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Commercial Payment Cards: The U.S. and Global Markets and Trends, 8th Edition - Product Image

Commercial Payment Cards: The U.S. and Global Markets and Trends, 8th Edition

  • ID: 2833074
  • March 2014
  • Region: Global, United States
  • 130 Pages
  • Packaged Facts

FEATURED COMPANIES

  • AirPlus International
  • Comdata Inc.
  • MasterCard
  • WEX Inc.
  • MORE

While U.S. consumer credit card spending may still be pressured, commercial card purchase volume is moving full steam ahead. According to Commercial Payment Cards: The U.S. and Global Markets and Trends, 8th Edition commercial card purchase volume grew by 13% in 2013, reaching $888 billion. But commercial cards are catching on in both the U.S. and abroad: it is forecast that global commercial card purchase volume to grow by 13% in 2014 and in 2015, rising from $1.4 trillion to $1.79 trillion, with both small businesses and larger corporations fueling growth.

The global landscape is quickly shifting, due in part to the quick ascension of UnionPay, which now generates more commercial card purchase volume than JCB, BC Card and Discover/Diner's Club - and surpassed Visa in 2013 as the largest network by credit and debit purchase volume. With globalization occurring at a rapid pace, payments networks and financial institutions - keen to meet the needs of multinational corporations and to penetrate new markets - are growing alongside the world's large corporations.

And U.S. commercial banks have worked hard to close the commercial payments gap with competitors such as American READ MORE >

FEATURED COMPANIES

  • AirPlus International
  • Comdata Inc.
  • MasterCard
  • WEX Inc.
  • MORE

Chapter 1: Executive Summary

Report Scope
- Scope
Report Summary
Market size and forecast
- Some global context
- In the U.S. . . .
- And outside of the U.S.
Commercial card growth drivers & trends
- Global competition increases
- Commercial cards making inroads
- And purchase cards generate lots of spend
- But not used prevalently
- Make it easy
- Accept me!
Commercial card network operators
- American Express
- Discover/Diner's Club
- MasterCard
- Visa
- American Express, MasterCard and Visa commercial card value growth trends
- Credit card/business credit card penetration by company size
Commercial card bank issuers and processors
- Abroad, ho!
- A growing plethora of electronic solutions
- Moving into new verticals
- A bit about the players
Commercial card non-bank issuers and processors
- Closed-loop fleet cards
- Comdata Inc.
- Fleetcor Technologies, Inc.
- Airline/travel
Commercial cards and government

Chapter 2: Introduction and Overview

Introduction to commercial payment market product categories and segments
- Open-loop versus closed loop cards
- Products and services out of scope

Chapter 3: Market Size and Forecast

Summary analysis
- Overall card purchase volume
- Commercial card purchase volume
Commercial card purchase volume market size & forecast
- Table 3-1: Global Payment Card & Commercial Card Purchase Value: 2010-2015
- Debit cards and prepaid cards
- Table 3-2: U.S. Commercial Card Purchase Volume: Total, Credit/Charge & Debit/Prepaid, by Network Operator, 2013
- Closed loop fleet cards
Global card purchase volume trends
- Global card purchase volume grows 72% during 2010-2013
- UnionPay takes global lead
- Table 3-3: Global Card Purchase Value/Value Share, by Network Operator: 2010-13
Global commercial card purchase volume trends
- Commercial card share
- Table 3-4: Global Commercial Card Purchase Value & Share of Global Card Purchase Value, 2010-13
- Visa, American Express and MasterCard maintain volume leadership
- Table 3-5: Global Commercial Card Purchase Value/Value Share, by Network Operator: 2010-13
U.S. card purchase volume trends
- Table 3-6: U.S. Card Purchase Value & Global Market Share, 2010-13
- Table 3-7: Commercial Card Purchase Value: Global, U.S. & Non-U.S., 2010-13
- Visa maintains lead
- Table 3-8: U.S. Card Purchase Value/Value Share, by Network Operator: 2010-13
- Table 3-9: U.S. Commercial Card Purchase Value/Value Share, by Network Operator: 2010-13
Non-U.S. card purchase volume trends
- Table 3-10: Non-U.S. Card Purchase Value/Value Share, by Network Operator: 2010-13
Non-U.S. commercial card purchase volume trends
- Table 3-11: Non-U.S. Commercial Card Purchase Value/Value Share, by Network Operator: 2010-13

Chapter 4: Commercial Card Growth Drivers & Trends

Summary analysis
Going global, global, global
Europe
And facing global competition
UnionPay
- Mirroring Chinese market growth
- And maintaining domestic market dominance
- While expanding abroad
- By the numbers
- Table 4-1: UnionPay Global Consumer and Commercial Card Purchase Volume, 2009-2013
JCB
- Table 4-2: JCB Global Consumer and Commercial Card Dollar Volume, 2009-2013
- Driving commercial card uptake
- Cost savings
- Cards still a sliver of the payments pie
- Table 4-3: Percent of Payments Made by Corporations, 2013
- Purchasing cards
- Non-plastic purchasing card accounts
- Middle market provides purchasing card opportunity
- Table 4-4: Usage of Payment Types by Corporations, by Corporation Revenue, 2013
- Purchasing card use is relatively widespread
- But not used with much frequency
- Table 4-5: Payment Method Used to Pay Major Suppliers, by Transaction Share, 2013
- Convenience and ease
Accept me!
Drilling into new spend categories
Adapting to and harnessing technology
- RFID on the horizon

Chapter 5: Commercial Card Network Operators

Summary analysis
- American Express
- Discover/Diner's Club
- MasterCard
- Visa
- Comparing cards
American Express
Value proposition
- Special services and programs abound
Commercial card operating segments and customer bases
- Charge!
- Graph 5-1: American Express Global Credit Card & Charge Card Spend: Consumer, Small Business, and
- Corporate Spend, 2013
International proprietary small business
Commercial growth via network partnerships
Global Commercial Services
Corporate card programs
- American Express Corporate Card
- Online management tools
- Savings at Work
- Membership Rewards
Business-to-business payment solutions
- Corporate Purchasing Card
- vPayment
- PAYVE and buyer initiated payments
- American Express Global Business Travel
Commercial card performance and growth trends
- B2B emphasis
- Small business growth continues
- While corporate growth slows
- GNS partnerships flourish
- Targeting educational institutions
- Technology partnerships and acquisitions
- International expansion
American Express consumer and commercial card value growth trends
- Global trends
- Table 5-1: American Express Global Consumer & Commercial Card Value: 2010-2013
- Graph 5-2: American Express Global Consumer & Commercial Card Value: 2010-2013
- Non-U.S. trends
- Table 5-2: American Express Non-U.S. Consumer & Commercial Card Value: 2010-2013
- Graph 5-3: American Express Non-U.S. Consumer & Commercial Card Value: 2010-2013
- U.S. trends
- Table 5-3: American Express U.S. Consumer & Commercial Card Value: 2010-2013
- Graph 5-4: American Express U.S. Consumer & Commercial Card Value: 2010-2013
- U.S. commercial trends, by business type
- Table 5-4: American Express U.S. Commercial Card Value, by Business Type: 2010-2013
- Graph 5-5: American Express U.S. Commercial Card Value, by Business Type: 2010-2013
Discover Financial Services, Inc.
Diner's Club provides international reach
MasterCard
Commercial payment solutions
Commercial card strategy
- Leveraging the location advantage
- Direct-to-corporate sales strategy
- Unleashing MasterCard Smart Data
- Tapping MasterCard Advisors
- The art and timing of the cross-sell
Small business strategy
- An integrated approach
- MasterCard Business Network: negotiating strength for small business
MasterCard consumer and commercial card value growth trends
- Global trends
- Table 5-5: MasterCard Global Consumer & Commercial Purchase Volume: 2010-2013
- Graph 5-6: MasterCard Global Consumer & Commercial Card Purchase Volume: 2010-2013
- Non-U.S. trends
- Chipping away at China
- Elsewhere abroad
- Table 5-6: MasterCard Non-U.S. Consumer & Commercial Card Purchase Volume: 2010-2013
- Graph 5-7: MasterCard Non-U.S. Consumer & Commercial Card Purchase Volume: 2010-2013
- U.S. trends
- Consumer credit emerging from doldrums
- Chase relationship a boon and a bane
- Other commercial contract wins
- Table 5-7: MasterCard U.S. Consumer & Commercial Card Purchase Volume: 2010-2013
- Graph 5-8: MasterCard U.S. Consumer & Commercial Card Purchase Volume 2010-2013
- Commercial credit card versus commercial debit/prepaid
- Table 5-8: MasterCard U.S. Consumer & Commercial Card Purchase Volume: Credit vs. Debit, 2010-2013
Visa
Commercial payment solutions
- Small business
- Credit card issuer signings strengthen Visa's U.S. consumer credit card position
- Medium-sized and large businesses
- Scratching the surface: the cards
- Beneath the surface: harnessing data, simplifying the process and growing payment spend
- IntelliLink
- PerformSource
- Visa Payables Automation
- The CyberSource connection
- Syncada
- Industry vertical solutions
Visa consumer and commercial card value growth trends
- Global trends
- Table 5-9: Visa Global Consumer & Commercial Card Value, 2010-2013
- Graph 5-9: Visa Global Consumer & Commercial Card Value, 2010-2013
- Non-U.S. trends
- Table 5-10: Visa Non-U.S. Consumer & Commercial Card Value, 2010-2013
- Graph 5-10: Visa Non-U.S. Consumer & Commercial Card Value, 2010-2013
- U.S. trends
- Table 5-11: Visa U.S. Consumer & Commercial Card Value, 2010-2013
- Graph 5-11: Visa U.S. Consumer & Commercial Card Value, 2010-2013
- Commercial credit card versus commercial debit/prepaid
- Table 5-12: Visa U.S. Consumer & Commercial Card Value: Credit vs. Debit, 2010-2013
Credit card/business credit card penetration by company size
Visa, MasterCard & American Express
- Table 5-13: Consumer & Business Credit Card Usage Penetration, 2013
- Table 5-14: Consumer & Business Credit Card Usage Penetration, 2013

Chapter 6: Commercial Card Bank Issuers & Processors

Summary analysis
Bank of America Merrill Lynch
- U.S. presence
- International scope
Commercial card solutions
- Table 6-1: Bank of America Merrill Lynch Card Solutions, 2013
- Comprehensive Payables
- Paymode-X and ePayables
- Works
Enhancements and expansion
Citibank/ Citi Commercial Cards
Expansion and enhancements
- Product rollouts
- International growth
- Well positioned in China
- Latin America gets global issuing platform
JP Morgan Chase/Chase Commercial Banking
Products & Capabilities
- Cards
- Electronic solutions
New partnerships
Total System Services, Inc.
- Commercial card scope and growth
- Table 6-2: Total System Services: Consumer, Commercial, Government & Prepaid Accounts, 2011-2013
U.S. Bank
- Commercial card solutions
- Electronic solutions
- Healthcare
- Fuel solutions

Chapter 7: Commercial Card Non-Bank Issuers

Summary analysis
Fleet cards
- Market size
- Expansion and enhancements
Fleetcor Technologies, Inc.
- Table 7-1: FleetCor U.S. & International Networks and Network Locations, 2013
- Acquisitions build volume and strengthen product portfolio
WEX Inc.
- Fleet cards
- Virtual and prepaid cards
- Acquisitions
- Airline/travel
- Universal Air Travel Plan
- AirPlus International

hapter 8: Commercial Cards and Government

Summary analysis
Thank you, Uncle Sam!
SmartPay
- GSA charge card issuers: Citibank, JPMorgan Chase, and U.S. Bank
- SmartPay spend on decline
- Table 8-1: GSA SmartPay Program Spend and Transaction Volume: Fleet, Purchase, Travel, 2009-2013
- U.S. Bank contract generates 60% of SmartPay fleet volume
- Table 8-2: GSA SmartPay Fleet Card Spend and Transaction Volume: Citibank, JPMorgan Chase and U.S.
- Bank, 2009-2013
- U.S. Bank cards generate 60% of SmartPay fleet volume
- Table 8-3: GSA SmartPay Purchase Card Spend and Transaction Volume: Citibank, JPMorgan Chase and U.S.
- Bank, 2009-2013
- Citibank contract generates three-quarters of travel volume spend
- Table 8-4: GSA SmartPay Travel Card Spend and Transaction Volume: Citibank, JPMorgan Chase and U.S.
- Bank, 2009-2013
- Table 8-5: GSA SmartPay Spend and Transaction Volume: Department of Interior, 2009-2013
Appendix
Methodology
Consumer survey methodology
Market size methodology
- Volume estimates
- End users included
- Volume not included
- Other
- Sources
Abbreviations

- AirPlus International
- Comdata Inc.
- FleetCor Technologies, Inc.
- MasterCard
- U.S. Bank Voyager Fleet Systems Inc.
- Universal Air Travel Plan, Inc.
- WEX Inc.

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