Getting down to business: Commercial cards in business-to-business payments

Susan Herbst-Murphy

No 11-01, Consumer Finance Institute discussion papers from Federal Reserve Bank of Philadelphia

Abstract: Providing efficiency and cost-savings over paper payments (cash and checks), commercial payment cards are among the fastest growing card segments in recent years. Today, they account for nearly one in every five dollars spent using general-purpose payment cards. And since business and government payments are three times larger than consumer transactions, there is ample room for future growth. Adoption by government and small business has been especially noteworthy. Adoption among large companies, which account for half of commercial expenditures, has been more modest. This paper provides an overview of the commercial card product set, its successes and challenges, and the adaptations that have been made to meet market demands and expectations.

Keywords: Point-of-sale-systems; small business finance (search for similar items in EconPapers)
Date: 2011
New Economics Papers: this item is included in nep-bec
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedpdp:11-01

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