Countries covered: United States
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Abstract:
Despite a national recession and tough economic times for most industries worldwide, the market for corporate credit cards has maintained strong growth, thanks largely to a global shift towards all-electronic payments and an increase in mandatory corporate card use among companies of all sizes. New products and behind-the-scenes technologies have also helped to grow the market, which has become more and more important to card associations and issuers in light of the increasingly saturated consumer credit market. Corporate credit cards and purchasing cards have proved to be an essential component of the global economy, and this market holds even greater promise through the end of the decade and beyond. This new Packaged Facts report, The U.S. Market for Corporate Credit Cards and Purchasing Cards, focuses on the $500 billion corporate credit card industry, covering corporate (travel and entertainment) cards, purchasing cards, and fleet cards, as well as new products such as payroll cards, prepaid corporate cards, and corporate debit cards.
What You’ll Get in this Report
The U.S. Market for Corporate Credit Cards and Purchasing Cards examines the latest trends in the industry, including significant mergers, new products and services, and key factors affecting market growth—such as a new focus on small and mid-sized businesses; widespread use of rebates and rewards for corporate card use; new incentives to use purchasing cards for large transactions; and ongoing improvements in online card management and reporting solutions. It also includes information on corporate card marketing and advertising, demographic data on commercial credit card holders, and detailed company profiles of the leading bankcard associations and card issuers, including Bank of America, Citibank, U.S. Bank, and GE Capital Financial.
Report Methodology
The information in The U.S. Market for Corporate Credit Cards and Purchasing Cards is based on both primary and secondary research. Primary research involved interviews with marketing, public relations and analysts within the financial industry and consultants to the industry. Secondary research entailed data-gathering from relevant trade, business, and government sources, including company literature, data from CardSource and corporate filings
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