US-based issuers of commercial credit cards have lost profitable business in recent years to companies including Ramp and Brex, providers of high-performing spend management software integrated with corporate T&E, procurement and other payment card products. Modern spend management specialists emphasize the value of fully automating accounts payable (AP) and accounts receivable (AR) features over the actual payment, although they make virtual card issuance frictionless. Banks fell behind in part owing to the slow-to-market pace of service upgrades available from third-party processors o...