PYMNTS

NOVEMBER 30, 2018

Expense management company DiviPay is rolling out what it says is Australia’s first Mastercard virtual commercial card for corporate payers, and the first solution in the country that combines payments with expense management automation.

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PYMNTS

DECEMBER 21, 2020

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. Ramsay said she believes commercial cards have been underused in Asia.

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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.

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Cardfellow

APRIL 20, 2025

Mastercard uses many different interchange categories to determine the rates and fees your business pays for accepting credit cards. There are 5 different business card rates, depending on the program level. Both categories refer to how much transaction information is submitted when you run the card. 2.85% + $0.10

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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.

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Finovate

JUNE 20, 2024

The bank has tapped corporate-card-as-a-service provider Pliant for technology that will offer its small-to-medium-sized business clients a corporate credit card solution. Commerzbank’s business customers will be able to digitally manage both physical and virtual credit cards and employee-issued credit cards.

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PYMNTS

JUNE 26, 2018

American Express (Amex) and Amazon have teamed up to release a new commercial card product designed for small businesses (SMBs) buying on the Amazon platform. Announced today (Tuesday, June 26), the co-branded card for SMBs in the U.S. Amazon and Chase have an existing relationship to offer consumer card solutions.

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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.

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PYMNTS

FEBRUARY 26, 2020

As more financial service providers explore how to capitalize on corporates’ growing adoption of commercial cards, firms are looking at the card as a way to round out their products and services with a more holistic offering. Below, PYMNTS takes a look at the latest in commercial card innovation.

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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.

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PYMNTS

DECEMBER 17, 2020

Commercial card adoption is on the rise as B2B buyers embrace the opportunity to take advantage of working capital float and even open up new revenue streams through rewards programs. Overcoming the Anti-Card Bias. This creates an "immediate bias against cards," Leavitt said, but one that isn't necessarily rooted in reality.

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PYMNTS

DECEMBER 12, 2019

Customers who sign up for Curve and select “self-employed” are reportedly given commercial cards without specific clarity or notification provided about why they are given a commercial card, and how it differs from a consumer card. percent on every transaction made with a commercial card, compared to the 0.2

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PYMNTS

DECEMBER 22, 2020

Rome has gone a step further and is offering a 1,500 euro prize for the first 100,000 people who make the largest number of card purchases within the first six months of 2021, Reuters added. At the same time, commercial credit cards’ cash advances dropped 14 percent last year. suggests businesses could be following suit.

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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. In the credit card arena, rewards are king, Carrera said. Lacking the Right Product. Meeting Middle-Market Needs.

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Payments Source

DECEMBER 6, 2020

Banks trudging along slowly with digital advancements are getting a push from virtual card technology providers touting the concept of mass distribution for commercial card issuers.

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Cardfellow

MARCH 30, 2025

How to Lower Credit Card Processing Costs Commercial credit card transactions have different rules as well as different rates and fees. Its easy to miss qualifying for a lower-cost interchange category if you are not optimizing your commercial card acceptance. Give it a try at www.cardfellow.com !

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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.

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The Paypers

SEPTEMBER 15, 2023

India-based IndusInd Bank has launched Virtual Commercial Card, a credit card that aims to redefine cross-border transactions.

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The Fintech Times

JANUARY 28, 2025

This fee makes up the largest part of the Merchant Service Charge, which the merchants bank will charge the merchant in return for the right to accept card payment. “This claim enables justice for years of being squeezed by these global card schemes. per cent on consumer credit transactions, and 0.3

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Fintech Finance

OCTOBER 2, 2024

Cardlay , a pioneering Danish fintech company, and Visa , a global leader in digital payments, are excited to announce a collaboration aimed at setting new standards for fast and efficient spend management for commercial cards issuers and their clients. Paving the way for a more seamless inclusive financial ecosystem.

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PYMNTS

JANUARY 20, 2020

Though adoption is on the rise , commercial cards still hold only a fraction of the corporate payments market — and an even smaller share of transaction volumes in accounts payable (AP). does allow, in many cases, for companies to add a surcharge to transactions when accepting commercial card payments.

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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.

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Finovate

JANUARY 29, 2024

Torpago and Marqeta will power Sunwest Bank’s Sunwest Visionary Card. The new commercial credit card and expense management solution will leverage Marqeta’s modern card issuing API, as well as Torpago’s white-labeled card program solution, Powered By.

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PYMNTS

MAY 6, 2019

As European Union (EU) authorities continue to combat interchange fees charged by credit card companies Visa and Mastercard , some are now calling on such regulatory action to apply to corporate and commercial cards as well. “But we must not sit back. Earlier this year, the EC issued a $648.3 ” . ”

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PYMNTS

NOVEMBER 8, 2018

PNC Bank’s Treasury Management unit is testing a new solution to address card-not-present (CNP) fraud for commercial clients. 7) that it is piloting Dynamic CVV2 technology for commercial card customers. The company said in a press release Wednesday (Nov. “Almost all U.S. ”

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PYMNTS

JUNE 21, 2019

Southwest Airlines is introducing a credit card for small business owners aimed at enhanced travel rewards. The new card follows the rollout of a premium rewards consumer credit card solution from Southwest and Chase last year, though this small business card is the only commercial card product currently in Southwest’s portfolio.

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PYMNTS

FEBRUARY 13, 2020

Contactless transactions using commercial credit cards surged nearly a fifth higher in 2019 than they had been prior, according to the U.K. All card payments, including both debit and credit, were up 20 percent, according to Yahoo Finance UK on Thursday (Feb. subsidiary of HSBC, rising 24 percent.

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PYMNTS

FEBRUARY 23, 2020

Revolution Payments is streamlining the process of commercial cards and interchange fees with its new NetSuite Level III Credit Card Processing Solution, the company announced on Friday (Feb. By providing Level-3 data, a supplier may reduce their credit card processing fees — often by 30 to 40 percent.”.

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Fintech Finance

JUNE 6, 2024

Enfuce is launching a new, virtual commercial card programme for Síminn Pay, equipped with a CO2 calculator by climate action platform Deedster , to help its commercial clients reduce their carbon footprints. While this programme is newly launched, the partnership between Enfuce and Síminn Pay has already proven successful.

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The Fintech Times

APRIL 8, 2024

“Ever since SUNRATE started issuing commercial cards, it has been all hands on deck to expand our offerings and bring even more features to our customers – the support of Apple Pay is part of SUNRATE’s global vision to drive B2B digitalisation for businesses worldwide.”

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PYMNTS

SEPTEMBER 13, 2018

Discover is adding to its suite of commercial card products. Its newest offering, the Discover It Business credit card, was announced in a press release Wednesday (Sept. ” The new commercial card solution was announced just weeks after Discover named Roger Hochschild as its new chief executive. .

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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.

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PYMNTS

MAY 29, 2019

Mastercard is rolling out a commercial card product designed for small businesses across Asia Pacific in a new collaboration with United Overseas Bank (UOB), an announcement Tuesday (May 28) said. Of these, most use their commercial credit cards in the region for travel and business entertainment.

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PYMNTS

MARCH 24, 2016

How will Europe’s commercial card industry evolve in the next few years? Researchers published their “Commercial Cards in Europe: Stagnating or Growing?” According to analysts, the region has seen spending volumes in the commercial card space, traditionally fueled by corporate travel.

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Payments Source

APRIL 10, 2017

Bank of America Merrill Lynch, Citi and PNC Bank are the first three banks to adopt the service, which is aimed at customers who use Visa commercial and small-business credit cards to buy supplies from Amazon Business.

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PYMNTS

JANUARY 6, 2021

With businesses large and small increasingly turning their attention toward recovery efforts, the commercial credit card market is exploring ways to help their corporate card holders. Commercial Card, Global Commercial Services, Courtney Kelso in a statement. Hub-Suite Touts Card Perks For Corporates.

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Fintech Finance

FEBRUARY 9, 2024

Bahrain Commercial Facilities Company (BCFC), in a strategic partnership with Mastercard , is set to transform Bahrain’s commercial payments landscape with the introduction of their Commercial Cards Program for companies, corporations and small and medium sized businesses.

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