Commercial cards, consisting of Business, Corporate, Purchasing and fuel cards, benefit businesses by controlling expenditure and reducing cash handling costs. Nevertheless, according to RBR’s new study Commercial Cards in Europe 2015, in many countries the sector is still not well established, and represents a major, unexploited opportunity for banks. Looking ahead, the issuance of commercial
Over the past few years, small merchants have grown their businesses and accepted credit cards for the first time without having to pay big fees that turned them off initially to taking credit. But big changes are coming, in the form of an all-new type of credit card, and all but certain higher costs. Companies
Fiserv, Inc., a leading global provider of financial services technology solutions, announced the launch of Popmoney for Disbursements, a new service that streamlines and speeds the currently check-dominated process used by businesses to send payments to consumers. The new service is part of a suite of products anchored by the Popmoney personal payment service that
Over half (57%) of international businesses surveyed by Basware and MasterCard admit to having actively delayed paying their suppliers in the past 12 months. The findings underscore a late payment culture, which three out of four businesses now consider normal practice, that is hampering in particular small and medium-sized enterprises (SMEs). In order to break
Businesses are rapidly adopting a third-party operations model that can put payment data at risk.The PCI Security Standards Council, an open global forum for the development of payment card security standards, published guidance to help organizations and their business partners reduce this risk by better understanding their respective roles in securing card data. Developed by
