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”

Member Exclusive

Cheat Sheet: Square now has a bank

  • Payment technology firm Square lends billions to merchants using its point of sale technology.
  • The company has just received an industrial bank charter and is moving deeper into financial services.
Zachary Miller | March 03, 2021
Member Exclusive

Outlier Briefing: Frontify’s MJ Mueller on what it takes to create the most valuable financial brands

  • Building a financial brand isn't easy and it takes commitment.
  • Frontify CMO MJ Mueller joins the Outlier Briefing to talk about the consistency needed to grow a valuable financial brand.
Zachary Miller | March 02, 2021
Member Exclusive, Payments

Cheat Sheet: What it means when the Federal Reserve goes down

  • The Federal Reserve payments system went down yesterday for a few hours.
  • The outage impacted ACH payments, interbank transfers, and payroll.
Zoe Murphy | February 25, 2021
Member Exclusive

Brex’s proposed bank is a setback for Revolut’s team building in the U.S.

  • Brex has applied for an industrial bank license.
  • Management conflicts of interest may impact Revolut's U.S. efforts.
Zachary Miller | February 24, 2021
Data Snacks, Member Exclusive

Survey: 72% of Americans saw their credit scores drop after missing a buy now, pay later payment

  • As a sector, BNPL is growing, as more customers tap forms of point of sale financing.
  • Recent data shows that easy credit is causing users to miss payments resulting in lower credit scores.
Zoe Murphy | February 09, 2021
More Articles