B2B payments without the pain

Published: 29 July 2005 y., Friday

Co-branded Komerční banka card lets Makro keep its prices low.

Customers of wholesale retailer Makro Cash & Carry who bank with Komerční banka now have the added convenience of making payments with a new co-branded card that carries the logos of both institutions.

The Makro card (Makro platební karta), launched July 1, is an improved version of the My Key (Můj klíč) card — a Komerční banka debit card that is only valid for use at the wholesale retailer. The company launched the card in February 2002. My Key cards will continue to be honored at Makro stores through the end of the year.

A business-to-business wholesale retail chain, Makro caters to small retailers in 30 countries across Europe and in Morocco. Makro offers groceries and typical department store products to small to midsize businesses at wholesale prices. Until now, the chain, known in most countries as Metro, did not accept regular debit cards because the fees increased costs. The new Makro card will not only increase convenience but offer special benefits for the wholesaler, and give the bank the opportunity to reach a wider clientele through Makro's customer base of small to midsize businesses.

Only companies and individual entrepreneurs with business licenses can become Makro customers. The new Makro card will also serve as clients' admission pass to the store.

Šaltinis: The Prague Post
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

EU27 deficit in trade in goods with China of 170 bn euro in 2008

Between 2000 and 2008 EU27 trade in goods with China more than tripled in value, with EU27 exports to China rising to 78 billion euro in 2008 compared with 26 bn in 2000, and imports rising to 248 bn from 75 bn. more »

Euro area external trade surplus 0.4 bn euro

The first estimate for the euro area (EA16) trade balance with the rest of the world in March 2009 gave a 0.4 bn euro surplus, compared with -2.3 bn in March 2008. more »

AB Bank SNORAS distributes two emissions of the fixed interest bonds

On May 18 this year, AB Bank SNORAS begins to distribute two emissions of one-year fixed interest bonds. more »

DnB NORD Bankas revises deposit rates

Taking into account changes on international and domestic money markets AB DnB NORD Bankas, a member of international financial group, has changed time deposit rates for individual customers. more »

Sri Lankan army claims victory

The 25-year Sri Lankan civil war looks to be in its final throes. more »

UK lawmakers in claims row

The sheer scale and nature of taxpayers' cash claimed as allowances by Britain's lawmakers has stunned the nation. more »

Commission sends formal request to Lithuania concerning contract for modernisation of railway radio communication system

The European Commission has decided to send a formal request to Lithuania regarding the award of a works contract by Lithuania Railways for the modernisation of the railway radio communication system through the introduction of a GSM-R system. more »

Economic crisis: the European Parliament's response

The speed and depth of the financial crisis has been brutal and over the last year MEPs have been hard at work on a two-fold approach to the crisis. more »

UniCredit announces its “Green Deal”

The Group commits to reducing its CO2 emissions by 30% by 2020 supporting the “20-20-20” goal set by the EU. more »

SNORAS Spyker Squadron team was the fifth to finish Le Mans Series

This weekend, in the second round of Le Mans Series championship on SPA track, in Belgium, SNORAS Spyker Squadron team that participated there took the fifth high position. more »