Commercial Credit Cards in High Inflation

Payments Journal: Rethinking Commercial Credit Cards in a High Inflation Environment

The United States, and much of the world, is facing an inflationary environment not seen in more than 40 years. Persistent, high inflation is proving to be stubborn and shows no sign of slowing down. This greatly affects businesses buying goods and services because it increases their prices and makes running their business more costly. On the supplier side, any delay in receiving payment for a product from a business means that money is worth less when they receive it than when they submitted an invoice. The typical method of paper check in business-to-business payments is less effective for all parties involved during times of inflation. These reasons are why commercial credit card payments are rising in popularity. [Payments Journal]