Church of England threatens to cut investment ties with oil and gas companies July 9, 2018 The Church of England plans to sell off its shares in fossil fuel companies by 2023 if they do not become more environmentally friendly. The General Synod, or the church’s parliaments, voted to channel the Church’s £8bn investment fund as well as its £2.3bn retirement fund away from oil and gas firms that do not [...]
Mastercard is in talks with UK banks to take biometric technology to the forefront of payments security July 8, 2018 Mastercard is exploring the possibility of trialling its fingerprint-scanning cards in the UK, as the second Payment Services Directive (PSD2) rears its head on financial fraud. Currently under trial in South Africa, Mastercard's biometric card combines chip technology with a fingerprint scanner on the card's top right corner to verify the cardholder's identity when making [...]
Oyster card hits the 15 year mark: Five things you didn’t know about the London smartcard June 30, 2018 As the Oyster card celebrates its fifteenth birthday, we've built a list of five things you might not know about Transport for London's smartcard. By 2041, Transport for London predicts that there will be a staggering 32 million trips will be made on the Tube each day. You may already know some more common facts [...]
Incomplete journeys on the Tube could become history as TfL allows passengers using contactless to get payment updates on the go June 15, 2018 Incomplete journeys on the Tube could soon become a thing of the past for passengers with a penchant for contactless. Transport for London (TfL) has announced this morning that customers can now check their contactless journey history using their phone on the go, with real-time updates on the TfL app. Half of all Tube and [...]
Incomplete journeys on the Tube could become history as TfL allows passengers using contactless to get payment updates on the go June 15, 2018 Incomplete journeys on the Tube could soon become a thing of the past for passengers with a penchant for contactless. Transport for London (TfL) has announced this morning that customers can now check their contactless journey history using their phone on the go, with real-time updates on the TfL app. Half of all Tube and [...]
Contactless payments for London buskers to be launched by Izettle and Sadiq Khan May 28, 2018 In what is posed as a world-first, a contactless payments scheme for busking performers is to be rolled out across the streets of London. Backed by the Mayor of London’s office and powered by fintech commerce firm Izettle, performers in London will soon to be able to receive tips and payments for merchandise via contactless [...]
Visa UK’s former chief executive Marc O’Brien joins world’s first crypto bank Crypterium May 20, 2018 Marc O’Brien, the former chief executive of Visa UK and Ireland, will be taking on the role of chief executive for the world’s first mobile cryptocurrency bank. O’Brien, who left Visa in 2014, will be leading crypto start-up Crypterium which is a mobile service that aims to simplify cryptocurrency transactions as many still struggle to [...]
Crossrail latest: Transport for London (TfL) takes over Heathrow Connect services ahead of Elizabeth Line opening in December May 18, 2018 A key step on the way to the full opening of the Elizabeth Line will be reached this weekend when Transport for London (TfL) takes over the Heathrow Connect services between Paddington and Heathrow terminals two, three and four. On Monday 21 May, TfL will also take over the half hourly Great Western Railway (GWR) [...]
TfL names Helen Murphy as head of new consulting arm as it eyes millions in revenue from work on transport projects across the world May 15, 2018 Transport for London’s (TfL) new consulting arm is picking up steam, with the appointment of a new boss for the business, as the transport organisation eyes millions in fresh revenue to help boost its finances. Last year, mayor Sadiq Khan said there was “significant scope” for the transport body to pursue opportunities to generate revenues [...]
How to bring the UK’s 1.5m unbanked into the digital economy before cash is displaced | City A.M. April 12, 2018 Last month’s inaugural Spring Statement had everything one might expect from a chancellor more renowned for fiscal prudence than visionary reform. Philip Hammond did, however, acknowledge the rapid pace of change in financial technology, launching a consultation to ensure “our economy is fit for the future and keeps pace with changes in the ways that [...]