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.
The US dollar and debt yields falling on the North Korea missile test, treasury being a top target for cyber criminals and why treasurers aren't into real-time payments all hit the latest headlines in the world of treasury this week. Don't miss our ten top news stories from around the world.
Treasurers are being expected to do more work with fewer resources than ever before, so it is little wonder that the automation of day-to-day operations was highly discussed on the second day of EuroFinance, the annual treasury event held in Barcelona this week.
The key points of discussion at 2017's EuroFinance conference in Barcelona on Wednesday were how to deal with the geopolitical uncertainty that is being seen the world over, regulation, automation and cybersecurity.
Chicago based Treasury Management System (TMS) vendor GTreasury and Sydney based risk and treasury management vendor Visual Risk have joined forces in a strategic alliance to ... read more