DETROIT, Aug. 7 /PRNewswire-FirstCall/ -- Comerica Bank today announced that its commercial card products have been recognized by The Nilson Report, a leading payment systems publication. The announcement was made by Daniel J. McCarty, senior vice president and director of Treasury Management Services for Comerica, which has offices in Michigan, California, Texas, Arizona and Florida, among other locations.
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Comerica ranked #14 among the nation's 2005 top commercial card issuers, according to the July 2006 edition of The Nilson Report. Comerica also was ranked by the Carpinteria, California-based publication as the:
* 3rd largest issuer of fleet cards; * 10th largest issuer of corporate cards; * 2nd largest issuer of pre-paid commercial cards; and * 15th largest issuer of purchasing cards.
"The rankings underscore our strong commitment to commercial cards and continuing ability to manage a wide array of related products for our customers," said McCarty. "We jumped from 20th to 14th overall among all commercial credit card issuers, a much faster pace than our competitors, so we are extremely pleased by these results."
Comerica's Commercial Cards are a family of products that include Corporate, Fleet, Purchasing, Stored Value, and Multi-Cards, plus a Corporate Paperless eCard. The cards are designed to help owners and managers of businesses reduce administrative costs, and time and effort, while increasing control over routine expenses. Each card is MasterCard® branded, secure, and backed by Comerica's unparalleled customer service.
Comerica Bank is a subsidiary of Comerica Incorporated (NYSE: CMA), a financial services company headquartered in Detroit, strategically aligned into three major business segments: the Business Bank, the Retail Bank, and Wealth & Institutional Management. Comerica focuses on relationships and helping businesses and people to be successful. Comerica Bank locations can be found in Michigan, California, Texas, Florida and Arizona, with select businesses operating in several other states, and Canada and Mexico. Comerica reported total assets of $57.1 billion at June 30, 2006. To receive e-mail alerts of breaking Comerica news, go to http://www.comerica.com/newsalerts .
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SOURCE: Comerica Bank
CONTACT: Michigan: Wayne Mielke, +1-313-222-4732, Texas: Pamela Cathion,
+1-713-220-5690, or California and Arizona: Barry Holtzclaw, +1-408-556-5111,
all of Comerica Bank
Web site: http://www.comerica.com/
http://www.comerica.com/newsalerts