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.
Have you looked at affiliate programs on the internet?
As the UK economy continues to move further downwards it seems that many people have taken an interest in home businesses, the types of business where you sell items or services to friends, family and anyone who is interested in exchange for a commission on each transaction. However, if you are looking at this area you should check out the internet where there are literally thousands of online op...Read More
Office Of Fair Trading Warns On Unsolicited Debt Advice
In a move which has come too late for many in the UK, the Office of Fair Trading (OFT) has warned consumers to be wary of debt advice agencies who are cold calling thousands across the country. Under the guise of helping to reduce financial worries, many people have been coerced into signing up for IVA and bankruptcy arrangements, the consequences of which are not always clearly explained.
Are wind farms the way ahead for Scotland?
The Crown Estate, which owns the U.K.'s seabed stretching for 12 miles from shore, has today given its blessing to 10 new wind farms in Scotland. If the companies looking to operate the wind farms are able to gain funding for the project, we could see literally hundreds of turbines generating significant power up and down the Scottish coastline. Initial figures suggest that while the power produce...Read More
Are UK Consumers Finally Warming To Online Shopping?
As the UK high street starts to feel the pinch of the worldwide economic slowdown it looks as though many consumers are venturing online for their everyday goods. It seems that finally the forecast of massive growth in online transactions is starting to take shape. Verdict research has released a report which shows online spending on retail purchases reached £14.7 billion in the UK in 2007, a...Read More
Online retailers see significant growth in 2008
It has been confirmed that the top 10 online UK retailers saw their visitor numbers increase by an average of 37% year-on-year in 2008. The figure is an enormous boost to a sector which has been the victim of a number of false dawns in the past but appears finally to have broken through. So what next?
Why the headline figures suggest that the reduction in the UK economy has pushed m...