US leads global commercial card market: report
Payments Dive
MAY 8, 2024
accounted for 58% of global commercial card spend last year, but also for 78% of total value lost to card fraud, according to a report by Euromonitor International.
Commercial Card Related Topics 
Lloyds Bank names Linda Weston head, commercial cards
Finextra
APRIL 15, 2024
Lloyds Bank Appoints New Head, Linda Weston, as Head of Commercial Cards. Starting in June, Linda will be based in London and report into Chris Loring, Managing Director, Lending & Working Capital.
Marqeta Partners with OakNorth to Offer Commercial Cards in the UK
The Nilson Report
MAY 2, 2024
The post Marqeta Partners with OakNorth to Offer Commercial Cards in the UK appeared first on Nilson Report.
Visa, Mastercard to Stop Commercial Card Payments via Fintech Intermediaries in India
Fintech News
FEBRUARY 14, 2024
Featured image credit: Edited from Freepik The post Visa, Mastercard to Stop Commercial Card Payments via Fintech Intermediaries in India appeared first on Fintech Singapore. Similarly, the RBI has not provided comments in response to inquiries about this development.
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The Commercial Card Embraces A Season Of (Major) Change
PYMNTS
SEPTEMBER 7, 2020
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. Winter Blues. Spring’s SMB Support. Spring began in dramatic fashion.
The Economic – And Ergonomic – Value Of Commercial Card Optimization
PYMNTS
JULY 2, 2020
Leavitt , founder and CEO of Boost Payment Solutions , said commercial card programs are now coming to the forefront of AP departments’ priority lists when delaying payments is no longer the most viable, or effective, cash management option. Optimizing Card Spend. “We’re seeing a lot more of that mentality.”
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IndusInd Bank launches Virtual Commercial Card
The Paypers
SEPTEMBER 15, 2023
India-based IndusInd Bank has launched Virtual Commercial Card, a credit card that aims to redefine cross-border transactions.
Why Corporates Are Rethinking The Commercial Card For Payment
PYMNTS
APRIL 9, 2020
For digital laggards, the coronavirus pandemic will serve as a harsh wake-up call regarding the importance of digitization and automation, with commercial cards uniquely positioned to address many of the pain points companies face today in these unprecedented times. A Surge In Commercial Card Interest.
Marqeta and Torpago Partner to Launch Sunwest Bank’s Commercial Card Program
Finovate
JANUARY 29, 2024
Photo by Tiger Lily The post Marqeta and Torpago Partner to Launch Sunwest Bank’s Commercial Card Program appeared first on Finovate. Headquartered in Sandy, Utah, Sunwest and has offices in California, Arizona, Idaho, Utah, and Florida.
Turning Commercial Card Credit Lines Into SMB Cash Flow Lifelines
PYMNTS
JULY 10, 2020
Although commercial card products can offer working capital benefits on both ends of the B2B transaction, adoption lags behind other digital payment methods in accounts payable (AP) departments. And with the pandemic all but wiping out business trips, the commercial card could be at a crossroads.
Boost Partners With Visa To Enhance Commercial Card Use
PYMNTS
OCTOBER 1, 2020
Boost Payment Solutions , which works in optimizing payment cards, is partnering with Visa to give commercial card issuers, cardholders and suppliers more automation and flexibility in their experiences, according to a press release.
Mastercard, EnKash Team To Expand Commercial Card Use In India
PYMNTS
DECEMBER 16, 2020
EnKash , a digital platform and payment solution provider, has entered into an alliance with Mastercard to expand the usage and acceptance of commercial cards in India and provide a B2B digital payment automation platform, according to a press release. Suppliers will have improved cash flows.
Commercial Cards Gear Up For Corporate Travel’s Return
PYMNTS
JUNE 17, 2020
At least, that’s what commercial card technology players believe, with this week’s rundown of the latest initiatives in corporate card solutions placing a focus on returning business trip volume. The card is compatible with Apple Pay and other wallets as well, reports in Verdict.co.uk
In 2019, Mobilize The Commercial Card: JPMorgan
PYMNTS
JANUARY 2, 2019
While commercial card innovation certainly accelerated in 2018, progress can always continue. Morgan Managing Director and Head of Commercial Card Product Management Naney Pandit says should be a focus this year is in mobilizing the corporate card. One area of development that J.P. Following The Consumer Trend.
CardUp Introduces Commercial Card Solution In Asia
PYMNTS
DECEMBER 21, 2020
Consumers around the world have become intimately familiar with the “card-not-present” method of payment. Now businesses in Asia have an option to embrace “card not needed” as the pandemic continues to accelerate business models. That option, which extends to commercial cards , is being presented by Singapore-based CardUp.
Commercial Card Innovation Puts SMBs In The Spotlight
PYMNTS
OCTOBER 7, 2020
Smaller companies were the focus of innovation in the commercial card space this week thanks to new cards designed for small and medium-sized businesses (SMBs). American Express, Amazon Rollout Card For UK SMBs.
How SMBs Rethink Commercial Card Versatility
PYMNTS
JULY 9, 2020
With commercial credit cards historically viewed as a payment vehicle for businesses to make one-off purchases for the office or while on a business trip, the small business credit card has yet to catch up to adoption volumes seen by other payment methods like direct bank transfers in the B2B payments space.
Commercial Cards: It’s All About The Data
PYMNTS
FEBRUARY 4, 2020
Leavitt, founder and CEO of Boost Payment Solutions , this is among the largest priorities for today’s accounts receivable departments, and commercial cards are stepping up to meet that demand. The drive for payment information is a key factor behind suppliers’ gradual path toward commercial card acceptance.
Citi Commercial Cards Implements AI Call Center Solution
PYMNTS
FEBRUARY 3, 2020
Citi Commercial Cards is introducing an intelligent virtual agent (IVA) capability at its U.S. The IVA is an example of the technology investment strategy being employed by Citi Commercial Cards to enhance its digital services. Citi’s Commercial Card cardholders can use their own words and speak in their own voices.
Plastiq Talks Commercial Cards, ePayment Trends
PYMNTS
NOVEMBER 26, 2018
Adoption of commercial cards in B2B payments has emerged as one of the hottest industry topics of the year thanks to new FinTech innovations and industry leaders like Visa and Mastercard making a push further into the market. These are optimistic observations for an industry where commercial cards have struggled to get off the ground.
Mastercard, Network International To Introduce Commercial Cards In Middle East, Africa
PYMNTS
NOVEMBER 18, 2020
The suite of Mastercard payment solutions aims to enable businesses to save time, reduce costs and manage business expenses in more streamlined ways, with corporate clients able to further access Mastercard's In Control for Commercial Payments , a platform that helps companies add end-to-end virtual payments for an enhanced user experience.
India Unwraps Its Commercial Card Opportunity
PYMNTS
MARCH 13, 2020
Yet in only the last few months — and even weeks — India’s FinTech startup community has seen a proliferation of commercial card innovation. It’s an interesting phenomenon, especially considering the path to corporate card adoption elsewhere. “All of these expenses require a credit card,” he said.
Commercial Cards Find Opportunity In Transparency, Lower Fees
PYMNTS
JANUARY 8, 2020
There is more than one way to drive commercial card innovation. For vendors, commercial card acceptance can be a matter of wielding technology to lower interchange costs. For vendors, commercial card acceptance can be a matter of wielding technology to lower interchange costs. A Focus On Transparency.
Closing The Bank/Middle Market Commercial Card Gap
PYMNTS
DECEMBER 30, 2019
Yet, according to Kris Carrera, general manager and business line executive of Credit Payments at FIS , the middle market is often underserved — particularly when it comes to commercial card products. Once that occurs, they continue to face obstacles in understanding exactly what drives commercial card adoption for this customer base.
UK Retailers Press For Commercial Card Interchange Fee Caps
PYMNTS
FEBRUARY 27, 2019
Supreme Court ruling in favor of the card networks during a case in 2017, and with Australia in the midst of pondering either swipe fee limits or an outright ban. However, missing from much of this regulatory debate is the issue of interchange fees on commercial cards. ” The Commercial Card Debate.
The Commercial Card Seeks Value For Both Buyer, Supplier
PYMNTS
JULY 21, 2020
With accounts payable (AP) solutions increasingly paying attention to supplier needs, commercial card technologies have expanded their focus on both the AP and accounts receivable (AR) side of B2B transactions. OnPay Talks V-Card Adoption. Boost Enables STP For Corporate Cards.
Spend Controls Fuel Commercial Card Innovation
PYMNTS
OCTOBER 21, 2020
Spend controls were the focus of innovation in the commercial card space this week thanks to feature and program launches. This week’s commercial card innovation tracker includes a rollout of the next generation of authorization controls from Comdata Inc., Mastercard Adds B2B Payment Functionality With Commercial Cards.
Combating Commercial Cards’ Need For The Personal Guarantee
PYMNTS
FEBRUARY 20, 2020
It’s an area of business spend friction that is driving a newfound resurgence in commercial card innovation that the card industry hasn’t seen in decades, with FinTech firms stepping in to take advantage of card transaction data. ” The Biggest Culprits Of Waste. Nixing The Personal Guarantee.
The Competitive Advantage Of Commercial Card Acceptance
PYMNTS
JUNE 20, 2019
Commercial cards 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 card issuers develop more robust rewards programs, and the ability to integrate card spend into back-office spend management and analytics platforms.
Curve Hit With Criticism Over Commercial Cards For Self-Employed
PYMNTS
DECEMBER 12, 2019
According to reports, customers are voicing complaints that Curve was not transparent enough when sending cards to users. The publication pointed to Curve’s online community message board, in which users are reporting they were unknowingly sent a business credit card while expecting a consumer card. “I
Enticing Suppliers, Buyers To Embrace The Commercial Card
PYMNTS
JANUARY 22, 2020
Commercial cards remain only a fraction of the B2B payments space, but FinTech firms, banks and other financial service providers continue to develop new solutions aimed at boosting adoption. For companies like SmartEquip and Unified Payments Group , that means introducing new ways to lift the burden of suppliers accepting cards.
Commercial Cards A Money Laundering Trap
PYMNTS
SEPTEMBER 14, 2016
13) highlighted a recent trend by organized criminals: the use of commercial cards to launder money across borders. These so-called “transnational organized crime” groups recognize B2B payments via credit card as a potential way to skirt detection from regulators. Reports by InSight Crime on Tuesday (Sept.
Santander partners Global Payments for a new commercial card offering
The Paypers
JANUARY 5, 2023
Santander Bank has partnered Global Payments to launch a new commercial card in order to simplify the banking experience of clients in the US.
EedenBull Introduces Commercial Cards To Help Struggling Banks
PYMNTS
MAY 13, 2020
EedenBull , a Norwegian FinTech, has rolled out its new commercial card platform to banks to take advantage of better B2B payment capabilities, according to a press release.
Certify/Chrome River Acquires Commercial Card Startup Emburse
PYMNTS
JULY 30, 2019
A press release Monday (July 29) said Certify/ChromeRiver have reached a deal to acquire Emburse , a startup that provides virtual and physical commercial cards to manage employee spend as well as vendor payments.
M&A, Open Banking Drive Commercial Card Innovation
PYMNTS
MARCH 25, 2020
As commercial card innovation expands, service providers continue to target particular pain points for their business cardholders. Together, the companies are rolling out an offering that arms SMBs with commercial cards without the need for a personal guarantee, according to a press release.
Boost Payment Solutions and Mastercard expand commercial cards acceptance
The Paypers
NOVEMBER 4, 2021
US-based fintech Boost Payment Solutions has partnered with Mastercard to create tailored and scalable strategies for the expansion of commercial card products.
HSBC Adds More Currencies For EU Commercial Cards
PYMNTS
AUGUST 9, 2019
HSBC has added six foreign currencies supported by its commercial card products in Europe in support of corporates operating across borders in the region. We now offer a full range of commercial card products to clients across 26 countries in Europe and 43 countries globally, with the same core capabilities in each market.
Banks Missing Commercial Card Opportunity
PYMNTS
MAY 17, 2017
Commercial cards are tricky. While they may be instrumental in helping companies manage cash when their employees travel for work, commercial cards aren’t the top payment rail of choice for suppliers, so companies often pay invoices another way. Their use is hardly ubiquitous across categories of B2B payments.
Today In B2B: Wells Debuts Virtual Commercial Cards, PayPal Ventures Makes B2B Payments Investment
PYMNTS
NOVEMBER 20, 2020
19) announced in a press release that it is adding a new solution to its WellsOne Virtual Commercial Card , enabling business customers to digitally pay invoices to suppliers and others. Each card payment is then assigned a virtual number tied to a commercial card account. PayPal Ventures Invests $11.9M
Mastercard Survey Links Commercial Cards To Savings
PYMNTS
MAY 18, 2018
A new report from Mastercard links use of commercial cards to cost savings for businesses, according to reports in Verdict. Use of a commercial card program to manage employee travel expenses, however, reduces these operational costs and is linked to add-on benefits like travel insurance and rewards.
BofA Merrill Lynch creates 'Assistant' to streamline commercial card tools
Payments Source
NOVEMBER 15, 2017
Bank of America Merrill Lynch is centralizing information and updates for global commercial card administrators within an online tool called Card Assistant.
Are you making the most of your commercial card rebates and rewards?
Payments Dive
JANUARY 8, 2024
From rebates to rewards, CFOs can maximize cash flow by making every dollar work for them.
Cashplus Hires Amex Commercial Card Risk Exec
PYMNTS
SEPTEMBER 19, 2019
challenger FinTech Cashplus has hired a commercial card risk expert from American Express, reports this week said. Commercial Cards and Payments and before working at Amex, Duseja held a position at Accenture. According to reports Wednesday (Sept. He comes from American Express as its head of credit risk for U.K.
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