One of the UK's leading cash-handling banks needed a quick launch into the credit card acquiring business to keep its competitive edge. Alliance & Leicester Commercial Bank chose EDS to help it launch its Merchant Services product. EDS created a hybrid system from two proven existing systems and implemented new...
BRUSSELS (Reuters UK) - The European Commission approved Spanish bank Santander's SAN 1.3 billion pound takeover of mortgage lender Alliance & Leicester ALLL on Tuesday, saying the deal would not harm competition in the sector. Santander, Europe's second-largest bank, already owns UK bank Abbey and...
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