Chase Manhattan Corp.'s announcement this week of its corporate purchasing card indicates not only that this new segment of the credit card market is heating up, but that Chase intends to be a major factor in it.

Chase, one of the top five bank credit card issuers, said Monday that it would offer its corporate customers a Visa purchasing, or procurement, card designed for use in small-ticket transactions averaging less than $250.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.