Member Exclusive

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.
close

Email a Friend

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.

0 comments on “Research: Top US issuers of commercial cards”

10-Q, Member Exclusive

Behind Citizens Bank’s evolving strategy in a crowded BNPL market

  • Citizens Pay's Christine Roberts shares insights on how Citizens Pay has evolved since its inception and if it has an edge over fintech BNPL lenders.
  • In other news, Arm and Instacart IPOs could be meaningful for Goldman Sachs to open new doors of revenue and IPO fees for the Wall Street firm.
Sara Khairi | September 25, 2023
10-Q, Member Exclusive

Chasing ambitions: SoFi elevates its game by participating in underwriting the Instacart IPO

  • Underwriting part of the Instacart IPO can be a big shot for SoFi, which went public in 2021 and is best known for student loan refinancing.
  • Also, Wall Street banks added modest gains to the IPO Index last week.
Sara Khairi | September 18, 2023
10-Q, Member Exclusive

Dime Community Bancshares steps into healthcare lending as part of its commercial banking expansion

  • Dime makes a move into the healthcare sector to offer financing solutions and support capital-intensive projects.
  • The CFPB is keeping tabs on Apple’s policy of limiting access to the NFC chip technology that makes Apple Pay the only mobile payment service that utilizes the ‘tap and go’ technology embedded in iOS devices limiting other companies from developing their own tap-to-pay apps for Apple devices.
Sara Khairi | September 11, 2023
10-Q, Member Exclusive

Better.com’s shiny IPO debut: Can the mortgage lender pave its way to become a Wall Street darling?

  • Can Better.com gain Wall Street's respect?
  • Federal Reserve Chair Jerome Powell on Friday warned that additional interest rate increases could be yet to come, as inflation is still above where policymakers feel comfortable.
Sara Khairi | August 28, 2023
10-Q, Member Exclusive

‘We still need to earn the trust of millions of Americans who are experiencing digital banking for the first time’: Dave’s Jason Wilk

  • Jason Wilk, CEO and founder of Dave, talks about second quarter results, challenges for neobanks at large, and what's in store for the firm in the months ahead.
  • Marqeta shares popped 8% last week as the firm extended its alliance with its largest customer, Block, through 2027 for transaction services for Cash App and Afterpay.
Sara Khairi | August 21, 2023
More Articles