Nilson Report

Issue 1198 | May 2021


Companies featured in this issue include:

Top Issuers of Commercial Cards in the U.S.

Purchase Volume on U.S. Commercial Cards by Type with Market Share and Change in Purchase Volume

U.S. Visa & Mastercard Commercial Card Issuers Ranked by Purchase Volume in 2020

U.S. Corporate Cards

Purchase Volume on Corporate, Purchasing and Fleet Cards in the U.S.—2016 through 2020

U.S. Purchasing and Fleet Cards

Commercial Prepaid Cards in the U.S.

U.S. Business Credit Cards

U.S. Business Debit Cards

Publicly Traded Companies in Payments

Purchase Volume on U.S. Commercial Cards by Type with Market Share

Purchase volume on commercial cards issued in the United States totaled $942.2 billion in 2020 with purchasing/fleet and corporate cards accounting for a combined 34%, followed by business credit with 31%.

$321.6 billion
Small Business Credit
$286.2 billion
Small Business Debit
$173.0 billion
$161.3 billion

Full access to the Purchase Volume on U.S. Commercial Cards by Type results including market share and change in purchase volume is available when you subscribe to the Nilson Report.


POSTED MAY 31, 2021 | PRINT ACH Payments for CNP Merchants

Card-not-present (CNP) merchants in the U.S. can offer automated account-to-account payment acceptance through a hosted service available from 

Buyers enter their bank routing number and account number to make payments, which are settled through the automated clearing house (ACH) network. 

Merchants pay a flat fee per transaction. A larger amount is paid if they want additional authentication of the buyer and their credentials to help protect against payments returned for non-sufficient funds. says the pricing is lower than the current Federal Reserve mandated fees tied to debit cards. 

The company can also provide sellers the option of promoting lower prices to buyers if they make an account-to-account payment instead of using a credit card. 

The ACH settlement process is fully automated. Adding ACH acceptance is easy for virtual terminals, mobile payments, email and SMS invoices, recurring billing, IVR payments and hosted payment portals. 

Because credit card processing is so competitive, acquirers are constrained from increasing their margins with merchants. ACH payment acceptance can boost margins up to 25 basis points per transaction. handled nearly $6 billion in purchase volume in 2020 and over 80% was ACH payments. The company grew more than 35% last year.


Jason Estes is Chief Executive Officer at in Fort Myers, Florida,,

Prior issue: 1192

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