Olympic visitors urged to be extra vigilant in fight against credit card fraud August 1, 2016 Fraudsters in Brazil are poised to exploit the influx of international visitors for the Olympics a survey revealed today. With half a million visitors expected for the Olympics, research by ACI Worldwide indicated that 49 per cent of Brazilians have experienced some kind of credit or debit card fraud in the last five years, second globally [...]
Brexit, WiFi and selfies: The top 10 phrases Britons will need to learn on holiday this year July 27, 2016 If you were hoping to escape conversations around the EU referendum on your summer holiday this year, tough luck. “What do you think about Brexit?” has been named by Gatwick Airport as one of the top 10 most important modern holiday phrases. And the airport is helping UK holidaymakers to ask the question in different languages. [...]
No-click-to-buy apps are a risk, but the rewards will be worth it July 22, 2016 Payments have come a long way, fast. In April, Domino’s began offering “zero-click ordering”, which allows customers to re-order a pizza simply by opening an app, removing the need for in-app tapping. There are now so many payment methods – contactless mobile, card and watch payments, swipes and taps on a mobile screen – it [...]
Customers are flocking towards new banking tech like apps and contactless payments according to a BBA report July 22, 2016 Consumers are flocking towards new banking technology, according to a new report, with mobile banking apps now being used more than 7,500 times a minute. Figures published by the British Bankers Association today show a dramatic rise in account holders using their mobiles to access their money. Mobile apps are now used more almost three times more commonly [...]
Mayor of London Sadiq Khan hosts London devolution summit July 14, 2016 Mayor of London Sadiq Khan today held a summit of political and business leaders as he pushes for support on further devolution for the capital. Meeting business representatives from the Corporation of London, London First and the London Chamber of Commerce, Khan looked to bolster support for more powers in the wake of the Brexit vote last [...]
London mayor Sadiq Khan has secured a £15m windfall after licensing contactless ticketing technology July 13, 2016 London mayor Sadiq Khan has secured a £15m windfall after licencing the technology behind Transport for London's contactless ticketing system. TfL technology can now be used worldwide by Cubic Transportation Systems, which provides ticketing tools in Sydney, Brisbane, Vancouver and Chicago. London mayor Sadiq Khan said the cash from the licensing deal will go towards the delivery [...]
Get the candles ready: It’s the credit card’s 50th birthday since its introduction to the UK by Barclaycard June 29, 2016 A birthday card and a very large bunch of candles are due today for the credit card, which is celebrating its 50th anniversary of being introduced to the UK's wallets by Barclaycard. On 29 June 1966, Barclaycard launched the first credit card with a six-page business strategy, an investment of £20,000 and 30 employees in Northampton. [...]
BT has been ordered to pay an £8,000 fine for dangerous roadworks June 28, 2016 British Telecom (BT) has been told it must pay more than £8,000 for "dangerous and disruptive roadworks", in its 37th prosecution since 2010. Transport for London prospected BT for the poorly managed roadworks, leading BT to appear before Westminster Magistrates’ Court on 22 June. The BT offences, which took place on the Transport for London Road [...]
Walmart Canada to stop accepting Visa payments from July over “unacceptably high” fees June 12, 2016 Walmart's Canadian arm has said it will no longer accept Visa cards in its stores after the retail giant failed to reach a deal with the company over its "unacceptably high" fees. Following an evaluation of credit card transaction fees in both Canada and the rest of the world, the charges applied to Visa transactions [...]
London mayor Khan faces cross-party fury over fare freeze pledge June 8, 2016 London Mayor Sadiq Khan is facing cross-party fury after it emerged that a much-vaunted freeze on TfL fares would exclude large numbers of tickets. A four-year freeze on fares was the flagship policy in Khan's plans for London, with the former Tooting MP stating in his manifesto that “Londoners won't pay a penny for more [...]