David Sear, Travelex Global Business Payments, to Speak at International Payments Summit

London - 9 March 2010

David Sear, Divisional Managing Director of Travelex Global Business Payments, will be speaking on 10th March 2010 at the International Payments Summit (IPS) in London. Following his speaking engagement at SIBOS last year, Mr. Sear will focus on how social networking is facilitating the rise of the payment institution and predict that innovation in business-to-business payments will follow this trend.

Using the evolution of social networking as an example, Mr. Sear will show how payment institutions can utilise the paradigm of many-to-many as a growth strategy. He will also discuss how payment institutions are best positioned to fully exploit payment innovation in the b2b arena.

Mr Sear says, “Corporate payments will be revolutionised in the 2010’s in the same way consumer payments changed in the nineties, but it will be the new breed of payment institutions that will deliver.

“Armed with secure networks, global operations, service level agreements and compliance expertise, payment institutions are well placed to ride the wave of new payment channels in the b2b world. The convergence of payments networks and the lack of technology investment is creating a new demand for robust payment infrastructure, with the convenience, simplicity and cost efficiencies associated with the b2c world.”

Mr. Sear has full responsibility for Travelex Global Business Payments worldwide, which specialises in international and domestic payments, as well as innovative payment solutions. Travelex Global Business Payments is trusted by over 35,000 businesses worldwide to manage their international payments and foreign exchange requirements.

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