It’s Not Too Late to Become a Commercial Card Issuer

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Information about It’s Not Too Late to Become a Commercial Card Issuer
Business & Mgmt

Published on February 13, 2014

Author: mercatoradvisory

Source: slideshare.net

Description

For banks with a cash management presence but without a commercial card offering, the time is right to enter the market and offer card products for businesses, according to Mercator Advisory Group’s Commercial and Enterprise Payments Advisory Service. Mercator Advisory Group's newest Research Report, It’s Not Too Late to Become a Commercial Card Issuer, shows that offering commercial cards is an excellent way for banks to extend their cash management product set.

It’s Not Too Late to Become a Commercial Card Issuer February 2014

It’s Not Too Late to Become a Commercial Card Issuer For banks with a cash management presence but without a commercial card offering, the time is right to enter the market and offer card products for businesses, according to Mercator Advisory Group’s Commercial and Enterprise Payments Advisory Service. Mercator Advisory Group's newest Research Report, It’s Not Too Late to Become a Commercial Card Issuer, shows that offering commercial cards is an excellent way for banks to extend their cash management product set. 2014 Mercator Advisory Group

Amy Hoke Director Commercial and Enterprise Payments Advisory Service Mercator Advisory Group "Banks that don’t offer commercial card products run the risk of being disenfranchised from their cash management customers that use card products to manage some or most of their business-to-business payments," comments Amy Hoke, Director of Mercator Advisory Group’s Commercial and Enterprise Payments Advisory Service. “With the market expected to continue to grow, it’s not too late to become a commercial card issuer.” 2014 Mercator Advisory Group

Highlights of the full report • Definition of the types of products offered by commercial card issuers • Definition of various payment forms for commercial cards • Description of additional features that make up a commercial card program • Card volumes and growth • Issuance models • Guidelines for new issuers to get started 2014 Mercator Advisory Group

Figure 4: Global Commercial Credit Card Volumes Totaled $559 Billion in 2012 Global and U.S. Commercial Credit Card Purchase Volumes, 2008– 2012 (Visa, MasterCard, and American Express Branded Products) 559 $ Billions 600 500 500 400 425 CAGR 2008–2012 363 300 199 276 234 163 225 191 248 0 2009 Total, 16% U.S., 16% 200 100 311 2010 2011 Source: Mercator Advisory Group estimates © 2014 Mercator Advisory Group 2012 ROW, 15%

About the Full Report The report is 21pages long and contains 8 exhibits. Companies mentioned in this report include Santander Bank, N.A., TSYS, and Visa. Members of Mercator Advisory Group's Commercial and Enterprise Payments Advisory Service have access to this report as well as the upcoming research for the year ahead, presentations, analyst access and other membership benefits. Please visit us online at www.mercatoradvisorygroup.com. For more information and media inquiries, please call Mercator Advisory Group's main line: (781) 419-1700, send email to info@mercatoradvisorygroup.com. Follow us on Twitter @ http://twitter.com/MercatorAdvisor. 2014 Mercator Advisory Group

About Mercator Advisory Group Mercator Advisory Group is the leading independent research and advisory services firm exclusively focused on the payments and banking industries. We deliver pragmatic and timely research and advice designed to help our clients uncover the most lucrative opportunities to maximize revenue growth and contain costs. Our clients range from the world's largest payment issuers, acquirers, processors, merchants and associations to leading technology providers and investors. Mercator Advisory Group is also the publisher of the online payments and banking news and information portal PaymentsJournal.com. 2014 Mercator Advisory Group

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