Industry News
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Small Business Credit Cards: The Key to Richer Customer Relationships
“…small business owners are frustrated with their inability to get credit quickly”
“The U.S. small business credit card space appears to be both a sluggish product vertical and a critically underserved market representing opportunity at the same time.”
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Credit Card Market Share Statistics:
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4 Key Trends Driving the Credit Card Market:
“smaller issuers like community banks and credit unions must innovate, differentiate and leverage their unique assets to successfully compete”
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Business Credit Card Statistics:
“Small-business cards account for $430 billion in spending, or about 1 in every 6 dollars spent on general purpose cards.”1
1 Mercator Advisory Group, Small Business Credit Cards: The Key to Richer Customer Relationships, November 2015