Euroline, a business unit within SEB Kort AB, a subsidiary of Skandinaviska Enskilda Banken, have concluded a Central Acquiring agreement with KLM Royal Dutch Airlines. The agreement, which came into force on 1st June 2002, will mean Euroline handling the acquiring of KLM’s card transactions centrally. The agreement covers payments in nine European countries, namely Switzerland, Russia, Poland, Hungary, Holland, Norway, Denmark, Finland and Sweden. Which means that in Holland, Euroline also successfully out- competed KLM’s local redemption company. Central Acquiring means a single agreement with Euroline for all credit card sales with MasterCard and Visa cards, from all countries and in any currency. The benefits include lower administrative costs and promotion in efficiency, management information in a uniform format and partnership bonds between the Airline and Euroline.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more