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.
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