The U.S. Fleet Card Market Still Has Legs
- Date:August 01, 2017
- Steve Murphy
- Research Topic(s):
- PAID CONTENT
In the new research report Mercator Advisory Group delves into the market drivers and opportunities along with possible headwinds that challenge a payments industry segment dominated by several key competitors.
"The fleet card industry is an esoteric space, dominated through gradual consolidation by two major closed-loop players. In order to continue their growth and hedge against fuel-centric revenue bases, the companies are pursuing broader payments and payables strategies, including international expansion and increasing open-loop presence” commented Steve Murphy, Director of Mercator Advisory Group’s Commercial and Enterprise Payments Advisory Service, author of the report. “However, the fleet business in the U.S. still has some room for transaction growth through flexible business models, new technology, and further program penetration into the non-adopter market areas through targeted segmentation,” he added.
The document is 17 pages long and contains 7 exhibits.
Companies mentioned in this research Viewpoint include: Fleetcor, Fleetmatics, Geotab, Greenroad, MasterCard, Omnitracs, Teletrac Navman, Trimble, TSYS, U.S. Bank/Voyager, Visa, and WEX.
- Overall commercial card volumes and how fleet cards fit in the picture
- Breakouts of both closed-loop and open-loop network share
- Market forces that support continued fleet card demand
- Potential longer-term impact of alternative-fuel vehicles
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