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.
Landlords keeping 56% of deposits
Fifty-six per cent of deposits are retained by landlords either partly or in full because of tenant disputes, a new study reveals.Alliance & Leicester reports that 56 per cent of deposits are eaten into by tenants causing landlords financial difficulties, with damage to the property coming top of the list for reasons to withhold deposit money.Twenty-six per cent of deposits are held due to tenants...Read More
Christmas belts start to tighten
Leading economists Deloitte have issued a report which suggests that on average the Scottish consumer will spend around £709 this Christmas which is a 16% fall from last year. The survey suggests that already there are serious signs that the Scottish consumer is looking to reduce retail spending and maintain their standard of living where possible.
Christmas is the major part of th...
Scottish Government Move To Cut Public Service Energy Costs
The Scottish government has received a warm round of applause from power companies and tax payer protection groups alike with news that all public body energy contracts north of the border will be put out to tender. Rather than 'a few hundred' contracts worth £200 million each, bids will be sought to supply electricity to local councils, health boards, police, fire services and an array of other...Read More
Great British energy meter rip off revealed
Switching to a credit meter and paying by monthly direct debit could save prepayment customers up to £135 on their energy bills a year, according to new figures.Research by Simply Switch shows a prepayment household in Manchester using British Gas for gas and Powergen for their electricity currently pays £635 a year for their gas and £400 a year for their electricity - a total of £1035.However...Read More
The Home Office Finally Comes Of Age
The Commission for Rural Communities has announced an interesting new trend which is seeing more families move to the countryside to bring up their children. It seems that finally the home office has come of age with more and more people making use of broadband connections and working from the comfort of their own abodes. So why are people moving to the countryside?
While cost is...