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US Commercial Cards: Safe Haven in Heavy Weather for Issuing BanksPublished by: TowerGroup Published: Mar. 16, 2009 - 14 Pages Table of Contents
AbstractThe economic crisis has hit the US consumer payment cards market hard, but growth in commercial cards should continue in 2009, barring an actual depression.Historically, commercial cards — plastic payment cards issued to businesses rather than to consumers — have evinced steady growth, and now new development is accelerating. Pricing risks abound in commercial cards, and issuers must carefully manage these risks to preserve margins. Card issuers today are focusing their innovation efforts on accounts payable file integration and increased program management control. For the next three years, TowerGroup expects card issuers to find growth opportunities in the industry driven by the use of purchasing cards, also called p-cards. Get Full Details About This Report >> |
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