Lloyds Bank completes first digital trade transaction under new UK legislation
Lloyds Bank has completed what it believes to be the first transaction under the UK’s new Electronic Trade Documents Act (ETDA) which came into force today.
  
  
          Press releases from Lloyds Banking Group and its brands
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Lloyds Bank has completed what it believes to be the first transaction under the UK’s new Electronic Trade Documents Act (ETDA) which came into force today.
Lloyds Bank has partnered with Fiserv (NYSE: FI), a leading global provider of payments and financial services technology, as the first bank to widely offer wholesale FX rates to UK and European merchants for dynamic currency conversion (DCC) on card transactions.
Working 9 to 5? Not a way to make a livin’ for today’s kids, as two thirds (66%) of children don’t fancy a traditional job working for ‘the boss’ in the future, according to the latest Halifax Pocket Money Review.
Lloyds Banking Group has invested €3 million in technology company Enigio to expand its use of digital documentation in trade.
Business confidence rose by 10 points to 41% in August to reach the highest level since February 2022 (44%), just prior to Russia’s invasion of Ukraine.
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