Getting with the times! 80 per cent of 85–95-year-olds now pay with contactless Retail A record 93.4 per cent of all in-store card transactions up to £100 were made using contactless , according to a new study by Barclays, as the payment method traditionally used by youngsters goes mainstream.
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End of cash… and cards? Barclays says record 91 per cent of transactions were contactless last year Staying in touch Just over nine in 10 (91.2 per cent ) card transactions made last year where paying by contactless would have been an option did use this technology, according to data from Barclays. The bank said this is the highest proportion it has seen, with 85.6 per cent of eligible card transactions being contactless in 2021. [...]
Contactless payment value soars after limit is loosened March 16, 2022 The average contactless payment has surged almost 30 per cent in value in the past six months after the limit on payments was hiked from £45 to £100 in October.
Contactless payments surge as cash continues to spiral January 26, 2022 Contactless payments surged over 40 per cent last year as entertainment and hospitality rebounded and cash usage continued its decline, new data has revealed.
Cash no longer king: Lloyds says 90 per cent of payments now by contactless card September 2, 2022 Face-to-face transactions in cash are near to becoming extinct, as the pandemic-driven shift to convenient contactless takes hold. New figures from Lloyds Bank claims there has been a huge spike in the use of contactless payments on debit cards rising from 65 per cent in June 2019 to 87 per cent in 2022. The move away [...]
Eurostar to launch contactless fast-track service from St Pancras December 6, 2021 Eurostar announced this morning the launch of a contactless fast-track service operating from London St Pancras station. Developed alongside biometric technology manufacturer iProov, the service allows business travellers and loyalty card holders to complete ticket verification and UK exit checks on their phone before departure. Using iProov’s biometric technology, passengers can pass through smart gates, [...]
Contactless limit to rise to £100 from October August 27, 2021 The limit for spending on contactless cards will reportedly rise from £45 to £100 on October 15. In March, Rishi Sunak confirmed that the payment limit would be raised in order to boost businesses as the UK recovers from the Covid-19 pandemic. UK Finance, an industry body which represents banks, today confirmed that the changes [...]
Contactless limit to rise to £100 from October – CityAM : CityAM August 27, 2021 The limit for spending on contactless cards will reportedly rise from £45 to £100 on October 15. In March, Rishi Sunak confirmed that the payment limit would be raised in order to boost businesses as the UK recovers from the Covid-19 pandemic. UK Finance, an industry body which represents banks, today confirmed that the changes [...]
iPhone users urged to remove Visa from Apple Pay due to dangerous contactless payments flaw September 30, 2021 Visa as a transport card via Apple Pay should be removed urgently by iPhone users after researchers said they uncovered a flaw that lets fraudsters bypass security and make unlimited contactless payments. The issue could be exploited to make transactions from an iPhone inside someone’s bag, without their knowledge, experts from the University of Birmingham [...]