Lloyds Bank said it has expanded its partnership with consumer-centric commerce platform FreedomPay. The British banking giant announced Wednesday (Oct. 11) that merchants using its Bank Cardnet now have access to FreedomPay’s payment processing capabilities. “The fully integrated, patented technology offers Lloyds Bank Cardnet customers the flexibility...
Businesses have long relied on debit and credit card transactions, but digitization is ushering a new era of more secure electronic payment options, such as virtual cards, in the business-to-business (B2B) payment landscape. Findings detailed in a PYMNTS Intelligence report titled “B2B Digital Payments: Virtual...
Visa has teamed with Lloyds Bank to launch a virtual card solution for businesses. “Available now to Lloyds Bank customers, Visa Commercial Pay addresses businesses’ payments and purchasing administration challenges, such as controlling spend, simplifying processes, reconciling invoices, and reporting on expenditure,” the company said in a news release Wednesday...
Lloyds Bank formed a foreign exchange (FX) partnership with payments company Fiserv. The collaboration makes Lloyds the first bank “to widely offer wholesale FX rates to U.K. and European merchants for dynamic currency conversion (DCC) on card transactions,” Fiserv said in a Tuesday (Sept. 19)...
March 31, 2020
Digital and mobile banking may be more popular than ever, but it would be a mistake to count out the power of in-branch services just yet. Consumer surveys have found that 75 percent of financial institution (FI) customers place a great deal of importance on branch visits, with 70 percent visiting banks on a monthly […]
April 15, 2024
Lloyds Bank Business & Commercial Banking has appointed Linda Weston to the newly created position of head of commercial cards, effective in June. Weston will join the bank with 25 years of experience in the cards and payments industry, including roles at Barclaycard Payments, J.P. Morgan and RBS, Lloyds Bank said in a press release […]
October 11, 2023
Lloyds Bank said it has expanded its partnership with consumer-centric commerce platform FreedomPay. The British banking giant announced Wednesday (Oct. 11) that merchants using its Bank Cardnet now have access to FreedomPay’s...
September 27, 2023
Visa has teamed with Lloyds Bank to launch a virtual card solution for businesses. “Available now to Lloyds Bank customers, Visa Commercial Pay addresses businesses’ payments and purchasing administration challenges, such as controlling...
September 19, 2023
Lloyds Bank formed a foreign exchange (FX) partnership with payments company Fiserv. The collaboration makes Lloyds the first bank “to widely offer wholesale FX rates to U.K. and European merchants...
