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

“Business Ambassador 2008” nomination established this year was awarded to V. Ušackas

AB Bank SNORAS, being the patron of the “Partnership Leader” nomination of the International trading palace ICC Lietuva (hereinafter - ICC Lietuva), this year initiated a special prize - “Business Ambassador”. more »

New report says ATM consolidation will continue, ATM transaction volumes will rise

Tremont Capital Group, an ATM-industry consultancy that works closely with the ATM Industry Association, has released its 2009 ATM Industry Fact Sheet, which summarizes the history and current state of the ATM industry. more »

UniCredit is “Best Trade Finance Provider 2009” in CEE, Austria and Poland and “Best Bank for Payments & Collections in CEE 2009”

The renowned magazine “Global Finance” has named the UniCredit Group as the “Best Trade Finance Provider 2009” in CEE, Austria and Poland as well as “Best Bank for Payments & Collections in CEE 2009”. more »

During last year AB Bank SNORAS group earned LTL 41.7 million profit

AB Bank SNORAS group, which comprises AB Bank SNORAS, AB “Latvijas Krājbanka” operating in Latvia and 19 other companies, during last year, according to unaudited data, earned LTL 41.7 million profit. more »

Parex banka to expand relationship with American Express

At a meeting this week, Nils Melngailis, the Chairman of Parex banka, and Alex M Furber, American Express Vice President in Central and Eastern Europe, agreed to explore further options for co-operation. more »

DnB NORD Bankas’ strategic initiative - to become financial guide to its customers

The country’s residents wish to have a clear understanding of financial services they use and are ready to make their final decision only when the advantages or disadvantages of each option is evident to them. more »

Thales selects degaussing specialists for Lithuanian minehunter contrac

Thales UK`s naval business recently announced the signature of an important sub-contract with Swedish company Polyamp AB for the supply of mine warfare degaussing systems for its new Lithuanian warship reactivation programme. more »

Stanford clients swarm banks

Hundreds of anxious depositors are rushing to pull out their money from banks affiliated with the Texas billionaire Allen Stanford accused of fraud. more »

MEPs set to back VAT cut for everyday items

VAT cuts for things like household repairs, care services, audio books and beauty treatments are likely to be backed by MEPs on Thursday. more »

MEPs set to back international whaling ban

MEPs are calling for tough new measures to be taken against whaling. more »