Mike Chambers | 3 February 2019 Bacs (now part of Pay.UK) recently released the Current Account Switching Service (CASS) data for the quarter ending 31 December 2018. The last quarter of 2018 was strong for Bacs and the account switching service with 235,000 switches successfully completing (up 22% compared to Q3 2018). The quarter of a million people in the […]
To be honest it wasn’t difficult to ensure that week 18 of my cashless experiment was a success – the festive season didn’t make any serious cash based payment demands. Last weeks ‘near miss’ of being confronted with the almost extinct ‘minimum spend’ debit card machine tried to catch me out again but, rather than going to another shop, I […]
“Consumers should be able to decide for themselves how they pay. For us, it is important to have a broad mix of options and that efficient methods for payment are available” – Burkhard Balz, Bundesbank, Germany.
* Article updated 20:02 3/1/19 * Although I might be an advocate of a planned and inclusive transition into a cashless society it is important that the pace of the UK’s transition is driven by the consumer deciding how they want to pay. Burkhard Balz at the German Bundesbank hit the nail on the head recently when he said: “Consumers […]
Aldeburgh is served well by a butcher (Salter & King: @salterandking), a baker (Two Magpies Bakery: @2magpiesbakery) and you can probably get a candlestick from MCT Electrical if you wanted one. In the past the town has also be served well by the bankers but HSBC (@hsbc) left town a while back to be replaced by an ice cream parlour […]
“Consumers should be able to decide for themselves how they pay. For us, it is important to have a broad mix of options and that efficient methods for payment are available” – Burkhard Balz, Bundesbank, Germany. 2018 saw the transition towards a cashless society in the UK gather significant pace supported by a proliferation of new payment options. However, the […]