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Commercialcards account for only a portion of corporates’ overall spend, as checks stick around and ACH gains ground. However, their market share is on the rise as cardissuers develop more robust rewards programs, and the ability to integrate card spend into back-office spend management and analytics platforms.
Bank is offering a new service to corporate card managers in need over overseeing company cards around the world. Bank has launched a single platform through which commercialcard managers can manage card programs regardless of where those cards are. Bank issued the corporate card.
The company announced Tuesday (May 30) that it is enabling tokenization across its North American commercialcard program, allowing businesses to let their own cardholders pay with a mobile device. To do this across all of our U.S. According to TSYS , U.S.
As B2B FinTechs explore the value of the commercialcard, they’re integrating card payment capabilities across more scenarios, from vendor payments to employee expense management. BofA Expands Contactless Biz CardService. Apple Pay Lands More CommercialCards. its current cardissuer.
Busey Bank is giving up its Agent Bank program in favor of CorServ’s Account Issuer Program , in which Busey Bank will directly issue credit cards. CorServ has been offering card issuing services since it launched in 2009. CorServ has been offering card issuing services since it launched in 2009.
The commercialcard space is anything but straightforward. For one, payments innovation has created an explosion in the types of cards businesses can use, from fleet cards to one-time-use virtual cards. “There is substantial untapped potential, given the size of the market. . ”
This collaboration will help deliver a more seamless, modern, and multi-channel credit cardservice experience, and will begin with a rollout to more than two million customers of a large strategic card partnership programme.
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