financial Times.
PYMNTS
FEBRUARY 27, 2020
Mastercard and pan-European FinTech myPOS are teaming up to promote card payment solutions to small and medium-sized businesses (SMBs) across Europe, Mastercard announced on Thursday (Feb. The strategic partnership aims to inform more SMBs about the new tools for card acceptance that can fit their needs and budget.
Bank Innovation
FEBRUARY 20, 2020
Rapyd, a startup that converts international payments, announced a partnership with Visa this week to grow its card issuing business. “A A major opportunity for us, and we’re seeing this around the world from a sheer use-case perspective, is card issuing,” said Marc Winitz, chief marketing officer at Rapyd.
PYMNTS
NOVEMBER 15, 2019
Though credit cards were not originally designed to address the needs of corporate payers, advances in commercial card technology have positioned the payment tool as one that’s gaining traction in the accounts payable department. This, he noted, is Mesh’s entryway to the market of cross-border B2B payments.
PYMNTS
NOVEMBER 12, 2020
Safety-minded consumers the world over can now be seen tapping contactless cards, scanning QR codes or utilizing voice ordering technologies to make purchases without potentially putting themselves or others at risk of contracting the virus. The Beyond The Card: Toward The Cardless And Contactless Future report, a PYMNTS and i2c Inc.
PYMNTS
OCTOBER 28, 2019
CPI Card Group announced that it has launched Second Wave cards for markets including transit, hospitality, entertainment and more. First launched in September, Second Wave payment cards feature a core made with recovered ocean-bound plastic to reduce first-use plastic while diverting plastic waste from entering the ocean.
PYMNTS
SEPTEMBER 7, 2020
For businesses, the world market was thrown into volatility, yet soon, new opportunities emerged. For the corporate card, 2020 has been a season for dramatic shifts in how the payment tool is used and the value it adds to the enterprise. Winter Blues. Spring’s SMB Support. Spring began in dramatic fashion.
PYMNTS
FEBRUARY 5, 2020
Commercial card technology can ease multiple pain points in B2B payments. But as today’s industry players reveal, the commercial card opportunity is often biggest in areas outside of the payment. Pleo Makes a Commercial Card Shift. market, including Tide and Soldo. Citi Targets Customer Service.
Bank Innovation
JUNE 27, 2019
Credit card distribution startup Extend sees a $400 billion market opportunity in eliminating out-of-pocket spending for business expenses through the instant issuance of virtual company credit cards.
PYMNTS
NOVEMBER 5, 2020
The November CFO’s Guide To Digitizing B2B Payments report examines how companies are modernizing their AP and accounts receivable (AR) processes for smoother procurement experiences. Around The B2B Payments World. How Virtual Cards Help Build Better Construction Pr ocurement. percent from 2020 to 2027. Read more in the report.
Payments Dive
DECEMBER 17, 2019
Despite the plethora of payment choices we have today, many of us are still using our debit cards. Carol Specogna, Fiserv's VP of card services, gives an overview of the market and talks about new technologies that FIs can leverage to boost their debit card revenue.
Accenture
JUNE 27, 2022
Most payments leaders who participated in our Growth in Payments research think digital payments could overtake plastic cards and cash by 2025. It’s clear that they expect a surge in payments innovation, different consumer behaviors, shifting regulations—and new payments growth.
Bank Innovation
JANUARY 9, 2020
cleared a key hurdle in its bid to accessing China’s $27 trillion payments market after the central bank accepted its application to start a bank card clearing business. American Express Co. The People’s Bank of China made the announcement on its official Wechat account Wednesday, without giving more details.
PYMNTS
SEPTEMBER 30, 2020
The corporate card can have a home in the digital wallet thanks to collaborations and technology platforms designed for card issuers. FinTech firm Nium has teamed with Southeast Asia neo-bank Aspire to enable a mobile payments feature with its cards. Marqeta Releases Tokenization-as-a-Service Product For Card Issuers.
PYMNTS
APRIL 23, 2020
Hard times are hitting many people where it hurts – right in the credit cards they carry in their wallets or eWallets. Customer spending limits are being cut by top credit card companies. Discover Financial Services said in a regulatory filing that more of its customers are asking to skip payments.
PYMNTS
NOVEMBER 20, 2020
Today in B2B payments, Wells Fargo rolls out its virtual card services for B2B payments, while PayPal Ventures makes a B2B payments investment. Wells Fargo Debuts Digital Supplier Payment Tool. Wells Fargo Debuts Digital Supplier Payment Tool. In Payments Services Firm Modulr.
Payments Dive
MAY 9, 2017
The Emerging Markets Payment Index is intended to be used by digital media companies, web and game developers for benchmarking their revenue in markets with high smartphone growth and low credit card penetration.
PYMNTS
NOVEMBER 15, 2019
When the commercial card first came on the scene, executives thought of the payment tool in limited terms: a piece of plastic their employees could use to make one-off purchases at the office supply or hardware store, buy a coffee while on a business trip or take a client out to dinner. ” Recognizing Commercial Card Advantages.
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