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In B2B payments, the commercial card has experienced a dramatic spike in adoption this year as organizations accelerated their digital transformations and, unable to physically enter the office, began to rely on electronic payments to conduct their business. to allow the challenger bank to become a commercial cardissuer.
But in the midst of the coronavirus crisis, the corporate card seemed to unlock more value for businesses large and small. Amid shutdowns and travel restrictions, a dramatic decline in business trips had some in the industry wondering what the future of card spend would look like. It may not have been entirely expected, either.
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