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Research: Top US issuers of commercial cards

  • Changes are afoot in commercial credit card issuance.
  • Here are today's top issuers of commercial credit cards.
Research: Top US issuers of commercial cards

Fintech may have begun by targeting the merchant processing side of payments, but entrepreneurs and companies are now working to disrupt issuer processing. Companies like Marqeta and Finix are using technology to create new payment possibilities for some of today’s most innovative companies.

Card issuers focused on the commercial sector offer 4 different types of cards: corporate cards (which can be used on fleet and purchasing), small business credit, small business debit, and prepaid. Here are the largest providers of commercial cards in the US ranked by purchase volumes in billions of dollars.

Mercator sees the commercial card industry reaching maturity, growing another $343 billion by 2022 (up from $504.7 billion in 2018). This provides an opportunity for ‘smaller, regional banks to compete against the super-regional and national competitors’. Virtual card use is ramping, with some banks reporting year over year growth as high as 195 percent.

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Research: For a generation just hitting the workforce, Gen Z has surprisingly good credit

  • Gen Z has higher average credit than Millennials and Gen X
  • But people born after 1996 will need more help in managing their finances.
Zoe Murphy | November 18, 2019
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Behind Apple Card, Goldman Sachs responds to accusations of gender bias

  • Goldman Sachs' algorithms are being accused of gender bias in underwriting.
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Research: The future of banking as told through 4 archetypes

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Themes, sessions, and speakers: What to see at Money20/20 in 2019

  • There's so much going on at Money20/20 that it's hard to decide what to attend.
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Zack Miller | October 28, 2019
Member Exclusive, Payments

Research: Popularity of mobile payments is creating new retail payment use cases

  • The global payments industry is taking strong steps towards an ecosystem approach.
  • Take up of open banking has been lukewarm, so payment players should prioritize strategies within these new parameters.
Zoe Murphy | October 08, 2019
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