Barclaycard Global Commercial Payments has said that newly issued UK Barclaycard corporate cards will be enabled to make contactless transactions. This will give businesses of all sizes greater control to track smaller transactions which are currently made using cash.
Contactless technology allows cardholders to pay for goods of £15 or under by simply holding a contactless-enabled card over a reader. There is no need to enter a PIN or sign for the payment and all transactions will appear on the corporate card statement.
Dennis Bauer, managing director of Barclaycard Global Commercial Payments, said: “As the first corporate card issuer to offer contactless, this is another major step toward Barclaycard becoming the UK’s leading business payments provider. We want to give commercial cardholders the best payments experience possible and will continue to invest in cutting-edge technology to make businesses more efficient and commercial payments easier. Contactless will enable businesses to track smaller transactions which are currently often made with cash. This gives businesses greater control over expenses as well as providing corporate customers an efficient and secure payment experience at the point of purchase.”
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