The launch of Orange and Barclaycard’s ‘Quick Tap’ m-payment service will enable subscribers to purchase items in 50,000 UK stores by simply tapping their handsets against dedicated point-of-sale registers. With industry giants such as Apple and Google planning to roll out similar services of their own, the NFC trend is clearly poised to take off. However, managing the sudden rise in m-payment expenses could be challenging for enterprises, and in terms of keeping track of what employees are buying with their mobiles.
Recent reports from Bloomberg revealed that Google is to start testing a mobile payment service that will encourage shoppers to make proximity payments by simply tapping their handsets against dedicated point-of-sale registers. Coupled with rumours of Apple’s iPhone 5 not supporting NFC technology and the news that leading UK retailers will be trialling mobile payments this year, the issue of ‘wave and pay’ services has never been more topical. However, businesses will have to keep a close eye on what employees are spending when mobile payments become more commonplace in the expense mix.
The Ministry of Justice has now released the final guidance on the UK Bribery Act, describing how companies will soon be liable for prosecution if employees are found to have engaged in bribery anywhere in the world. While the Government has stressed that the legislation will not penalise those businesses that take a common sense approach to spending, the need to demonstrate reasonable and proportionate behaviour leads to several new challenges, making expense management mission critical for business.