Benzinga.com
0
All posts from Benzinga.com
Benzinga.com in Benzinga.com,

Virtual Cards: The Large 'Untapped' Market That Could Disrupt Commercial Payments

With Benzinga Pro's real-time news feed and data platform, you can be the first to receive breaking headlines... Start your first month today for only $1.

FleetCor Technologies, Inc. NYSE:FLT - Virtual Cards: The Large 'Untapped' Market That Could Disrupt Commercial Payments
  • Deutsche Bank maintained a Buy rating on FleetCor Technologies with a price target raised to $184 from $170.
  • The company is "best positioned" to continue capturing growth within the virtual card market can grow from $83 billion in 2015 to $160 billion in 2018 and over $500 billion by 2024.

Virtual cards could serve as a "catalyst" for card adoption in commercial and business-to-business (B2B) payments which could double US purchase volume to $160 billion by 2018 (reaching above $500 billion by...


More