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.
Commerzbank Adds Commercial Card Capabilities from Pliant
Finovate
JUNE 20, 2024
Photo by April Pethybridge on Unsplash The post Commerzbank Adds Commercial Card Capabilities from Pliant appeared first on Finovate. Last year, Pliant acquired business financial management platform Friday Finance for an undisclosed amount.
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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Enfuce Partners With Síminn Pay to Launch Innovative Commercial Cards With Carbon Footprint Tracker
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.
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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Boost launches 100XB cross-border solution for US commercial cards
The Paypers
SEPTEMBER 13, 2024
Boost Payment Solutions has introduced Boost 100XB, a cross-border payment solution tailored for US-issued commercial cards.
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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.
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.
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.
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.
Boost to deliver electronic payments for JPMorgan commercial cards
Payments Source
NOVEMBER 13, 2019
With a growing number of banks adopting digital technology to move B2B commercial cards into mobile wallets, JPMorgan is collaborating with Boost Payment Solutions to automate the delivery of single-use and commercial card accounts to clients.
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.
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
Payments Heavyweights Dig Heels Deeper Into Commercial Cards
PYMNTS
JULY 16, 2020
Commercial card innovation continues to make big waves in the accounts payable (AP) department, as corporates and card issuers alike explore new ways to drive business spend on cards beyond business trips or ad-hoc purchases. American Express commercial cards have been a staple for many corporates over the years.
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.
Virtual Commercial Cards May Guide A New Future For Business Travel
PYMNTS
NOVEMBER 9, 2020
But companies large and small are still making purchases, and with the pandemic fueling the need for contactless payments, commercial card technology adoption is on the rise. With commercial card adoption growing even before the pandemic, an increasing number of T&E technology firms began to step into the world of card issuing.
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.
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.
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.
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.
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.
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.
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.
Commercial Cards Round Out B2B Financial Services
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.
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.
Marqeta Partners with OakNorth to Offer Commercial Cards in the UK, Embracing Growing Small and Medium-Sized Business Demand for Better Banking Tools
Fintech Finance
APRIL 24, 2024
Marqeta (NASDAQ: MQ), the global modern card issuing platform that enables embedded finance solutions for the world’s innovators, today announced a partnership with OakNorth , the digital bank for entrepreneurs, by entrepreneurs, to offer a commercial card for OakNorth’s Business Banking customers.
Giving Suppliers A Voice — And A Choice — In The Commercial Card Migration
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.
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
Considering The Surcharge Path To Commercial Card Adoption
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.
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.
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