Barclays rolling out contactless payment wristband next month June 9, 2014 BARCLAYS will launch a contactless payments wristband for consumers in 2015, called bPay, with trials of the wearable technology starting at sponsored events this year. The company hopes that the device will encourage cash-free payments as consumers increasingly turn to card and contactless payments. The British Summer Time music festival in Hyde Park will be [...]
Barclays rolling out contactless payment wristband next month June 9, 2014 BARCLAYS will launch a contactless payments wristband for consumers in 2015, called bPay, with trials of the wearable technology starting at sponsored events this year. The company hopes that the device will encourage cash-free payments as consumers increasingly turn to card and contactless payments. The British Summer Time music festival in Hyde Park will be [...]
Shoppers pay £520bn by card as death of cash draws nearer June 3, 2014 THREE-quarters of spending in UK shops is paid for on debit and credit cards, the UK Cards Association revealed yesterday. A decade ago, plastic accounted for half of spending in shops. The surge means that shoppers used cards for more than £520bn of spending in 2013, a record high. The figure compares with spending of [...]
Britons leave cash behind in favour of cards June 2, 2014 BRITONS have cut back on shopping with cash by 14 per cent over the last five years as people increasingly turn their backs on coins and notes in favour of card and contactless payments. Cash made up just £27.64 in every £100 spent at retailers in 2013, according to a survey published this morning by [...]
Mobile banking transactions doubled in 2013 March 31, 2014 MORE than 2bn banking transactions will be carried out using mobile apps this year, the British Bankers’ Association said today, in a new landmark for the industry. The number of transactions on mobile phones and other devices more than doubled last year to 18.6m per week, and the pace is accelerating. Currently 5.7m transactions are [...]
Contactless payments rising as TfL and retailers drive adoption March 12, 2014 CONTACTLESS payments on the high street jumped nearly 300 per cent last year, according to figures from Visa yesterday. Visa Europe’s director of contactless Mark Austin said that the 94.3m payments had been spurred by Transport for London’s use of contactless on buses last year and the increasing numbers of retailers installing terminals. Adoption from [...]
The week in brief February 9, 2014 McVitie’s in “family of brands” £12m relaunch United Biscuits has announced a relaunch of its McVitie’s brand, unveiling a £12m multi-media advertising campaign as part of its efforts to accelerate growth for its sweet biscuits category. The food group will introduce updated packaging as part of the campaign, which begun last week with the broadcast [...]
No more cash fares on buses February 3, 2014 London buses will stop taking cash payments from this summer, Transport for London said yesterday. Around one per cent of bus journeys are paid for in cash, with the rest using Oyster cards and contactless bank cards, TfL said. The decision, which follows a trial last year, will save TfL an estimated £24m a year. [...]
Boris tells TfL to create fares for part-timers January 29, 2014 PART-TIME workers will from next year be able to buy more flexible travel cards, the Mayor of London pledged yesterday after setting aside money in next year’s budget to fund the fares. Boris Johnson said the advent of contactless bank card payments on the Tube and bus networks makes it possible “to develop more flexible [...]
Online sales boost Visa January 22, 2014 INTERNET sales soared 18 per cent in the last year in the UK, Visa Europe reported yesterday. That outpaced overall Visa spending which increased by nine per cent in the year to September 2013, to £445bn. Online payments accounted for £110bn of that total, the credit card firm said. Meanwhile contactless payments increased four-fold on the [...]