Payment Solutions News | Commercial Payment Trends



U.S. goods and services trade with Canada rose 7% in 2017 to $681 billion. Exports rose 6% to $342 billion, while imports increased by 8% to $339 billion.[1] U.S. ran a trade surplus of $2.8 billion with Canada in 2017.[2]

Previously covered in the Fall 2017 issue which focused on international trade, outlining opportunities for U.S. companies exporting to and operating in Canada, and how PNC supports these firms through our PNC Canada branch.

PNC is also pleased to announce the launch of the PNC Canadian Commercial Card to serve both U.S. and Canadian firms.

B2B Payments

Payments Journal discussed what businesses need to embrace cards for B2B payments (right virtual card product, support for vendor enrollment, and integration into an automated payment system).


Visa® published its latest Chip Card Update:

  • 2.9 million merchants accepted chip (EMV®) cards in March 2018 (63% of U.S. storefronts now accept chip cards).[3]
  • 97% of U.S. payment volume in March 2018 was on EMV cards.[4]


NACHA published an infographic showing same-day ACH business-to-business (B2B) value of $35.4 billion in 2017 (49% of total same-day ACH credit value). Same-day ACH B2B debit value was $2.3 billion (16% of total same-day ACH value).[5]

In March 2018, banks went live with the third phase of same-day ACH, making funds from ACH credit transactions available to depositors by 5PM on the same day.[6]

Previously covered in the Winter 2016 and Spring 2018 issues which discussed the launches of same-day ACH for ACH credits (in September 2016) and for same-day ACH for debits (in September 2017).


PYMNTS discussed the electronic invoice mandate, in which federal entities will be required to pay suppliers via eInvoice by the end of 2018. Currently, 40% of 19 million federal government invoices are received in paper format.[7]

Previously covered in the Fall 2014 issue which discussed the benefits of electronic invoicing and summarized the invoice automation relationship with Tungsten Network.

Digital Payments

eMarketer estimated that worldwide retail e-Commerce sales rose 25% in 2017 to $2.3 trillion, with mobile accounting for 59% of digital sales.[8]

Previously covered in the Summer 2017 issue which announced mobile payments functionality for corporate cards and in the Winter 2016 issue which discussed the emergence of electronic payments solutions to meet changing business needs.



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Important Legal Disclosures & Information

[1] “US International Trade in Goods and Services: January 2018,” Bureau of Economic Analysis, US Department of Commerce, March 7, 2018

[2] “US International Trade in Goods and Services: January 2018,” Bureau of Economic Analysis, US Department of Commerce, March 7, 2018

[3] Visa Chip Card Update, March 2018

[4] Visa Chip Card Update, March 2018

[5] 2017 Same-Day ACH Volume,

[6] “NACHA Marks the Completion of the Third Phase of Same Day ACH,” NACHA News Release, March 16, 2018

[7] “The US Government’s eInvoice Mandate: Better Late Than Never,” PYMNTS, January 30, 2018

[8] Worldwide Retail and Ecommerce Sales: eMarketer's Updated Forecast and New Mcommerce Estimates for 2016-2021, January 29, 2018

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