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The Commercial Card Embraces A Season Of (Major) Change

PYMNTS

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.

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RAKBANK Partners With Mastercard For Commercial Card Solutions

PYMNTS

National bank RAKBANK , headquartered in the emirate of Ras Al-Khaimah in the United Arab Emirates, has teamed up with Mastercard to introduce corporate payment solutions, Zawya reported Wednesday (Jan. It also provides efficient monitoring of travel and entertainment expenses via the SmartData expense monitoring and management tool.

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Today In B2B Payments: Visa Unlocks SMB Data, Mastercard Drives Biz Card Adoption Across MEA

PYMNTS

Today in B2B payments: Visa collaborates to open up small business banking data, while Mastercard drives commercial card adoption across the MEA region. Plus, American Express eyes social media shoutouts for small firms, Veem launches a domestic B2B payments tool and Billtrust embraces machine learning.

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Today In B2B Payments: Visa Unlocks SMB Data, Mastercard Drives Biz Card Adoption Across MEA

PYMNTS

Today in B2B payments: Visa collaborates to open up small business banking data, while Mastercard drives commercial card adoption across the MEA region. Plus, American Express eyes social media shoutouts for small firms, Veem launches a domestic B2B payments tool and Billtrust embraces machine learning.

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Looking Beyond The Card To Drive Commercial Adoption

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The payments digitization push has ramped up for corporates in recent months, with growing corporate card adoption attributed to the pandemic, recent Mastercard data reveals. Mastercard Streamlines Amazon Expense Management. Airbase Spend Signals Rising Card Adoption. Brex Broadens Partnership Base.

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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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How The Corporate Card Recharted Its Adoption Course

PYMNTS

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.