Barclays bPay, a £20 contactless pay wristband, given away for free in latest sign bank’s wearable has flopped July 19, 2017 Barclays has started giving away a contactless payments device normally costing £20 in the latest signal that its technology efforts have failed to take off. The bank is offering the bPay wearable band or key fob, used to pay for things with just a swipe, for free in a push to get them into people's [...]
Transport for London gives the Oyster card a revamp with a new app that will send low balance alerts to your phone July 19, 2017 Transport for London (TfL) has announced a flurry of changes to the Oyster card, including a new app for passengers to get phone alerts when their balance is running low. Those who top up their pay as you go credit, or buy Travelcards using Oyster online can now collect their purchase from any Tube or [...]
Transport for London (TfL) says one billion contactless payment journeys have now been made across London’s transport network July 6, 2017 Over one billion journeys have now been made on London’s transport network using contactless payment cards, according to new figures from Transport for London (TfL). Almost £2bn has been spent by customers using pay as you go with contactless since it was introduced at the end of 2012, And TfL said that customers have saved [...]
Cashless society? Debit cards will overtake cash much sooner than expected with the rise of contactless May 25, 2017 The rising popularity of using contactless in the UK means we might just be heading for a cashless society sooner than we thought. New figures reveal debit cards are set to overtake the use of cash next year – three years earlier than experts had previously predicted. Read more: Forget contactless, train tickets could soon [...]
Chancellor Philip Hammond asserts importance of immigration for UK fintech April 12, 2017 Chancellor Philip Hammond will today highlight the importance of immigration for maintaining the UK’s fintech crown. Speaking at the UK government’s first international fintech conference today, the chancellor will say Britain needs to “continue to attract the brightest and the best from around the world” in order to stay ahead in fintech. Read more: Brexit [...]
MPs welcome regulator proposals to make banks spot fraudulent contactless payments March 30, 2017 Financial regulators are planning to shift the onus onto banks to identify fraudulent contactless payment transactions. The Financial Conduct Authority (FCA) chairman John Griffith-Jones will today set out the watchdog’s proposals in a letter to the chair of the Treasury Select Committee Andrew Tyrie. In September an investigation by a consumer organisation highlighted some banks [...]
The new Elizabeth Line passenger trains have arrived for testing ahead of May launch March 9, 2017 The time is drawing closer… The Elizabeth Line has been quietly taking shape with a release of bird's eye images in January showing how the various stations are shaping up. And this week, Transport for London (TfL) announced the first train to be used for passengers had arrived for testing in the capital. The first @elizabethline train [...]
Now you can use Apple Pay in Ireland – just swipe your iPhone March 7, 2017 iPhone owners in Ireland rejoice – you can now get on board with Apple Pay and just swipe your phone (or Apple Watch) to make a purchase. The tech giant has launched the payment service in its sixth market in Europe, supporting Irish banking customers with Ulster Bank and KBC as well as Boon, an app [...]
TfL awards Barclaycard 10-year contract that’ll include the roll out of contactless on the Elizabeth Line February 20, 2017 Barclaycard has retained its contract providing payment solutions to Transport for London (TfL), securing a new 10-year contract that includes the roll-out of contactless for the Elizabeth Line. The awarding of the £380m contract is for seven years with an option of extending for a further three years. Barclaycard will help TfL roll out contactless for [...]
Lazy people rejoice: Jaguar and Shell team up for in-car cashless petrol payment February 15, 2017 Here's a treat for those often in a hurry. Jaguar and Shell have teamed up to launch the first in-car payment system for petrol. So you'll actually be able to pay for your fuel through an app on the car's touchscreen at Shell service stations. You drive up, use the car's touchscreen to select how much [...]