German electronic payments (e-payments) processor B+S Card Service (B+S), which operates in 14 countries across Europe, has launched in the UK.
The group said that in addition to traditional payment transactional solutions its range of value added propositions including multi-currency settlement and it is one of a limited number of acquirers in the UK to offer acceptance of China Union Pay (CUP).
In April 2013 the UK is set to relax travel visa procedures for Chinese citizens making it a more appealing destination for Chinese tourists who, it is estimated, spend 30% more than other nationals when on holiday. With many Chinese citizens possessing one of the two billion CUP cards in circulation and attracted to luxury European brands, CUP acceptance is set to become increasingly profitable for UK merchants as CUP has an average spend of £2,000 per transaction.
Apps are a critical part of treasury's shift into mobile banking as 67% of treasury and corporate finance professionals said mobile banking services are of particular interest to them in a recent survey.
The fact that the world’s biggest technology firms are branching out into the physical world is a huge opportunity for traditional business models, said inspirational speaker Laurent Haug told treasurers at the BNP Paribas Cash Management University.
It’s no secret that technology is rapidly changing the face of treasury. Joseph Reger, fellow and chief technical officer in EMEIA at Fujitsu, believes that 2018 will be a coming of age for both artificial intelligence and the Internet of Things (IoT).
Despite being behind the likes of Europe and China, the US payments industry is now rapidly advancing, said Anish Kapoor, CEO of AccessPay told GTNews in an exclusive interview.