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Commercial Payment Cards: The U.S. and Global Markets and Trends, 6th Edition |
| Published Date : 1 December 2009 |
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Pages : 225 |
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The commercial payment card market has undergone a transformation in recent years as the associations and issuers strive to convince companies of the various benefits. Once a fairly simple market comprising travel and entertainment cards and fuel cards, the commercial payment card universe has become more complex with increased segmentation and functionality. But the lines between products have also blurred resulting in card products that combine several cards into one. Purchasing cards have emerged as the champion of commercial payments with the expectation of eventually replacing a substantial portion of paper-based procurement. The fact that commercial cards capture a mere fraction of total commercial payments highlights the potential of the opportunity at hand.
The financial crisis of 2008 that led to the economic meltdown in 2009 posed both a hurdle and an opportunity for the commercial payment card market. On the one hand, products such as small business cards suffered massive declines in purchase volume and skyrocketing charge-off rates. On the other hand, the consolidation of several major issuers and the weeding out of weaker players, combined with a new drive toward corporate cost control and efficiency, may have set the stage for a quick recovery in 2010.
This Packaged Facts report, which has been renamed from corporate credit cards, presents data and analysis on the global and U.S. market for commercial payment cards. The report presents the size and growth of the market by examining key metrics for the 2005-2009 period and providing forecasts through 2014. Included are discussions and analysis of the various commercial payment card types, trends and factors affecting their growth, and a focused analysis of commercial card end user demographics and preferences. In addition, major card brands and issuers are profiled to provide a competitive landscape.
Methodology
Packaged Facts’ study of commercial payment cards is based on extensive secondary research and interviews with industry and regional experts. Secondary sources include data-gathered from relevant trade, business, and government sources, including card industry journals, trade and general press (print and electronic), annual reports and 10(k) filings, company literature, consultancy publications, Packaged Facts reports, websites and white papers.
Packaged Facts’ analysis of consumer behavior and demographics derives from the spring 2009 Experian Simmons Market Research Bureau’s (New York, NY) adult consumer surveys, which are based on approximately 25,000 respondents age 18 or over.
What You’ll Get in this Report
Commercial Payment Cards makes important predictions and recommendations regarding the future of this market, and pinpoints ways current and prospective players can capitalize on current trends and spearhead new ones. No other market research report provides both the comprehensive analysis and extensive data that Commercial Payment Cards offers.
Plus, you’ll benefit from extensive data, presented in easy-to-read and practical charts, tables and graphs.
How You Will Benefit from this Report
If your company is already doing business in the commercial payment card market, or is considering making the leap, you will find this report invaluable, as it provides a comprehensive package of information and insight not offered in any other single source. You will gain a thorough understanding of the current market for commercial payment cards, as well as projected markets and trends through 2014.
This report will help:
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Marketing Managers identify market opportunities and develop targeted promotion plans for commercial payment cards.
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Research and development professionals stay on top of competitor initiatives and explore demand for commercial payment cards.
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Advertising agencies working with clients in the banking and retail industries understand the product buyer to develop messages and images that compel businesses to use commercial payment cards.
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Business development executives understand the dynamics of the market and identify possible partnerships.
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Information and research center librarians provide market researchers, brand and product managers and other colleagues with the vital information they need to do their jobs more effectively. |
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Table of Contents : |
- Chapter 1: Executive Summary
- Scope
- Commercial Payment Card Categories
- Products Out of Scope
- Methodology
- Global Payment Card Market Tops $1.0 Trillion
- Figure 1-1: Global Commercial Payment Card Purchase Volume, 2005-2009 (in billions $)
- Small Business Cards Lead Decline
- Table 1-1: Global Commercial Payment Card Volume by Category, 2005-2009 (in billions $)
- U.S. Market Accounts for Bulk of Global Purchase Volume
- Table 1-2: U.S. Commercial Payment Card Purchase Volume and Year-over-Year Percentage Change, 2005-2009 (in billions $)
- Commercial Card Market to Grow in 2010
- Figure 1-2: Global Commercial Payment Card Purchase Volume Forecast, 2009-2014 (in billions $)
- Purchasing, Fleet to Add Most Purchase Volume
- Table 1-3: Global Commercial Payment Card Purchase Volume by Category, 2009-2014 (in billions $)
- U.S. Market Forecast
- Table 1-4: U.S. Commercial Payment Card Purchase Volume Forecast and Year-over-Year Percentage Change, 2009-2014 (in billions $)
- Visa Leading U.S. Commercial Card Brand
- Figure 1-3: Share U.S. Commercial Payment Card Volume by Major Branded Network, 2009 (%)
- GDP Growth Stalls in 2009, to Rebound in 2010
- Emerging Economies May Be Greatest Prospect for Commercial Cards
- Charge-off Rates, Unemployment Go Sky High
- Rising Delinquencies, Charge-offs, Unemployment to Continue Higher
- “Real” Unemployment Rising, a Sign of Further Trouble Ahead
- Total Firms Contract to 29 Million
- Table 1-5: Total Number of U.S. Firms and Total Employment for Employer Firms and Non-Employers/Self-Employed, 2005-2009 (in millions)
- Business Bankruptcies Skyrocket
- Commercial Generated Revenues Down Dramatically in 2009, to Rebound in 2010
- Figure 1-4: U.S. Commercial Generated Revenues and Percent of Total U.S. Firm Revenues, 2005-2014 (in trillions $)
- Visa’s Commercial Consumption Measure
- Commercial Card Trends in a Down Economy
- Commercial Cards as Cost Reduction Tools
- Commercial Cards Ready to Horn in on Paper and EFTs
- Sagging Economy May Spur Adoption of Cards and Systems
- Satisfaction is High
- Managing Risk Through Analytics
- Payment Fraud Up in 2008
- Innovative Commercial Payment Options Reshape Market
- Efficiency, Security and Control Price of Entry
- Outsourcing Make Entry Easier
- Global Marketing Spend of Major Brands Declining
- Figure 1-5: Major Payment Card Brand Marketing Expenses, 2006-2009 (in millions $)
- Business Card End-User Demographics
- 15 Million Business Card Users
- Table 1-6: Usage Rates for Selected Credit Card Classifications: Have or Use, Used 12 Months, and Used in last 30 Days, 2009 (% U.S. adults)
- Baby Boomers are Top Card Users
- Part-time Workers Less Likely, Self-Employed More Likely
- Professional/Scientific/Technological Employees More Likely to Be Card Users
- Business Purchasing Involvement: Dramatically High Across Brands
- Chapter 2: The Market
- Scope
- Commercial Payment Card Categories
- Products Out of Scope
- Methodology
- The Global Payment Card Market Overview
- Rapid Expansion of the Global Payment Card Market
- Global Payment Card Purchase Volume Declines in 2009
- Figure 2-1: Global Payment Card Purchase Volume, 2005-2009 (in billions $)
- Payment Cards Continue to Replace Other Forms of Payment
- Table 2-1: Global Payment Card Purchase Volume and Year-over-Year Percentage Change, 2005-2009 (in billions $)
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- The Global Commercial Payment Card Market
- Global Payment Card Market Tops $1.0 Trillion
- Commercial Market in 2009 Plummets
- Figure 2-2: Global Commercial Payment Card Purchase Volume, 2005-2009 (in billions $)
- Table 2-2: Global Commercial Payment Card Purchase Volume and Year-over-Year Percentage Change, 2005-2009 (in billions $)
- Global Market by Brand
- Visa, Inc. Leads Global Market
- Visa Europe Declines More Shallow
- America Express No Longer on Top
- MasterCard Growth Suffers From Advanta Collapse, Small Business
- China UnionPay the One to Watch
- Other Commercial Payment Brands Find Strength in Home Markets
- Table 2-3: Annual Global Commercial Payment Card Purchase Volume by Brand, 2005-2009 (in billions $)
- Global Brand Share Shifts in Visa’s Favor
- Figure 2-3: Share of Global Commercial Payment Card Volume by Brand, 2009 (%)
- Global Market by Category
- Innovation into Category Extinction
- Corporate Cards’ Steady Growth Falters
- Small Business Cards Suffer Largest 2009 Decline
- Purchasing & Fleet Cards Suffer from Lower Gas Prices
- Prepaid & Benefit Cards Keep Growing
- Table 2-4: Global Commercial Payment Card Volume by Category, 2005-2009 (in billions $)
- Global Share by Category
- Figure 2-4: Share U.S. Commercial Payment Card Volume by Major Branded Network, 2009 (%)
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- The U.S. Commercial Payment Card Market
- U.S. Market Accounts for Bulk of Global Purchase Volume
- U.S. Payment Card Purchase Volume Declines in 2009
- Figure 2-5: U.S. Commercial Payment Card Purchase Volume and Percentage of Total Global Commercial Card Payment Volume, 2005-2009 (in billions $)
- Table 2-5: U.S. Commercial Payment Card Purchase Volume and Year-over-Year Percentage Change, 2005-2009 (in billions $)
- U.S. Market by Major Brand
- Visa in U.S. Grabs Largest Share
- American Express’s U.S. Business Suffers
- MasterCard’s Robust U.S. Growth Does an About-Face
- Discover Only a Minor Player
- Table 2-6: Annual U.S. Commercial Payment Card Purchase Volume by Major Brand, 2005-2009 (in billions $)
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- Market Forecast
- It Wasn’t a Very Good Year
- Hope for a Rebound in 2010
- Commercial Card Market to Grow in 2010
- Figure 2-6: Global Commercial Payment Card Purchase Volume Forecast, 2009-2014 (in billions $)
- Through 2014 Growth to Grow Purchase Volume by 50%
- Table 2-7: Global Commercial Payment Card Purchase Volume and Year-over-Year Percentage Change, 2009-2014 (in billions $)
- Global Market Forecast by Brand
- China UnionPay Becomes a Player
- Table 2-8: Global Annual Commercial Payment Card Purchase Volume Forecast by Brand, 2009-2014 (in billions $)
- Global Market Forecast by Category
- Purchasing, Fleet to Add Most Purchase Volume
- Corporate Cards to Grow at Slower Pace
- Prepaid, Benefit Card Volume Growth the Most Robust
- Small Business Volume Growth May be Hampered
- Table 2-9: Global Commercial Payment Card Purchase Volume by Category, 2009-2014 (in billions $)
- U.S. Market Forecast
- Figure 2-7: U.S. Commercial Payment Card Purchase Volume Forecast and Percentage of Total Global Commercial Card Payment Volume, 2009-2014 (in billions $)
- Table 2-10: U.S. Commercial Payment Card Purchase Volume Forecast and Year-over-Year Percentage Change, 2009-2014 (in billions $)
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Published By : Packaged Facts |
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