NewswireToday - /newswire/ -
London, United Kingdom, 2007/04/30 - ReportBuyer.com, the online destination for business intelligence for major industry sectors, has now added a new report on the enormous potential in the commercial credit card spending market.
“Corporate Credit Cards in the U.S.,” projects that the commercial cards market will grow by a massive 144% from 2004 to 2010.
The commercial credit card business is expected to continue its robust growth with a focus on migrating small business purchases to plastic. Numerous factors point towards exceptionally healthy market growth as business usage becomes more commonplace and the competition among Visa, MasterCard, American Express, and now, Discover grows.
Healthcare cards withdrawing funds from employee healthcare accounts have experienced triple-digit growth since 2005, a trend which looks set to continue. Similarly, payroll cards, which give employees immediate access to their wages, have suddenly caught on, with use expected to grow to $27.1 billion in spending by 2009.
In addition, Baby Boomers are now the top commercial card users. Brand preference trends show commercial card use is hard-wired to educational achievement and individual income, with race and professional affiliation also playing significant roles.
The new edition of this popular report explores three new segments in the commercial card market, small business, payroll and healthcare cards. It also thoroughly examines not only the card categories, products, and major associations/companies and issuers, but also the current legal and regulatory issues coloring the market and the emerging consumer trends that are becoming significant growth factors.
“Corporate Credit Cards in the U.S.,,” is available in pdf format from Report Buyer.
Report Buyer product ID: PKF00060
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