PaymentsJournal
No Result
View All Result
SIGN UP
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
PaymentsJournal
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
No Result
View All Result
PaymentsJournal
No Result
View All Result

Discover IT: Back to Business

By Brian Riley
September 12, 2018
in Analysts Coverage, Credit
0
2
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
announcement

announcement

Discover announced their re-entry into the small business card market today; they left the business segment before the recession.  Mercator projected their return when we covered the small business market earlier this year.  We believe it is a high growth segment for the network and that discover will heighten competition, particular for the ultrasmall business market.  It will be a while before Discover can address Fortune-500 companies, but for mainstream small business USA, this could be a home run.  According to the US Census, 21 million Americans work at business with less than 20 employees.

The card looks competitive.

  • “We’re looking forward to providing Discover’s unparalleled customer experience—from rewards, to security and customer service—to business owners so they can focus on the things that matter most, like serving their customers and growing their businesses.”
  • The new card offers unlimited 1.5 percent cash back on all purchases, as well as free business and security features, all with no annual fee.

Competition is stiff with leading offers by American Express, Capital One, Chase and other top issuers which we cover in the small business report.  We project card spend at almost $700 billion by 2022.  Today, branded network cards carry $273 billion in small business spend and American Express services another $220 billion.

Overview by Brian Riley, Director, Credit Advisory Service at Mercator Advisory Group

2
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
Tags: American ExpressCapital OneChaseDiscover

    Get the Latest News and Insights Delivered Daily

    Subscribe to the PaymentsJournal Newsletter for exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    Making Real-Time Payments a Reality

    Fulfilling the Promise: Making Real-Time Payments a Reality

    July 10, 2025
    mortgage

    The Rich Benefits of In-House Payment Systems

    July 9, 2025
    digital cards

    Beyond Plastic: Why Digital Cards Are the Future

    July 8, 2025
    What Premium Card Overhauls by Chase and Amex Reveal About the Credit Card Market

    What Premium Card Overhauls by Chase and Amex Reveal About the Credit Card Market

    July 7, 2025
    Rewire Acquires Imagen, Looking at Prepaid Cards for Migrant Workers

    Smells Like Team Spirit: What Makes Cobranded Credit Cards Work

    July 3, 2025
    uk banking outages

    New Continuous Strategies for Battling Account Takeovers

    July 2, 2025
    Fraud Monitoring

    What to Expect When Nacha’s Fraud Monitoring Rules Take Effect

    July 1, 2025
    payments

    Don’t Just React to What’s Next in Payments—Anticipate It

    June 30, 2025

    Linkedin-in X-twitter
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter

    ©2024 PaymentsJournal.com |  Terms of Use | Privacy Policy

    • Commercial Payments
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    No Result
    View All Result