Commercial cards RSS
A new report has found that the annual value of virtual cards (temporary card numbers only available for a single transaction or limited time) used by businesses will grow 90% over... more
The post Commercial Virtual Card payments to exceed $1 trillion by 2022 appeared first on Payments Cards & Mobile.
Commercial cards represent just 4% of all payment cards in Europe according to Commercial Cards in Europe 2015. The sector has significant scope for expansion as many businesses do not currently use commercial cards. Furthermore, the interchange fee caps that came into force in the EU for consumer cards in December 2015 do not apply to commercial [...]
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Commercial cards, consisting of Business, Corporate, Purchasing and fuel cards, benefit businesses by controlling expenditure and reducing cash handling costs. Nevertheless, according to a new study Commercial Cards in Europe 2015, in many countries the sector is still not well established, and represents a major, unexploited opportunity for banks. Looking ahead, the issuance of commercial cards [...]
The post Will the interchange cap on consumer cards boost commercial cards? appeared first on Payments Cards & Mobile.