HSBC to issue contactless credit cards to corporate customers

HSBCHSBC is to issue contactless credit cards to its 575,000 Business Credit and Corporate Credit customers in the UK. HSBC says the the cards will allow businesses to better manage their cash flow while offering greater visibility and control by allowing them to better track and report on smaller purchases.

Businesses will also use contactless payments for procurement and employee expenses, and to improve efficiency in keeping corporate and personal spend separate, says the bank. The new functionality will complement other contactless card facilities offered by HSBC, including Business Debit Cards, which saw a 300% increase in contactless usage in 2015.

Frances Howell, HSBC’s UK head of payments and cash management, said, “Contactless payments are the fastest growing means of card payments, with customers demanding greater flexibility in the way they spend their funds. Through the introduction of contactless functionality, we’re helping our business and corporate customers better manage their finances by making it simpler and more efficient to do business.”

There are almost 300,000 bank-owned terminals available in the UK where cardholders can make a contactless transaction, which is an increase of 46% over the last year.

Tags: , ,

Categories: Contactless Payments, Other

CONNECT with Contactless Intelligence

Connect with us here

Trackbacks/Pingbacks

  1. The PAY.band- A Fast, Safe & Easy Way To Pay! - January 20, 2016

    […] utilize web and mobile receipts for expense reports. Just today HSBC announced they’re to issue contactless credit cards to its 575,000 Business Credit and Corporate Credit customers in the UK. It will be interesting to […]

  2. 7 Ways To Invigorate Mobile Payments – Mobile POS Systems - January 24, 2016

    […] utilize web and mobile receipts for expense reports. Just today HSBC announced they’re to issue contactless credit cardsto its 575,000 Business Credit and Corporate Credit customers in the UK. It will be interesting to […]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: