Supplier Enablement of Cards in B2B E-Payments Requires Persistence, Data, and Technology
|出版商||Mercator Advisory Group, Inc.||商品編碼||409573|
|出版日期||內容資訊||英文 24 Pages
|「供應商Enablement」:持續性、資料、技術受到要求的供應商的卡片B2B電子付款 Supplier Enablement of Cards in B2B E-Payments Requires Persistence, Data, and Technology|
|出版日期: 2016年12月22日||內容資訊: 英文 24 Pages||
Fundamentals remain key, but issuers must consider alternative approaches to advance virtual card use by suppliers
New research from Mercator Advisory Group examines traditional and new methods for advancing supplier enablement
Historical difficulties in gaining mass-scale adoption of commercial cards for use in corporate payables have been rooted in friction around pricing and technical requirements for acceptance. Issuers, buyers, and financial technology firms (fintechs) are now approaching this challenge from several angles, using the rising popularity of virtual card accounts as the catalyst for achieving the long-sought broad acceptance of card-based payments among suppliers. The commercial card industry is an integral and growing portion of the broader business-to-business (B2B) payments landscape. Mercator estimates that the overall noncash value transfer between U.S. businesses within the B2B payments ecosystem was close to $24 trillion during 2015. This includes payments by check, ACH, cards, and wires.
In a new research report, ‘ Supplier Enablement of Cards in B2B E-Payments Requires Persistence, Data and Technology ’, Mercator Advisory Group discusses supplier enablement, recommending fundamental approaches for success, suggesting tools to enhance suppliers' recognition of the value proposition of B2B e-payments, and reviewing innovative business/technology trends that will have an impact on the industry.
“While the commercial card industry continues to benefit from the ongoing shift away from cash and checks and the increase in purchase volume, vast opportunities still exist for growth in cards as payables tools,” commented Steve Murphy, Director of Mercator Advisory Group's Commercial and Enterprise Payments Advisory Service and author of the report. “There is substantial untapped potential, given the size of the market. The effort to drive further adoption of virtual cards among suppliers is one of the key activities of commercial card issuers and their corporate clients.”
The note is 24 pages long and contains 10 exhibits.
Source:Mercator Advisory Group.