Tessa Jowell forms business group with former trade minister Mervyn Davies to make London the tech capital of the world July 16, 2015 How can London become the tech capital of the world? That's the question being put to business leaders including former trade minister Mervyn Davies, National Express chairman Sir John Armitt and London Chamber of Commerce chairman Mark Adams today. The group, which has been set up by mayoral hopeful Tessa Jowell, also includes [...]
Apple Pay: How does it work and is it any quicker? A guide for the new contactless payment system July 15, 2015 Apple Pay has finally arrived in the UK. Well, sort of. If you have the right iPhone and the right bank and you shop in the right place and if the sun is shining at just the right angle – then you can use Apple Pay (okay, we made the bit about the sun up). [...]
Apple Pay comes to the UK – but will it change your life? July 14, 2015 Apple Pay has made its debut in the UK with a strangely secretive launch from a company known for its high profile events. It’s a clever piece of technology that enables people to use the iPhone 6 and new Apple Watch in the same way as a contactless debit card, simply tapping it on an [...]
Apple Pay launches in the UK: Where to use it, how to use it, which iPhone you need and how it works July 14, 2015 If you're the proud owner of an iPhone 6, 6 Plus or Apple Watch you can now spend your cash with little more than the flick of a wrist. Apple Pay has today launched in the UK, allowing people to use near field communication on their iPhones to tap and pay for items worth [...]
Apple Pay UK launch 14 July: Mobile payments coming to iPhone and Apple Watch imminently July 6, 2015 Apple's expected to launch its mobile payment service, Apple Pay, in the UK as soon as next week in its first mobile payment move beyond the US. iPhone users will be able to pay with just the tap of a smartphone, or Apple Watch, across the high street and on the London Underground from 14 [...]
UK is contactless capital of world due to the Tube as payment limit to hit £30 July 5, 2015 Over one billion contactless Visa card payments were made in Europe alone in the last 12 months, double the previous year, in transactions worth a total of €12.6bn (£8.9bn). The UK is leading the trend, with 49.6m contactless Visa cards in circulation, an increase of 37 per cent from March 2014. Britain has [...]
Barclays cheque scanning tech leaves other banks in the past July 2, 2015 Barclays customers are ahead of the curve when it comes to financial technology, as the bank’s secure cheque-scanning service was made available to all smartphone customers yesterday. Cheque imaging, which iPhone-owning Barclays clients have been able to use since last year, allows anyone using their banking app to pay a cheque into an account [...]
Death of cash? British Retail Consortium says the imminent arrival of a cashless society has been “greatly exaggerated” July 1, 2015 Cash was used in just over half of retail transactions last year – but the sector's trade body has heralded this as a sign of suprising strength. "The death of cash has been greatly exaggerated," the British Retail Consortium said today. Consumers used 4.5 per cent less cash on high street and supermarket shopping [...]
Bill-paying app Velocity raises $12m in venture funding June 28, 2015 A smartphone app which lets diners pay for their meal and drinks without requesting the bill has raised $12m (£7.6m) in one of the largest first funding rounds for a tech business in the UK. Velocity, which was founded by two childhood friends in March 2014, has already signed 300 high end restaurants to [...]
London takes the lead in Bitcoin innovation June 28, 2015 London is fast becoming a global hub for development of innovations using digital currency Bitcoin. City institutions including the Bank of England, Barclays, UBS and Goldman Sachs are all looking into the potential for using Bitcoin to speed up processes in traditional finance. TRANSPARENCY Bitcoin is a digital currency which is bought online and [...]