Commercial Payment Cards: U.S. and Global Market Trends, 10th Edition

 
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Published Dec 13, 2017 | 227 Pages | Pub ID: LA15476365

Commercial Payment Cards: U.S. and Global Market Trends, 10th Edition

Packaged Facts forecasts global commercial card payment value to increase at an 8.9% average annual rate during 2016-2020. Commercial cards continue to make headway across the globe, among both advanced and emerging economies, boosted by continued technological advancements in value-added solutions that increase the payment card value proposition and adapting solution mixes to clients’ size and scope. Commercial cards have gained share on ACH in the U.S. But while Packaged Facts expects international commercial card payment growth to outstrip U.S. growth through 2020, commercial cards will comprise a lower share of non-U.S. card payments over time due in part to explosive international consumer debit card growth and cost-related and regulatory challenges, where, among key emerging economies, commercial card hurdles are more pronounced. These challenges help drive rationales for emerging multi-tender B2B options that pose disintermediation risks to banks and card networks. In the meantime, China UnionPay continues to ride payment value growth in its home market. But while Western networks remain shut out of China, UnionPay payment value on internationally issued cards has shot past $100 billion, creating a strong foundation for continued international growth. 

Commercial Payment Cards: U.S. and Global Market Trends, 10th Edition provides insight on these developments and trends, and much more. The report presents data and analysis on the global and U.S. market for commercial payment solutions, including cards and ACH. The report 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 U.S. commercial card usage demographics and preferences. Major card brands and issuers are profiled. Specifically, this report:

Provides a global payment card commercial card market size and forecast through 2020, with supporting analysis of global, U.S. and non-U.S. consumer and commercial payment value growth during 2012-2016. This includes value share among seven leading payment networks (American Express, Diners Club, Discover, JCB, Mastercard, UnionPay and Visa). Provides stand-alone Visa Europe 2012-2016 payment value, including commercial and consumer credit cards and debit cards. A separate market size is provided for U.S. fleet cards. 

Includes a combined U.S. ACH/card payments market size through 2016, as well as ACH commercial payment value by type.

Provides various commercial payments opportunity analyzes, such as U.S. ACH payments growth; a global PCE forecast by region; global ACH, cash and check, and payment card value; a proprietary estimate for 2016 U.S. commercial expenditures; and U.S. business segmentation by revenue and by employment size. 

Analyzes factors influencing commercial payments growth, including electronic B2B trends, virtual cards, regulatory changes, and product enhancements and introductions.

Assesses trends and card products shaping commercial markets across the globe, including China, India, Europe, and Latin America. Payment card market sizing is provided for more than 35 countries. Commercial card estimates are provided for Canada, Latin America, and Europe. Country analysis incorporates debit card, credit card, GDP and population comparisons.

Provides guidance on U.S. business card usage penetration by card brand, business employment size and occupation; among business purchase decision markers by type of involvement, card brand, and employment size.

Analyzes the commercial payments strategies of American Express, Mastercard, Visa and China UnionPay. This includes analysis of commercial card operations, including growth strategies, card programs, electronic solution evolution, and U.S. and non-U.S. trends. 

Includes China UnionPay credit card, debit card and commercial payment value estimates, as well as international payment value in domestically issued cards and payment value on internationally issued cards. 

Trends 2012-2016 American Express, Discover, Mastercard and Visa global, U.S. and non-U.S. commercial and consumer credit card and debit card payment value. 

Drills into U.S. small business, middle market and large company value estimates for American Express, as well as Visa and Mastercard share of U.S. commercial spend attributable to credit cards and debit/prepaid cards. 

Provides commercial credit card estimates (with separate small business estimates) for major U.S. bank card issuers. Assesses the commercial card strategies of major U.S. commercial bank players, including Bank of America, Citibank, JPMorgan Chase and U.S. Bank. 

Analyzes the commercial fleet card market and the closed-loop airline/travel market, focusing on the strategies being employed by industry players such as FleetCor Technologies, Inc., WEX Inc., Universal Air Travel Plan, Inc. and AirPlus International. This includes estimates for fleet card payment value and corporate card/virtual card payment value.


CHAPTER 1: EXECUTIVE SUMMARY
REPORT SCOPE
MARKET SIZE AND FORECAST
Global payment card and commercial card market forecast
Global card payment value growth trends
U.S. payment card payment value trends
Non-U.S. payment card payment value trends
U.S. commercial expenditures opportunity
U.S. ACH payments market size
Consumer vs. business transactions
ACH network operator commercial payment market size
U.S. commercial cards vs. ACH
Sizing small, middle- & large-market companies
TRENDS & OPPORTUNITIES
Virtual cards for a virtual world
Global business travel tops $1.3 trillion
Global personal consumption expenditures trends
Layering in global B2B payment value
ACH: beat it or join it?
U.S. commercial card and ACH payments trends
U.S. commercial check usage trends
U.S. card-based electronic B2B
NON-U.S. GEOGRAPHICAL ANALYSIS
Global payment value growth trends
Canada
China
India
Europe
Latin America
COMMERCIAL CARD NETWORK OPERATORS
American Express
China UnionPay
Mastercard
Visa
COMMERCIAL CARD BANK ISSUERS
Leading market participants
Bank of America
Citibank
JPMorgan Chase
U.S. Bank
OTHER MARKET PARTICIPANTS
Corporate travel players
Fleet card players
WEX Inc.
Fleetcor Technologies, Inc.
Government
U.S. COMMERCIAL CARD USAGE TRENDS
Business credit card usage
Business purchasers
CHAPTER 2: MARKET SIZE AND FORECAST
GLOBAL COMMERCIAL CARD MARKET SIZE AND FORECAST
Market size scope
Global payment card and commercial card market forecast
Table 2-1: Global Payment Card Payment Value: Credit Card and Debit Card Market Size, 2016-2020
GLOBAL CARD PAYMENT VALUE GROWTH TRENDS
Credit cards vs. debit cards
Table 2-2: Global Payment Card Payment Value: Credit Card and Debit Card Market Size, 2012-2016
U.S. vs. non-U.S.
Table 2-3: Global Payment Card Payment Value: U.S. and Non-U.S. Market Size, 2012-2016
By network
Table 2-4: Global Payment Card Payment Value by Network, 2012-2016
Table 2-5: Global Payment Card Payment Value Share by Network, 2012-2016
Commercial card payment value share
Table 2-6: Global Payment Card Payment Value: Consumer vs. Commercial, 2012-2016
Table 2-7: Global Payment Card Payment Value: U.S. and Non-U.S. Consumer vs. Commercial, 2012- 2016
Global commercial payment value trends by network
Table 2-8: Global Commercial Payment Card Payment Value by Network, 2012-2016
Table 2-9: Global Commercial Payment Card Payment Value Share by Network, 2012-2016
U.S. COMMERCIAL CARD MARKET SIZE
U.S. payment card payment value trends
Table 2-10: U.S. Payment Card and Commercial Payment Card Payment Value by Network, 2012-2016
Table 2-11: U.S. Payment Card Networks: Payment Card and Commercial Payment Card Value, 2012- 2016
Table 2-12: U.S. Payment Card Networks: Commercial Payment Card Value Share, 2012-2016
Commercial credit cards vs. commercial debit cards
Table 2-13: U.S. Commercial Card Payment Value: Debit Card vs. Credit Card, 2012-2016
Commercial credit cards, by network
Table 2-14: U.S. Commercial Credit Card Payment Value by Network, 2012-2016
Commercial debit cards, by network
Table 2-15: U.S. Commercial Debit Card Payment Value by Network, 2012-2016
NON-U.S. COMMERCIAL CARD MARKET SIZE
Non-U.S. payment card payment value trends
Table 2-16: Non-U.S. Payment Card Payment Value by Network, 2012-2016
Table 2-17: Non-U.S. Payment Card Payment Value Share by Network, 2012-2016
Non-U.S. debit card payment value trends
Table 2-18: Non-U.S. Debit Card Payment Value by Network, 2012-2016
Non-U.S. credit card payment value trends
Table 2-19: Non-U.S. Credit Card Payment Value by Network, 2012-2016
Non-U.S. commercial card payment value trends
Table 2-20: Non-U.S. Commercial Payment Card Payment Value by Network, 2012-2016
U.S. COMMERCIAL EXPENDITURES OPPORTUNITY
Commercial expenditures opportunity
Growth forecast through 2020
Table 2-21: U.S. Commercial Expenditures by Major Input, 2012-2020
U.S. ACH PAYMENTS MARKET SIZE
Payments value: 2012-2020
Table 2-22: U.S. ACH Payments Value and Volume, 2012-2020
Credit vs. debit transfers
Network operator vs. on-us transactions
Table 2-23: ACH Payment Value and Volume: Network, In-House On-Us, Credit and Debit, 2012 vs. 2015
Consumer vs. business transactions
Table 2-24: ACH Payment Value and Volume: Credit and Debit, Consumer and Business, 2012 vs. 2015
Table 2-25: ACH Payment Value and Volume: Consumer and Business, 2015
ACH NETWORK OPERATOR COMMERCIAL PAYMENT MARKET SIZE
Network ACH payments value and volume: 2012-2020
Table 2-26: ACH Payments: Value and Volume, 2009-2016
Commercial ACH payments value and volume: 2009-2016
Table 2-27: ACH B2B Payments: Value and Volume, 2009-2016
Market size: B2B ACH transaction value by type
Table 2-28: ACH B2B Payments: CTX and CCD Value and Volume, 2009-2016
SIZING SMALL, MIDDLE- & LARGE-MARKET COMPANIES
Table 2-29: U.S. Enterprises by Employment Size: Firms, Establishments, Employed and Payroll, 2012 vs. 2015
Table 2-30: U.S. Enterprises by Employment Size: Receipts, 2012 vs. 2015
Nonemployer businesses generate more than $1.1 trillion in sales
Table 2-31: U.S. Nonemployer Businesses: Total Receipts and Number of Businesses by Receipt Size, 2015
Table 2-32: U.S. Nonemployer Businesses Receipts and CAGR, 2010, 2015 and 2020
U.S. COMMERCIAL CARDS VS. ACH
Table 2-33: U.S. Commercial ACH and Card Payment Value, 2012 vs. 2016
CHAPTER 3: TRENDS & OPPORTUNITIES
VIRTUAL CARDS FOR A VIRTUAL WORLD
What’s not to like?
Table 3-1: FleetCor and WEX Corporate Card Payment Value, 2015-2016
GLOBAL BUSINESS TRAVEL TOPS $1.3 TRILLION
GLOBAL PERSONAL CONSUMPTION EXPENDITURES TRENDS
Table 3-2: Global Personal Consumption Expenditures by Region, 2007-2016
Table 3-3: Global Personal Consumption Expenditures by Region, 2016-2020
LAYERING IN GLOBAL B2B PAYMENT VALUE
Table 3-4: Global ACH, Cash and Check and Payment Card Value by Type, 2016
ACH: BEAT IT OR JOIN IT?
ACH: a formidable commercial payments competitor
Card networks respond
A global view
U.S. COMMERCIAL CARD AND ACH PAYMENTS TRENDS
Commercial card services product satisfaction
Middle market and large market payments usage trends by payment type
Table 3-5: Percent of Payments Made by Corporations: Middle Market vs. Large Market, 2012-2016
Invoice payments and rebates
Table 3-6: Annual Spend on Card Programs to Pay Invoices, 2015
Against check declines, high-dollar ACH usage grows
Room for growth
U.S. COMMERCIAL CHECK USAGE TRENDS
U.S. CARD-BASED ELECTRONIC B2B
Visa and Amazon Business
CHAPTER 4: NON-U.S. GEOGRAPHICAL ANALYSIS
GLOBAL GROWTH TRENDS
Table 4-1: Global Card Payment Value and GDP Growth, by Country, 2012-2016
CANADA
Commercial card momentum
Table 4-2: Canada: Credit Card and Commercial Credit Card Payment Value, 2014-2016
Commercial EFT
Commercial checks
E-commerce
Remote commercial transactions
ASIA PACIFIC
China
Table 4-3: China: ATM, Credit Card, and Debit Card Value and Volume, Terminals, and ATMS, 2012- 2016
Table 4-4: China: Credit Card and Debit Card Per Capita Payment Value and GDP Analysis, 2012-2016
Commercial products beginning to gain traction
India
Table 4-5: India: Transaction Value by Payment Instrument, 2012-2016
Table 4-6: India: Credit Card and Debit Card Per Capita Payment Value and GDP Analysis, 2012-2016
Table 4-7: India Transaction Value: Credit and Debit POS and ATM, Prepaid by Type, and Mobile Banking, 2016
EUROPE
The European Union
Table 4-8: European Union Card Payments Value, in EUR and USD, 2012-2016
Table 4-9: European Union Card Payments Value by Card Type, 2014-2016
Table 4-10: Top 15 European Union Countries by GDP: Population and Card Payment Value Analysis, 2016
Table 4-11: Smaller European Union Countries by GDP: Population and Card Payment Value Analysis, 2016
Table 4-12: Card Payment Value: Top 15 European Union Countries, by Card Type, 2016
Table 4-13: Card Payment Value: Smaller European Union Countries by Card Type, 2016
Regulations shift the playing field
The UK
Table 4-14: United Kingdom: Credit Card and Debit Card Per Capita Payment Value and GDP Analysis, 2012-2016
France
Table 4-15: France: Credit Card and Debit Card Per Capita Payment Value and GDP Analysis, 2012- 2016
LATIN AMERICA
Latin America payment card and commercial card market size
Table 4-16: Latin America Card Payment Value, by Major Network, 2016
Largest economies
Table 4-17: Latin America GDP by Largest Economies, 2016
Brazil
Table 4-18: Brazil: Credit Card and Debit Card Per Capita Payment Value and GDP Analysis, 2012-2016 .. 127
Mexico
Table 4-19: Mexico: Credit Card and Debit Card Per Capita Payment Value and GDP Analysis, 2012- 2016
CHAPTER 5: COMMERCIAL CARD NETWORK OPERATORS
AMERICAN EXPRESS
Business segments
Table 5-1: American Express Business Customer Segmentation by Revenue, 2015 vs. 2016
Value proposition
Challenges and strategies
Hard benefits and soft benefits
Commercial card portfolio
American Express Global Business Travel
Performance trends
Table 5-2: American Express Global Billed Business, by Region, 2015-2016
Table 5-3: American Express: Consumer vs. Commercial Card Billed Business, U.S. and Non-U.S., 2012- 2016
Table 5-4: American Express: Consumer vs. Commercial Card Billed Business Share, U.S. and Non-U.S., 2012-2016
Table 5-5: American Express Global Commercial Services Billed Business by Customer Segment, U.S. and Non-U.S., 2015-2016
Table 5-6: American Express: Commercial Card Billed Business Share, U.S. and Non-U.S. by Segment, 2015-2016
Table 5-7: American Express: Global Network Services Billed Business, U.S. and Non-U.S., 2015-2016
Table 5-8: American Express Non-U.S. Billed Business by Region, 2013-2016
CHINA UNIONPAY
Table 5-9: China UnionPay, Credit Card, Debit Card, and Commercial Card Value, 2012-2016
Maintaining a monopoly
International expansion
Table 5-10: China UnionPay: Internationally Issued Cards, Merchants, ATMs, and Transaction Value, 2012-2016
Growth areas
JCB
Global expansion
MASTERCARD
Commercial payment solutions
Commercial card strategy
Virtual cards and fleet cards
PayPal
Payments innovation: Mastercard B2B Hub
Performance trends
Table 5-11: Mastercard Global Payment Value and Value Share, 2012-2016
Table 5-12: Mastercard Global Payment Value, by Region, 2012-2016
Table 5-13: Mastercard Global and Global Commercial Payment Value, 2012-2016
Table 5-14: Mastercard U.S. Total and Commercial Credit and Debit Payment Value, 2012-2016
Table 5-15: Mastercard Non-U.S. Total and Commercial Credit and Debit Payment Value, 2012-2016
VISA
Commercial payment solutions
In both cases, value-added services
B2B opportunities
Payments innovation: Visa Direct and Visa Ready
Visa Europe acquisition
Table 5-16: Visa Europe Total and Commercial Credit and Debit Payment Value, 2012-2016
Performance trends
Table 5-17: Visa Global Payment Value and Value Share, 2012-2016
Table 5-18: Visa Global Card Payment Value by Region, 2012-2016
Table 5-19: Visa Global and Global Commercial Card Payment Value, 2012-2016
Table 5-20: Visa U.S. Total and Commercial Credit and Debit Payment Value, 2012-2016
Table 5-21: Visa Non-U.S. Total and Commercial Credit and Debit Payment Value, 2012-2016
Table 5-22: Visa Non-U.S. Total and Commercial Credit and Debit Payment Value, Europe Share, 2012-2016
CHAPTER 6: COMMERCIAL CARD BANK ISSUERS
LEADING MARKET PARTICIPANTS
Table 6-1: U.S. Consumer, Small Business, and Non-Small Business Commercial Credit Card Payment
Value, Leading Five Bank Issuers, 2015-2016
BANK OF AMERICA
Commercial card spend estimate
Commercial payments solutions
CITIBANK
International commercial card scope
Top U.S. commercial card issuer
Product innovation
International scope shifts
JPMORGAN CHASE
Commercial credit card spend estimate
Corporate & Investment Bank
Commercial Banking
Business banking
U.S. BANK
Commercial credit card spend estimate
North America and European reach
Commercial payments solutions
CHAPTER 7: OTHER MARKET PARTICIPANTS
CORPORATE TRAVEL PLAYERS
Universal Air Travel Plan
AirPlus International
Table 7-1: AirPlus Credit Card Payment Value, 2012-2016
FLEET CARD PLAYERS
Market size
Table 7-2: U.S. Fleet Card Payment Value Growth Scenario, 2012-2016
Table 7-3: WEX and FleetCor U.S. Fleet Card Payment Value, 2015-2016
WEX INC.
Fleet payment solutions
Travel and corporate cards
Health and employee benefit solutions
Performance trends
Table 7-4: WEX Inc. Fleet Card and Travel and Corporate Solutions Payment Value, 2012-2016
Table 7-5: WEX Inc. Fleet Payment Processing and Transaction Processing Metrics, 2012-2016
Table 7-6: WEX Inc. Travel and Corporate Solutions Payment Value, 2012-2016
FLEETCOR TECHNOLOGIES, INC.
Fleet payment solutions
Corporate cards
Performance trends
Table 7-7: FleetCor Universal Mastercard and Corporate Payments Payment Value, 2015-2016
Table 7-8: FleetCor Revenue and Per-Transaction Revenue by Product, 2015-2016
GOVERNMENT
Credit card programs
Prepaid card programs
CHAPTER 8: U.S. COMMERCIAL CARD USAGE TRENDS
BUSINESS CREDIT CARD USAGE
Business credit card usage over time
Table 8-1: Employed Adults 18+ Who Have a Business Credit Card, 2014-2017
Table 8-2: Employed Adults 18+ Who Have a Business Credit Card by Card Brand, 2014-2017
Business card usage by company employment size
Table 8-3: Employed Adults 18+ Who Have a Business Credit Card by Company Employment Size, 2017
Business card usage by Fortune 500 status
Table 8-4: Fortune 500 Employees Who Have a Business Credit Card by Card Brand, 2017
Business card penetration by occupation
Table 8-5: All Adults and Business Credit Card Users by Occupation, 2017
BUSINESS PURCHASERS
Table 8-6: Business Purchasing Decision Makers by Type of Decision Involvement, 2017
Table 8-7: Business Credit Card Use: Employees Making Business Purchasing Decision by Type of Decision Involvement, 2017
APPENDIX
METHODOLOGY
Consumer survey methodology
Market size and forecast methodology
Payment value metrics
ABBREVIATIONS AND DEFINITIONS
Table Appendix-1: Report Abbreviations, 2017

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