CHANGE IS COMING


Regulatory changes in the payment sector have the potential to make things more complicated for travel buyers, but to what extent?


20 BBT CORPORATE CARDS SUPPLEMENT 2018


M


anaging a company card programme has always been complicated stuff for buyers. But now, as


if figuring out liability options, credit terms, account system integrations and competing needs of different internal stakeholders weren’t head-scratching enough, an additional layer of complexity has emerged: understanding how new regulatory and political developments could affect your payment choices. Like all financial services, corporate


payments are inevitably touched by regulation. But in 2018 there is more legislative change happening than usual. While that is problematic enough in itself, it is the limited confirmation of exactly how these changes will affect corporate card programmes that is compounding the confusion. There is some evidence the commercial


card sector is feeling the chill as a result. “Requests for proposal have slowed down in the last year because of Brexit, the Interchange Fee Regulation (IFR) and other regulatory uncertainties,” says


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