A Mellon Bank Corp. survey of 600 large companies and government entities found that 47% had a purchasing card program and another 16% intended to implement one.

In the survey, conducted by Mellon's global cash management department in late 1997, 80% of respondents with such programs said they met or exceeded expectations, and 92% said they were satisfied or very satisfied with their current providers.

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.