MarketLooks, from MarketResearch.com, are concise 15-30 page summaries of popular full-length market research reports published by Packaged Facts. This MarketLooks report has been compiled from the following full-length study:

Title: The U.S. Market for Corporate Credit and Purchasing Cards
Published: January 2003

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The following is the abstract from the full report:
This Packaged Facts report focuses on the $350 billion dollar commercial credit card industry, covering corporate (travel and entertainment) cards, purchasing cards, and fleet cards, as well as new products such as payroll cards. The report examines the latest trends in the industry, including significant mergers, new products and services, and a multitude of growth factors in this evolving market—such as a new role for purchasing cards in business-to-business transactions, a new focus on small businesses, and a boom in electronic purchasing. This provides a baseline for projections of market growth from 2002-2007, as well as historical market data. Also included are detailed company profiles of the leading bankcard associations and card issuers, as well as demographic data on commercial credit card holders, focusing on characteristics such as gender and education and income levels.

The market for commercial credit cards is poised for substantial growth, thanks largely to the economy-wide movement to online purchasing and financial management platforms. At the same time, issuers are finding it more and more challenging to meet the diverse needs of cardholders and provide the total package in commercial card services. Some major players have backed away from the market entirely, while newer upstarts have carved out a niche with products and services that are custom-tailored to specific segments of the business market. This report traces the evolution of a rapidly growing business, and offers valuable insights into how its future is being shaped by new technology and other changes throughout the corporate world.

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