Payments Cards & Mobile Jobs of the Week June 07

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As we all start returning to a normal, Covid-free life, a lot of us may start looking to make some changes. Especially when it comes to our careers. For the last 18 months or so, we’ve all been doing our best to keep our heads above water, but now feels like a great time to change things up, right?

3 brilliant companies that are actively hiring now

If you are looking for a new and exciting role, then you are most certainly in the right place. We have so many amazing companies posting roles on the regular, and this week

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Banks should seize the opportunity to serve SMEs better

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Small and Medium Enterprises (SMEs) are the backbone of Europe’s economy. European Union[1] data shows that SMEs account for 99% of all businesses by number across the bloc, while in major markets such as Germany, SMEs can account for up to 82% of all economic value created.

Banks should seize the opportunity to serve SMEs better

In a new white paper, Johan Strand, Chief Financial Officer at Zimpler, argues that SMEs need better payment services as they recover from the pandemic.

Europe’s banks should seize this opportunity to improve their payment services, cement relationships with SMEs and grow revenues.

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Virtual cards to provide catalyst for commercial card spending

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An impressive €42.7 billion was spent on European virtual commercial cards in 2019, accounting for 12% of total commercial card spending, according to RBR. Virtual card expenditure in the region increased at an average of 32% per year between 2016 and 2019.

Virtual commercial cards are digital card numbers generated centrally or instantly issued, which are distinct from tokenised versions of plastic cards in mobile wallets. They are offered primarily by specialists, but increasingly also by traditional bank issuers.

Cards are widely used for booking flights and procurement

The study reveals that cards associated with travel represented 83% of

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How to boost payments performance

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Payments can fail for multiple reasons. The challenge merchants face is understanding why. The best way to gain that understanding is to have access to the response codes generated by issuing banks every time a transaction is approved or rejected.

Response codes are extremely powerful data points. They tell merchants with precise detail exactly why a payment has failed.

With this information, merchants can take appropriate action immediately to ensure the payment is successfully authorised. And they can use the data to spot trends and develop proactive strategies that stop the payments from failing in the first place.

Yet, unfortunately,

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