Commercial Payment Cards: U.S. and Global Market Trends, 8th Edition

Attention: There is an updated edition available for this report.
 
   Single User - $4,050
   Hard Copy Mail Delivery - $4,900
   Site License (one location, 10 users) - $6,750
   Corporate License - $9,000



Loading...
Published Mar 18, 2014 | 130 Pages | Pub ID: LA5168245

Special offer: now 10% off original price of $4,500
Commercial Payment Cards: The U.S. and Global Markets and Trends, 8th Edition

One of the bright spots in 2014 for the payments industry was the strength of commercial payment cards. While consumer credit spending was hampered, commercial card purchase volume progressed at a healthy pace, Packaged Facts has found. According to our new report, Commercial Payment Cards: The U.S. and Global Markets and Trends, commercial card purchase volume reached $888 billion in 2013 on growth of 13%. But commercial cards are catching on in both the U.S. and abroad: we forecast global commercial card purchase volume to grow by 13% in 2014 and in 2015, rising from $1.4 trillion to $1.79 trillion, with both small businesses and larger corporations fueling growth.

The global landscape is quickly shifting, due in part to the quick ascension of UnionPay, which now generates more commercial card purchase volume than JCB, BC Card and Discover/Diner’s Club and surpassed Visa in 2013 as the largest network by credit and debit purchase volume. With globalization occurring at a rapid pace, payments networks and financial institutions keen to meet the needs of multinational corporations and penetrate new market are growing alongside the world’s large corporations.

And U.S. commercial banks have worked hard to close the commercial payments gap with competitors such as American Express. Long the “Apple” of corporate payments, American Express is a one-stop provider of financial instruments (cards, service and solutions, and a network all under one roof). Commercial banks in the U.S. may be taking competition up a notch, using a combination of in-house and external resources, such as Visa and/or MasterCard solution and tapping their unsurpassed global location reach.

Cost savings drives migration to commercial cards. However, the industry is approaching that impetus with increasingly sophisticated solutions: With names like IntelliLink (Visa), SmartData (MasterCard), PAYVE (American Express) and Paymode-X (Bank of America), the industry has introduced some very enticing value propositions to their corporate clients, allowing them to leverage information, create process synergies, and control costs better than ever before. Gaining traction in the marketplace, these kinds of platforms are the real growth drivers behind the cards, and some no longer rely on physical cards at all.

Scope

This Packaged Facts report presents data and analysis on the global and U.S. market for commercial payment cards and the U.S. market for commercial electronic payments. Commercial Payment Cards: The U.S. and Global Markets and Trends, 8th Edition presents the size and growth of the market and related key metrics within the broader payment card arena. Included are discussions and analysis of the various card associations or networks, commercial payment card types, trends and factors affecting their growth, and a focused analysis of commercial card consumer demographics and preferences. In addition, major card brands and issuers are profiled with recent activity.

In particular, this report:
  • Provides a commercial card market size and forecast through 2015, with supporting analysis of global, U.S. and no-U.S. consumer and commercial purchase volume growth during 2010-2013. This includes volume share among the leading global networks: American Express; BC Card; Diner's Club; Discover; JCB; MasterCard; UnionPay and Visa. In the United States, we also distinguish between credit/charge volume and debit/prepaid volume by major network for 2013.
  • Analyzes American Express, Discover/Diner’s Club, MasterCard and Visa commercial card operations, including growth strategies, card programs, electronic solution evolution, and U.S. and non-U.S. trends. We also provide 2010-2013 trending of American Express, MasterCard and Visa global, U.S. and non-U.S. commercial and consumer purchase volume. In addition, we provide small business volume estimates for these three networks, and (for Visa and MasterCard), the percentage of U.S. commercial spend attributable to credit cards and debit/prepaid cards.
  • Assesses the commercial card strategies of major U.S. commercial bank players, including Bank of America, Citibank, JPMorgan Chase and U.S. Bank, as well as commercial card processing giant Total System Services.
  • Analyzes the closed-loop commercial fleet card market and the closed loop airline/travel market, focusing on the strategies being employed by industry players such as Comdata Inc., FleetCor Technologies, Inc., MasterCard, U.S. Bank Voyager Fleet Systems Inc., WEX Inc., Universal Air Travel Plan, Inc. and AirPlus International.
  • Analyzes the U.S. government’s contribution to commercial card growth, focusing on growth trends in its SmartPay charge card program. Spend and transactions are trends by contract holder (Citibank, JPMorgan Chase and U.S. Bank) as well as by purchase, fleet and travel spending categories.
  • Addresses trends shaping the commercial card industry, including globalization trends, analysis of UnionPay and JCB; data-driven analysis of purchase card usage and spending; and location acceptance issues.
In this report,  {{key}} appears {{searchResults.reportMatchCounts[value]}} times
We were unable to search inside this report.
No results matched your search criteria.

Search for an exact word or phrase by placing the word or phrase in quotation marks ("market trend"). Search for different versions or tenses of a word by placing an asterisk at the end of the word (pharma*).

Please note that your term must be at least three characters long and numbers will be blocked by the # sign.