Citi has issued a corporate Chip and PIN card designed for US corporate cardholders travelling abroad. The compliant smart cards, which include an embedded microprocessor, were developed in direct response to clients’ needs to use their US commercial cards while travelling to regions where merchants are more familiar with chip cards and for use at un-manned kiosks where an agent is not always available to run the transaction through a point-of-sale (POS) device.
There are now over one billion chip card users (both consumer and commercial) outside the US, with chip cards the dominant technology in many parts of the world. The new technology will be rolled out to US clients in a phased approach beginning this month.
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.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.