In the U.S., electronic B2B payment value remains dominated by ACH: Packaged Facts in the report "Commercial Payment Cards: U.S. and Global Market Trends, 10th Edition" estimates that commercial cards comprised 3.7% of electronic B2B payment value in 2016.
January 15, 2018Airlines remain a co-branded credit card lynchpin, contributing $379 billion to some $990 billion in total 2018 U.S. co-branded card purchase value.
September 16, 2019Once home to consumers with higher risk profiles and higher chargeoff rates, store credit card volume and active accounts took a nosedive during the recession, as issuer portfolios groaned under the strain of bad debt and reduced customer engagement. But signs point to a private label turnaround. Deal-making activity suggests that private label card programs have become a more viable and stable income source for issuers; the payment card segment has been buoyed by a spate of deals that has invig...
August 15, 2013This blog is based on the Packaged Facts report Commercial Payment Cards: U.S. and Global Market Trends, 9th Edition. Find out more by clicking here. March 1 - Despite the recent slowdown in the Chinese economy and forecasts for tapering growth ahead, homegrown payment network China UnionPay (CUP) remains poised for robust growth both domestically and abroad. At a macro level, China’s two-speed economy emphasizes a shift away from investment and manufacturing and toward consumption and service...
March 1, 2016About six in ten consumer payments are now made with debit, credit, or prepaid cards. Debit cards are used the most, followed by credit cards then by cash.
August 2, 2021The commercial payment card industry is at a tipping point. Find out why…
February 11, 2020Private label cards are helping customers make large purchases that they otherwise might not be able to pay for all at once, such as appliances, home entertainment systems, or Christmas gifts for a household.
November 5, 2019While consumer credit card loans outstanding are on the rise, growth remains relatively subdued, especially in comparison to automobile and student loan growth rates, suggesting that consumers continue to approach card debt conservatively.
June 1, 2017Globalization is occurring at a rapid pace, requiring increased simplification and control over employer payments and expenses across multiple countries. Among payment providers (networks and card issuers alike), this has undoubtedly caused growing pains, as they struggle to craft solutions sophisticated and robust enough to meet global challenges of many stripes-regulatory and operational hurdles among them. But in plain English, it also means payments expansion-following the arc of global gr...
May 2, 2014The payment preferences Gen Zers are developing will inform their choices and providers for decades to come.
July 14, 2022