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The Commercial Card Embraces A Season Of (Major) Change

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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. Winter Blues. Spring’s SMB Support. Spring began in dramatic fashion.

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UK Retailers Press For Commercial Card Interchange Fee Caps

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card company interchange fees reached new levels earlier this year when the European Commission (EC) issued a $648.3 million fine against Mastercard for its swipe fees, which regulators said drove up prices for retailers and consumers, and hampered competition. ” The Commercial Card Debate.

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Mastercard Propels Cardlay’s Biz Card Solution Across Europe

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Commercial card technology company Cardlay , based in Denmark, has announced a partnership with Mastercard Europe, expanding the FinTech’s reach throughout the continent via Mastercard’s network of issuing banks. Reports in Finextra said on Monday (Jan. Reports in Finextra said on Monday (Jan.

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Corporate Cards Tackle Industry-Specific Pain Points

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Commercial cards continue to explore more use cases to optimize spend for businesses, from accounts payable (AP) to employee travel and expense management. Increasingly, the corporate card industry is also looking at ways to take advantage of the unique challenges in particular industries. Cards Tackle Event Planning Expenses.

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FinTechs Embrace Collaboration For Corporate Card Solutions

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This week's Commercial Card Innovation Tracker finds FinTechs and payment technology players like Mastercard, Visa and Nets embracing partnerships to roll out new corporate card solutions, including virtual commercial cards and small business credit cards designed to enhance spend management and help SMBs access credit during turbulent times.

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How The Corporate Card Recharted Its Adoption Course

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At the dawn of 2020, commercial cards made up only a fraction of overall B2B payments volume, even as corporates continued their slow-but-sure payments digitization efforts away from the paper check. But in the midst of the coronavirus crisis, the corporate card seemed to unlock more value for businesses large and small.

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Driving Corporate Card Innovation With Collaborations, Card Issuing Platforms

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The corporate card can have a home in the digital wallet thanks to collaborations and technology platforms designed for card issuers. Furthermore, the collaboration will grow the reach of Volopay’s cards, letting its corporate customers and their staffers make card payments wherever they conduct business around the globe.