“While not all merchants, consumers and other stakeholders are completely on board with Apple Pay, it undoubtedly got a lot of things right – enough to possibly speed up adoption of mobile payments as a whole. But the new payment program specifically excludes one major element: commercial cards.
For now, Apple Pay may have left out corporate cards by design, as we all know projects have multiple phases. It’s a matter of if, when and how they will move it forward.
According to the Global Business Travel Association (GBTA), the 2014 corporate travel spending projection reached $292 billion. Commercial cards, also called purchasing or corporate cards, are issued to businesses as an alternative way to finance expenses for travel, as well as for supplies, entertainment, and other items or services that require a purchase order.”
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