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As businesses of all sizes continue to deal with a low-revenue growth environment, with annual changes in real U.S. gross output below 3% every year since 2010, they are looking to drive greater efficiencies and returns from their various operations. One of the operational areas that offer considerable potential for technology-based transformation is the payments system.
Companies with vehicle fleets want payment solutions that offer convenience for drivers as well as specific card controls to manage fleet-related expenses. Consolidate fuel spending on the new PNC Fleet Card, available in Q2 2017.
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Commercial Card volume has been growing, but the rate of growth is slowing. Yet, PNC stands out with one of the strongest growth rates among the top 10 Visa®/Mastercard® commercial card issuers. See the numbers!
PNC has built significant experience and expertise in commercial card acceptance in the B2B payments space. Check out some of our key strategies to drive increased commercial card acceptance from your suppliers.
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An at-a-glance look at recent developments in the commercial payments sector with links to related topics in previous issues in the Payment Solutions News archive.
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PNC’s economists provide analysis and forecasts of national, regional and global economic and financial trends.
This Payments Solution News was prepared for general information purposes and is not intended as legal, tax or accounting advice or as recommendations to engage in any specific transaction, and does not purport to be comprehensive. Under no circumstances should any information contained in this newsletter be used or considered as an offer or commitment, or a solicitation of an offer or commitment, to participate in any particular transaction or strategy. Any reliance upon any such information is solely and exclusively at your own risk. Please consult your own counsel, accountant or other advisor regarding your specific situation. Neither PNC Bank nor any other subsidiary of The PNC Financial Services Group, Inc. (“PNC”) will be responsible for any consequences of reliance upon any opinion or statement contained here, or any omission.
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Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
BBVA is a registered trademark of BBVA, S.A. and is used under license.
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