What started with a pepperoni pizza in 1994… Credit card usage has grown exponentially since the launch of Barclaycard in 1966 and card payments overall from the first debit card, also from Barclays, in 1987. The move from paper vouchers to electronic processes led to greater growth in businesses offering card acceptance but entry and fixed monthly costs still meant that, […]
Vicki Hyman at Mastercard has been writing about the end of the magnetic stripe on our debit and credit cards: In the early age of modern credit cards, they had to write down account information for each card-carrying customer by hand. Later, they used flatbed imprinting machines to record the card information on carbon paper packets, the sound of the […]
East Anglia’s Children’s Hospices (EACH) offer care and support for children and young people with life-threatening conditions and support families across Cambridgeshire, Essex, Norfolk and Suffolk. They offer families flexibility and control over where they receive their care and support, including where their child dies; at home, in hospital or at one of three hospices at Milton (Cambridge), The Nook […]
Sellers of the Big Issue, a magazine sold by the homeless across the UK, are now able to accept PayPal QR Code payments, following an accelerated roll out of iZettle card readers to over a third of its vendor network. During the pandemic, The Big Issue has grown the number of vendors with smartphones from 515 to 1,150 and set up bank accounts on behalf […]
Visa report one billion additional touch-free Visa payments made as consumers embrace contactless commerce. Visa report that: Less than a year since contactless limits increased across Europe, Visa has hit one billion additional touch-free transactions, 400 million of which took place in the UK. Consumers and merchants are increasingly turning to contactless payments as a secure and seamless way to shop […]
The Falkland Islands are among the most remote places on earth: an untamed expanse of boundless landscapes and wild ocean, where penguins outnumber people one hundred to one. But they’re also a place of inspiring and resilient local businesses, run by enterprising locals. And now, the Falkland Islanders are running and growing their businesses with the latest technology from Square and Mastercard. With […]
Amazon has opened its first “just walk out” grocery store in the UK where shoppers can pick up their goods and leave without having to visit a till. The Amazon Fresh store in Ealing, west London, is a “contactless” shop available to anyone signed up to Amazon and with the app on their phone. Checking out the checkout-less store Lockdown travel […]
“Customers, helped by external cash dispensers and by credit cards can get along surprising well without often visiting their bank.” D. Vander Weyer, Barclays, 1970. Thanks to innovations like the credit card, after 50 years we have an increasingly ‘cashless’ and an almost ‘chequeless’ society. Also, how often do we visit our bank branch? (If our bank actually has any […]
With contactless payments accounting for 37 per cent of all credit card and 59 per cent of all debit card transactions it is perhaps, no wonder, that the Chancellor has announced an increase in the UK’s contactless payments limit. In his speech the Chancellor announced that the single contactless transaction payment threshold limit will rise to £100: Following today’s budget […]
Roses are yoursViolets are mineIn Blighty we PINThe Yanks still sign On this anniversary weekend the folks at Consult Hyperion are getting all romantic. On this anniversary weekend Consult Hyperion recall that their romance with smart cards started many years ago. Dave Birch recalls that it will be fifteen years on Sunday that chip and PIN went live in the UK […]
Statista report that most South Koreans wouldn’t trade their cashless payments for anything. In Japan, Spain and France between 60 and 67 percent of people prefer cashless payments and the least people were in favour of cashless payments were in the Philippines at 33 percent. The share of respondents who said they preferred to pay without cash in selected countries: Source: […]
On Friday Trilo powered their first POS/in-person payment with Open Banking. Until then customers could only pay in shops via card or cash, now this has changed. Trilo gives merchants and customers the ability to make and receive payments with no hardware or software required. Merchants can use their tablet or phone to create a payment. The customer then scans the QR code. Customers […]
Card payments would have been introduced on North Isles ferries by now if it wasn’t for coronavirus restrictions, councillor says. Source: Shetland News. A former banking industry chief who visited Shetland while attempting to live without using notes or coins in a “cashless” experiment has welcomed trials of card payments on inter-island ferries. Having to pay by cash or cheque […]
Evolving consumer preferences and digital transformation are boosting European cashless transactions. The Covid-19 pandemic has accelerated this trend, exploiting a need for safer and more convenient payment methods both for remote and physical transactions. However, cash remains the preferred means for payments in Italy. A guest blog by Marco Folcia, Sara Marcozzi, Tommaso Gheduzzi and Niccolò Polcri, PWC Italy. Digital […]
Don’t ask me ask the 71% of people that have replaced all or some of their cash habits. Moving quickly and responsibly to a cashless society Earlier this week I took part in the second PHOS Steering Group on the subject of “Moving quickly and responsibly to a cashless society. This second Steering Group discussed “understanding and removing the barriers to a cashless society”. Over the last six […]
Frictionless and contactless – you can now order McDonald’s hands-free with Siri and Apple Pay McDonald’s has launched a brand-new function on the My McDonald’s App where customers are now able to order and pay for their food using Siri and Apple Pay. Hands-free ordering is no longer a thing of the future as the latest innovation runs across all […]
