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.
E.On announces 6% gas price reduction
UK energy provider E.On has today revealed plans to cut 6% from the cost of gas from the end of March. This move has been welcomed by consumer groups although it is evident that only 1.9 million of the company's 5.5 million customers will benefit as electricity only customers will see no reductions and those on fixed rate tariffs will not benefit either. E.On is the third of the U.K.'s larger ener...Read More
Falling food prices starting to kick in
There is no better period of the year than Christmas for the supermarkets to start a price war and try to attract as many customers as possible for their Christmas fare. This year seems to be no different and we also have the added bonus that oil prices have come down and food prices were on the way down anyway. So what can we expect over the next few months?
We could see somethin...
Tesco store hit with £18,000 fuel fine
In a worrying development for UK motorists it has been revealed that supermarket giant Tesco recently incurred the wrath of Trading Standards with an £18,000 fine. The fine relates to the short measures delivered on one Tesco forecourt in South Wales where the actual amount of petrol received was 4% less than that shown on the pump meter.
While there is no doubt that Tesco attempte...
Manchester road charge plans revealed
Members of the public in Greater Manchester are being asked their opinion about controversial plans to introduce road pricing to the city.Proposals to launch a £3 billion wave of investment in the city's transport infrastructure include a congestion charge scheme similar to that currently in place in London.Under the plans motorists would be charged £1 or £2 when they pass through intermediate...Read More
Are Debit Cards The Answer To Those With Problems Saving?
In these times of very limited, if any, funds available for luxuries and savings it seems that more and more people are spending above their means. A simple trip to the shops can often add up to substantially more than you expected and it can be very difficult to keep your spending under control. But can debit cards help you to control your spending?
The problem for many is that i...