Innovation in Commercial Cards: New Strategies for a Digital Era
Report Summary
Innovation in Commercial Cards: New Strategies for a Digital Era
The commercial cards market is rapidly becoming one of the most dynamic corners of the payments landscape.
Boston, October 30, 2018 – While commercial cards are among the most long-established tools in the cards space, this market has not seen this level of opportunity in several years. This renewal of opportunity is underpinned by the broader shifts now occurring across the economic landscape as growing numbers of firms focus on their own digital transformation to meet clients’ changing needs, and commercial cards are poised to satisfy both buyers and sellers’ need for data-centric and flexible payment solutions.
This report provides a snapshot of the current state of the commercial cards market and an overview of some of the key strategic considerations impacting its development. It is based on a combination of primary and secondary research sources, including qualitative interviews with North American issuers and commercial card service and technology vendors, and an Aite Group survey of 18 senior executives within commercial-cards-issuing organizations in Q2 and Q3 2018.
This 24-page Impact Note contains seven figures and two tables. Clients of Aite Group’s Wholesale Banking & Payments service can download this report, the corresponding charts, and the Executive Impact Deck.
This report mentions ACI, American Express, Bank of America, Billtrust, Boost B2B, Bora Payment Systems, Bottomline Technologies, Capital One, Citibank, Comdata, Diners Club, First Data, FIS, Fiserv, Fraedom, JP Morgan Chase, Mastercard, Microsoft, MineralTree, Oracle, PNC, SAP, Sap Ariba, Tsys, U.S. Bank, Visa, Vocalink, Wells Fargo, and Wex.