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The Net Best Thing: Purchasing Card Update

Tags » Commercial Payments

Andrew K. Reese writes for Supply & Demand Chain Executive on the current state of purchasing card adoption and what American Express, MasterCard, Visa and GE have in their 2006 plans for their purchasing card products.

Purchasing card programs have been around since the 1980s, but p-cards still represent a minute percentage of total corporate transactions. In fact, according to the Commercial Consumption Expenditure Index put out by card company Visa, purchasing cards account for just 2 percent of B2B spending in the United States.

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