Commercial Payment Cards - Market Research, Industry Trends, Market Share, Consumer Insights


Published: 12/05/2019
Pages: 147
Full Study Price: US$ 4,750

This Packaged Facts report presents data and analysis on the global and U.S. market for commercial payment solutions. While cards are emphasized in market sizing, the report also includes significant analysis related to ACH and accounts payable automation.

2019 global payment value is estimated at $235 trillion, up $10 trillion in two years (Mastercard Investment Community Meeting, September 2019). The largest portion—some $125 trillion—comes from commercial (business and government) expenditures, which measures B2B payments. Another $50 trillion is contributed by PCE, a measure of household spending. The remaining $60 trillion is derived from person-to-person payments and business/government-to-person payments.

Packaged Facts forecasts global card payment value to reach $45.8 trillion in 2022, which translates to 12.5% average annual growth from 2018 to 2022. Commercial card payment value is expected to grow at a higher average annual rate (13.3%) than consumer card payment value (12.4%). Commercial card payment value is also expected to outstrip consumer card payment value in the U.S. and internationally during the period.

Packaged Facts estimates total 2019 “network operator” ACH payment value at $56.36 trillion, generated by 24.7 billion transactions. This represents respective average annual growth of 6.2% and 5.7% since 2012. During 2012-2019, commercial ACH value and volume rose at faster rates than overall value and volume. Estimated 2019 commercial ACH value of $37.8 trillion comprises 27% of total ACH value, while commercial volume comprises 16.1% of the total.

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Table Of Contents

  • Executive Summary
    • Report Scope
    • Executive Summary
      • Market Size and Forecast
      • Commercial Card Network Operators: American Express
      • China UnionPay
      • JCB
      • Mastercard
      • Visa
      • Specialty B2B Players
      • U.S. Commercial Card Usage Trends
  • Market Size and Forecast
    • Global Payments Opportunity
      • Global Payment Value Reaches $235 trillion
        • Table Global Payment Market Size, by Payment Flow, 2017 vs. 2019 ($tril)
      • Cash and Check Still a Significant Factor
        • Table Global Payment Market Size: Payment Flow by Payment Method, 2019 ($tril)
      • B2B Payments Contribute 56% of Cash and Check Payment Value
        • Table Global Payment Market Size: Payment Method by Payment Flow, 2019 ($tril)
    • Global Commercial Card Market Size and Forecast
      • Market Size Scope
      • Global Consumer and Commercial Payment Card Market Size
        • Table Global, U.S., and Non-U.S. Consumer and Commercial Payment Card Payment Value, 2014-2018 ($bil)
        • Table Global, U.S., and Non-U.S. Consumer and Commercial Payment Card Payment Value Share, 2014-2018 ($bil)
      • Global Consumer and Commercial Payment Card Forecast
        • Table Global, U.S., and Non-U.S. Consumer and Commercial Payment Card Payment Value, 2018-2022 ($bil)
        • Table Global, U.S., and Non-U.S. Consumer and Commercial Payment Card Payment Value Share, 2018-2022 ($bil)
      • Global Payment Card Payment Value by Network
        • Table Global Payment Card and Commercial Payment Card Payment Value, by Network, 2014-2018 ($bil)
        • Table Global Payment Card and Commercial Payment Card Payment Value Share, by Network, 2014-2018 ($bil)
      • Global Consumer and Commercial Credit and Debit Card Payment Value
        • Table Global, U.S. and Non-U.S. Consumer and Commercial Credit and Debit Card Payment Value, 2014-2018 ($bil)
    • U.S. Payments Opportunity
      • Table U.S. Payment Market Size: Payment Flow by Payment Method, 2019 ($tril)
    • U.S. B2B Payments Market Size and Forecast
      • Table U.S. B2B Expenditures, by Major Input, 2014-2021 ($tril)
    • U.S. Commercial Card Market Size
      • U.S. Payment Card Payment Value Trends by Network
        • Table U.S. Payment Card and Commercial Payment Card Payment Value, by Network, 2014-2018 ($bil)
        • Table U.S. Payment Card Networks: Payment Card and Commercial Payment Card Value, 2014-2018 ($bil)
      • Commercial Credit Cards vs. Commercial Debit Cards
        • Table U.S. Commercial Card Payment Value: Debit Card vs. Credit Card, 2014-2018 ($bil)
      • Commercial Credit Cards, by Network
        • Table U.S. Commercial Credit Card Payment Value, by Network, 2014-2018 ($bil)
      • Commercial Debit Cards, by Network
        • Table U.S. Commercial Debit Card Payment Value, by Network, 2014-2018 ($bil)
    • U.S. ACH Commercial Payment Market Size
      • Table U.S. ACH Payments Value and Volume, 2012-2019
      • Commercial ACH Payments Value and Volume: 2012-2019
        • Table U.S. ACH Payments: Total and B2B Value and Volume, 2012-2019
      • Same-Day ACH
        • Table U.S. Same-Day ACH Payments Volume, 2017-2019 (mil)
        • Table U.S. Same-Day B2B ACH Payments Value and Volume, First Nine Months of 2018 vs. 2019
    • U.S. Commercial Check Usage Trends
    • Non-U.S. Commercial Card Market Size
      • Non-U.S. Payment Card Payment Value Trends
        • Table Non-U.S. Payment Card and Commercial Payment Card Payment Value, by Network, 2014-2018 ($bil)
        • Table Non-U.S. Payment Card Networks: Payment Card and Commercial Payment Card Value, 2014-2018 ($bil)
      • Non-U.S. Commercial Credit Cards vs. Debit Cards
        • Table Non-U.S. Commercial Card Payment Value: Debit Card vs. Credit Card, 2014-2018 ($bil)
      • Commercial Credit Cards, by Network
        • Table Non-U.S. Commercial Credit Card Payment Value, by Network, 2014-2018 ($bil)
      • Commercial Debit Cards, by Network
        • Table Non-U.S. Commercial Debit Card Payment Value by Network, Visa vs. Mastercard, 2014-2018 ($bil)
    • Non-U.S. Commercial Card Market Size: Market by Market
      • Table Canada Total and Commercial Card Payment Value, by Network, 2016-2018
    • Mexico
      • Table Mexico Credit and Debit Card Payment Value, 2016-2018 ($bil)
      • Table Mexico Total and Commercial Credit Card Payment Value, by Network, 2016-2018 ($bil)
  • Trends and Opportunities
    • Cross-Border Payment Network Innovation
      • The Old Guard: SWIFT
      • The Upstart: Ripple
    • The Future of B2B Retailer Payments Is Here
      • Extended Terms
      • Amazon Business Prime American Express Card
      • Line-Item Detail on Commercial Cards
      • Data Analytics
  • Commercial Card Network Operators
    • American Express
      • Overview
        • Table American Express Business Customer Segmentation, 2015 vs. 2016-2018
      • American Express Commercial Payments Value Proposition
      • SME Strategy
        • Table American Express Non-U.S. SME Billed Business, by Country, 2016-2018 ($bil)
      • Large/Global Business Strategy
      • Other B2B Solutions
      • American Express Global Business Travel
      • Performance Trends
        • Table American Express Global Billed Business, by Region, 2015-2018 ($bil)
        • Table American Express Top International Markets: Total and SME Billed Business, 2018 ($bil)
        • Table American Express: Consumer vs. Commercial Card Billed Business, U.S. and Non-U.S., 2014-2018 ($bil)
      • Billed Business by Customer Segment
        • Table American Express U.S. and Non-U.S. Commercial Card Billed Business: OPEN Small Business vs. Other, 2014-2018 ($bil)
        • Table American Express U.S. and Non-U.S. Commercial Card Billed Business: Small Business. Middle Market, and Global/Large, 2015-2018 ($bil)
      • Credit Card Loan and Charge Card Receivables Analysis
        • Table American Express U.S. and Non-U.S. Corporate Card Member Receivables, 2015-2018 ($bil)
        • Table American Express U.S. and Non-U.S. Consumer, Small Business, and Corporate Card Member Receivables, 2015-2018 ($bil)
        • Table American Express U.S. and Non-U.S. Consumer and Small Business Card Member Loans, 2015-2018 ($bil)
    • China UnionPay
      • Still a Monopoly, But Change (Might Be) Coming
      • Digital-Forward Moves
      • International Growth Strategies
      • Business Cards
      • B2B Cross-Border Commerce
      • International Expansion
      • Performance Trends
        • Table China UnionPay, Credit Card, Debit Card and Commercial Value, 2014-2018
        • Table China UnionPay Total and Commercial Domestic Card Payment Value: Debit Card vs. Credit Card, 2014-2018 ($bil)
      • International Payment Value
        • Table China UnionPay: International Cards, Merchants, ATMs and Transaction Value, 2014-2018
    • JCB
      • International Growth Initiatives
      • Performance Trends
        • Table JCB Payment Value in USD and Yen, Card Members, and Merchant Locations, 2015-2019
        • Table JCB Payment Value and Commercial Card Payment Value, 2015-2019
    • Mastercard
      • Commercial Payment Solutions
      • Growing a Diverse Suite of Multi-Rail Product Solutions
        • Table Mastercard Multi-Layered Payments Approach, 2019
        • Table Mastercard Product Solutions, by Type and Payment Flow, 2019
      • The Backbone: Commercial Cards
      • The New Mainstay: Data and Security Solutions
      • Real-time ACH
      • Mastercard Send
      • Mastercard Bill Pay Exchange
      • Masterpass QR
      • Mastercard B2B Hub
      • Mastercard Track
      • Performance Trends
        • Table Mastercard Global Payment Value and Value Share, 2014-2018 ($bil)
      • Geographical Reach
        • Table Mastercard Global Payment Value, by Region, 2014-2018 ($bil)
      • Commercial Card Payment Value Trends
        • Table Mastercard Global and Global Commercial Payment Value, 2014-2018 ($bil)
        • Table Mastercard U.S. Total and Commercial Credit and Debit Payment Value, 2014-2018 ($bil)
        • Table Mastercard Non-U.S. Total and Commercial Credit and Debit Payment Value, 2014-2018 ($bil)
    • Visa
      • Commercial Payment Solutions
      • B2B Opportunities
      • Visa Direct
      • Earthport
      • Visa B2B Connect
      • Performance Trends
        • Table Visa Global Payment Value and Value Share, 2014-2018 ($bil)
        • Table Visa Global Payment Value, by Region, 2014-2018 ($bil)
        • Table Visa Global and Global Commercial Payment Value, 2014-2018 ($bil)
        • Table Visa U.S. Total and Commercial Credit and Debit Payment Value, 2014-2018 ($bil)
        • Table Visa Non-U.S. Total and Commercial Credit and Debit Payment Value, 2014-2018 ($bil)
        • Table Visa Non-U.S. Total and Commercial Credit and Debit Payment Value, Europe Share, 2014-2018 ($bil)
      • Co-Badging Impact
        • Table Visa Europe Commercial Credit and Debit Payment Value and Non-Co-Badged Payment Value, 2014-2018 ($bil)
  • Specialty B2B Players
    • WEX Inc.
      • WEX Fleet Solutions
        • Table WEX Inc. Fleet Solutions Vehicles Serviced, by Marketing Channel, 2014-2018
      • Performance Trends
        • Table WEX Inc. Fleet Solutions: Fuel Transaction and Revenue Segmentation, 2014-2018
        • Table WEX Inc. Fleet Solutions: Payment Processing Revenue, Fuel Spend, and Gas Pricing, 2014-2018
        • Table WEX Inc. Fleet Solutions Issuer Payment Value, 2014-2018
      • WEX Travel and Corporate
      • Performance Trends
        • Table WEX Inc. Travel and Corporate Payments Payment Value, 2014-2019 ($bil)
    • FLEETCOR Technologies, Inc.
      • Fleet Payment Solutions
      • Corporate Payments
      • Branching Out
      • Performance Trends
        • Table FLEETCOR Fuel Card and Corporate Payment Revenue and Per-Transaction Revenue, 2016-2018
        • Table FLEETCOR Universal Mastercard and Corporate Payments Payment Value, 2015-2018 ($bil)
  • U.S. Commercial Card Usage Trends
    • Business Credit Card Usage
      • Business Credit Card Usage Over Time
        • Table Percentage of Full-Time Employed Adults 18+ Who Have a Business Credit Card, 2015-2019
        • Table Percentage of Full-Time Employed Adults 18+ Who Have a Business Credit Card, by Card Brand, 2015-2019
      • Employee Business Card Usage by Company Size
        • Table Percent of Employed Adults 18+ Who Have a Business Credit Card, by Company Employment Size, 2015 vs. 2019
      • Employee Business Card Usage by Fortune 500 Status
        • Table Percent of Fortune 500 Employees Who Have a Business Credit Card, by Card Brand, 2015 vs. 2019
    • Business Purchasers
      • Table Business Purchasing Decision Makers, by Type of Decision Involvement, 2019
      • Table Business Credit Card Use: Employees Making Business Purchasing Decision, by Type of Decision Involvement, 2019
      • Table Business Credit Card Use: Employees Making Business Purchasing Decision, by Annual Purchase Value, 2019
  • Appendix
    • Methodology
      • Payment Value Metrics
    • Abbreviations and Definitions
      • Table Report Abbreviations, 2017
      • Definitions