As part of our on-going thought leadership programme - to help you navigate the changing payments landscape - we sat down with Lloyds Bank’s Chief Economist Patrick Foley for his insight on what businesses should expect in the year ahead.
Good Management Information (MI) is crucial to running an efficient business, keeping track of payments and controlling cashflow. However, the level of information needed differs between businesses, and so Lloyds Bank Cardnet offers three distinct systems to meet MI needs. Here we explore the differences between the systems, and how they can each be used to meet business requirements.
Business Track launched to help merchants stay on track
The amount of information available to a merchant has risen in line with the growth of card payments, which topped £0.5trn in the UK in 20141, they can sometimes feel bombarded with too much data. After customer research revealed demand for a system to streamline and simplify admin, Lloyds Bank Cardnet launched Business Track.