Contactless payment systems on the way
From next year supermarkets customers in the UK will be able to pay for their goods via a contactless payment system with the Co-op the latest major UK supermarket to sign up to the program. These cards, which are issued by Barclaycard and Visa, simply allow customers to pass their card across a sensor which will take their details and automatically deduct money from their accounts. No PIN numbers will be required for sales under £15 although sales in excess of this figure will need to go through the "normal channels".
It will be interesting to see how the public react to these contactless payment systems because ultimately, as with the Oyster card on the London Underground, they are commonplace in other areas of the UK economy. It will also be interesting to see whether the growing number of supermarkets currently looking to sign up to the system will push other retailers towards this efficient and relatively cheap, at least for retailers, payment system.
We have seen the introduction of various contactless payment systems in the past although many of these have fallen by the wayside due to a lack of public confidence. Whether this particular move, backed by Barclaycard and Visa, is different remains to be seen.
North Sea Oil Reserves Could Be Up To 30 Billion Barrels
A report broadcast on BBC Scotland has tonight made the claim that a further 30 billion barrels of oil could still be available in the North Sea. This figure is roughly the same as the amount of oil which has so far been extracted and has surprised many. However, it may not be quite as simple as that........
While the figure of 30 billion barrels comes from an expert in the field...
Why Is The Government Attacking Consumers On Waste?
An influential report from the House of Lords has cast major doubt on the current government policy of attacking consumers with regards to waste disposal and recycling. The Lords committee found that consumers were being pressurised into recycling and trying to cut back on waste by fines and other threats from the authorities when they account for less than 10% of waste in the UK.
Automatic retirement challenged in European courts
A number of campaigners for those nearing or at retirement age have sought to clarify the UK legislation which allows companies across the country to force retirement on any employee at a predefined retirement age. Even though this system has been in place for many years in the UK there has been a legal challenge which has now ended up in the European courts.
The case is being brou...
£386 to watch a wedding
The average guest at a British wedding will spend a total of £386, with many people underestimating the amount they spend as it is spread out on gifts, outfits and pre-nuptial celebrations.According to CreditExpert website, stag and hen nights are the most expensive factor when attending a wedding, costing around £130 on average to celebrate the last night of freedom.Wedding gifts set guests bac...Read More
Simple ways to save money : Shop online
There is no doubt that the last two years has seen a significant increase in the number of people who are shopping online, but there are still many people in the UK who are frightened of the Internet. Despite the fact that Internet access is available to the vast majority of homes across the UK are still many people who have inbuilt fears about purchasing online with fraud and ID theft amongst the...Read More