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Payment Solutions News | Commercial Payment Trends
Commercial Payments News Update
According to NACHA, $11.6 trillion was transferred via ACH in 2Q17, up 6% y/y.
The Electronic Payments Association announced the launch of same-day ACH for debit payments.
Recently covered in the Winter 2016 issue, discussed the launch of same-day ACH for ACH credits in September 2016, and same-day ACH for debits in September 2017.
Recently covered in the Fall 2016 issue, focused on the need for faster payments to mirror the increased pace of business, and summarized PNC’s investments in technology-based solutions.
Recently covered in the Summer 2017 issue, as part of a broader discussion of PNC’s corporate card solutions, announced the introduction of mobile payments functionality for its corporate cards.
The Global Business Travel Association reported that U.S. businesses spent $424 billion on domestic business travel in 2016. The average amount spent per business trip fell 2% to $520.
Recently covered in the Summer 2017 issue, concentrated on business travel, identifying challenges and opportunities for businesses, and summarizing PNC’s range of payment solutions to serve the needs of both business travelers and travel program administrators.
The Nilson Report published data on 2016 corporate card and purchasing card volume for Visa/Mastercard issuers. Purchasing and fleet card purchase volume rose 6.3% to $248.3 billion. Corporate card volume rose 10.3% to $46.9 billion.
Recently covered in the Summer 2017 issue, which highlighted the key features and benefits of PNC’s corporate card suite.
- 449 million Visa chip cards in circulation (+37% y/y). 62% of Visa credit and debit cards are chip cards.
- 2.3 million merchant locations accept chip cards (+77%). 50% of U.S. storefronts now accept chip cards.
- 1.2 billion Visa chip transactions (+151%)
- $58.4 billion Visa chip payment volume (+101%)
Recently covered in the Spring 2015 issue, which published statistics on the emergence of EMV in the U.S., and in the Winter 2014 issue, which discussed enhanced versions of PNC corporate cards, including the addition of EMV functionality. Recently covered in the Winter 2016 issue, announced the introduction of the Dynamic Discounting module as part of A/P Advantage.
Paystream Advisors published the 2017 AP & Working Capital Report, which focused on dynamic discounting. 
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Important Legal Disclosures & Information
 NACHA (June 26, 2017). ACH Transactions to Top Checks as Top Form of B2B Payment by 2020: New Survey [Press Release]. Retrieved from www.nacha.org/news/ach-transactions-top-checks-top-form-b2b-payment-2020-new-survey.
 “Five Technology Trends in Business Payments,” Top Tech News, May 2, 2017.
 “Survey: Mobile payments top retailers' tech priority lists,” Retail Dive, April 17, 2017.
 GBTA (July 17, 2017). Business Travel Responsible for $547 Billion in U.S. GDP in 2016, Creates Over 7.4 Million Jobs [Press Release]. Retrieved from www.gbta.org/foundation/pressreleases/Pages/rls_071717.aspx.
 The Nilson Report, July 2017.
 Visa Chip Card Update: June 2017.
 “Dynamic Discounting A Must For More AP Departments, Report Finds,” PYMNTS, August 24, 2017.
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.
PNC and PINACLE® are registered marks of The PNC Financial Services Group, Inc. All other trademarks are the property of their respective owners.
EMV is a registered trademark in the U.S. and other countries, and is an unregistered trademark in other countries, owned by EMVCo.
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