Euroline, a business unit within SEB Kort AB, a subsidiary to Skandinaviska Enskilda Banken AB (SEB), has entered a central acquiring agreement with Air France. The agreement came into effect in December 2006, according to which Euroline will centrally acquire Air France’s credit card transactions covering 75 countries. Central acquiring allows airline companies to centralise processing of credit card sales from multiple countries with Euroline, instead of signing up with separate acquirers for each country of sale. Potential advantages to central acquiring for businesses include enhancement of internal administration processes, fast settlement for card purchase transactions and a streamlined management information system covering international sales. Since Euroline first offered central acquiring in 2000, airlines such as SAS, KLM, Alitalia, Spainair and Aeroflot have signed up to the service.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
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Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.