Commercial Payments Factbook

This report offers a data-rich, sector-by-sector breakdown of the U.S. commercial payments market, helping readers understand how $175 trillion in real-economy business payments move through U.S. payment systems. It provides clarity on which instruments dominate in value and volume, how usage has shifted in response to macroeconomic trends, and where emerging products like virtual cards and Same Day ACH are gaining ground. The report draws from a wide range of data sources, including Federal Reserve transaction studies, IRS financial practices benchmarks, and Census Bureau revenue data, to present a comprehensive picture of the factors driving the evolution of the U.S. commercial payments ecosystem. 

Readers will benefit from detailed insights into industry-level payment behavior, including metrics like days payable outstanding, days sales outstanding, inventory days, and funding gaps. These benchmarks help uncover where liquidity constraints are most acute and where opportunities exist for payment solutions that improve working capital efficiency. The report also explores emerging market factors, like the growing role of smaller banks and fintechs in enterprise payments, expanding use cases for commercial cards, and the potential implications of factors such as new tariffs. Whether you’re designing a product, building a go-to-market plan, or sizing an addressable market, this factbook is an essential tool for navigating the landscape of U.S. commercial payments. 

Key questions discussed in this report:

• How big is the overall U.S. commercial payments market, and how much do individual sectors contribute?
• Which commercial payment products have the most significant share and/or are seeing the greatest growth?
• What forces are having the most significant impact on the U.S. commercial payments market?

Companies Mentioned:

Bank of America Corp., Bank of New York Mello, Corp., Capital One Financial Corp., Citigroup, Fifth Third Bancorp, J.P. Morgan Chase & Co, Mastercard, Nacha, PNC Financial Services Group, Regions Financial Corp., U.S. Bancorp, U.S. Federal Reserve, Visa, Wells Fargo & Co.