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.
BT under pressure after changing evening call times
At a time when the UK telecom market is more competitive than ever before it seems a rather strange moment for British Telecom to risk the wrath of customers by changing the times at which UK customers can make free evening phone calls. The company is changing its "evening" start time from 6 PM to 7 PM which will impact on many of the company's 10 million customers. While customers will only ne...Read More
Virgin: Footy fans spend big on support
Football fans spent over £1,000 on following their team last year, Virgin Money has revealed.According to the firm, Premiership supporters spent an average £1,331 on tickets and merchandise - with fans of lower-league teams just behind on £1,080.Virgin Money also found that the ticket expenditure of 12 per cent of top division match-going supporters exceeded £3,000 last year.In total, the foot...Read More
Will tensions between Israel and Palestine affect the price of oil?
While Israel and Palestine are not directly linked to the worldwide oil sector there is concern of further unrest in the Middle East as the two sides continue their fierce battle. Despite a number of attempted ceasefire agreements it would appear there is little likelihood of a reduction in aggressions in the short to medium term. Israel has a number of enemies in the Middle East and there is conc...Read More
TalkTalk and the bizarre marketing ploy
Commuters in London may well have woken up over the last few weeks with an extra five pounds in their pocket and a branded TalkTalk broadband card and wondered exactly where this came from. In a rather bizarre marketing ploy, TalkTalk has taken on a number of ex-criminals who have expertise in pick-pocketing and similar activities.
In what is being called "put pocketing" various gan...
Saving Money For Christmas
While Christmas is still some way off this is the time of year when people return from their summer breaks and thoughts start to turn to the festive period and how they will be able to afford present for friends and family this year. So what should you do? How can you make ends meet for Christmas?
The problem for many people is the fact that they leave it all until the last minute...