B2B New Focus for Visa, Mastercard, Amex
Card conglomerates, including Visa, Mastercard and American Express, grabbed multiple headlines in 2018 centered on their adoption of commercial cards as well as their investments in fintech innovations to digitize B2B payments and attack a multitude of its pain points.
Among the biggest headlines was Visa’s February announcement that it acquired longtime partner Fraedom, an expense management company that was already powering Visa’s IntelliLink Spend Management platform. The takeover clearly signaled Visa’s investment in not just promoting commercial card adoption, but integrating new functionality to streamline payments and add new features for its corporate customers. Source.