{"id":8,"date":"2006-10-24T11:27:00","date_gmt":"2006-10-24T16:27:00","guid":{"rendered":"http:\/\/blog.paymentconsulting.net\/?p=8"},"modified":"2006-10-24T11:27:00","modified_gmt":"2006-10-24T16:27:00","slug":"taking-advantage-of-lower-rates-with-purchasing-cards","status":"publish","type":"post","link":"https:\/\/www.paymentconsulting.net\/Blog\/wordpress\/?p=8","title":{"rendered":"Taking advantage of lower rates with purchasing cards"},"content":{"rendered":"

Hi,<\/span><\/p>\n

We program all of our terminals, software and gateways to do the necessary prompts to take advantage of the lower rates purchasing cards offer.<\/p>\n

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Purchase Cards have been used by government agencies and corporations to streamline their buying processes for 20 years now. The last ten years has seen tremendous growth beyond the initial “early-adopter” and “getting it figured out” phases, and has grown into an established and growing market segment for enterprise payments. In fact, survey data reports that the annual U.S. Purchase Card spending grew from $80 billion to $110 billion between 2003 and 2005.
However, in order for purchase cards to be used by business and government buyers, they must be accepted and processed by merchants.
This article answers some basic questions regarding the use and characteristics of Purchase Cards to help merchants better understand the market context.<\/p>\n

Understanding Purchasing Cards and Their Use: What is a Purchase Card?<\/span><\/h5>\n

On the surface, a Purchase Card may look like your average business or consumer credit card, but a closer examination reveals that Purchase Cards possess more features, capabilities and controls. A typical Purchase Card can be setup to control: <\/p>\n