PaymentsJournal
SUBSCRIBE
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
No Result
View All Result

American Express Hires Nicholas and Sebastian to Spearhead Commercial Card Business

Steve Murphy by Steve Murphy
March 24, 2017
in Analysts Coverage
0

Closeup on a man's hands as he is sitting on a sofa and using a smartphone

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

This article summarizes some personnel changes in the American Express Global Commercial Services (GCS) business, where they have recently experienced tepid card spending results. While travel-related commercial card programs have somewhat predictable organic growth tied to travel budgets, B2B card payments in general have a much higher growth ceiling given the overall level of global business activity and continued trend towards digital corporate payments. It is in this space where cards has seen a steeper growth slope, driven mainly by continued adoption of virtual card payments in corporate payables systems.

“Large corporations are partnering with American Express to create simplicity and efficiency in a customized way for their corporate payments programs, with a goal of optimizing spend across the full supply chain. Andy and Ken are helping us effectively respond to this growing demand across the globe,” said Lisa Marks, Senior Vice President/GM of American Express Global Business Development, Global Commercial Payments.

This is a seemingly clear move to continue focusing on B2B as a global business opportunity. This was also highlighted as a goal in recent investor presentations so indicates a reaffirmation that AEXP has a commitment to pursuing greater results in large market B2B payables.

Overview by Steve Murphy, Director, Commercial and Enterprise Payments Advisory Service at Mercator Advisory Group

Read the fulls story here

Tags: Credit
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

    Analyst Coverage, Payments Data, and News Delivered Daily

    Sign up for the PaymentsJournal Newsletter to get exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    debit cards, Gen Z

    Debit Builds Consumer Loyalty Among Gen Z and Other Top Demographics

    June 7, 2023
    check fraud

    Check Fraud: The Threat is Real

    June 6, 2023
    smart banking

    Smart(er) Banking Requires More Than Just Tech

    June 5, 2023
    Google Wallet Expands Features

    Google Wallet Continues to Bet on Digital with Expanded Features

    June 2, 2023
    digital value

    How Embracing Digital Value Can Help Solve the B2C Payments Conundrum

    June 1, 2023
    instant payments, real-time payments, RTP

    Banks Developing Instant Payments Products in the U.S. Should Focus on Billers to Generate New Revenue Streams  

    May 31, 2023
    Digital Wallet Use Delivers on Convenience and Security

    Digital Wallet Use Delivers on Convenience and Security

    May 30, 2023
    5 Ways to Protect Your Financial Institution from a Cyberattack

    5 Ways to Protect Your Financial Institution from a Cyberattack

    May 26, 2023

    Linkedin-in Twitter

    Advertise With Us | About Us | Terms of Use | Privacy Policy | Subscribe
    ©2023 PaymentsJournal.com

    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    Menu
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    • Industry Opinions
    • Recent News
    • Resources
    Menu
    • Industry Opinions
    • Recent News
    • Resources
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Industry Opinions
    • Faster Payments
    • News
    • Jobs
    • Events
    No Result
    View All Result