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 Ready To Invest £1.5 Billion Into UK Broadband
BT is ready and waiting to invest a substantial £1.5 billion into the next generation broadband service of the UK but is waiting for the go-ahead from OFCOM, the industry regulator. In a show of power, BT has said it will only be able to invest the funds if OFCOM looks favourably upon the company's request to increase wholesale broadband charges in the UK - the amount BT charge other broadband...Read More
Tesco to offer Sainsbury’s Brand Match to customers
11/04/2016 Tesco has announced that it will offer customers who have valid Sainsbury’s Brand Match money-off vouchers a two month extension to the scheme which is due to end on 26th April. This will mean that any customers who still have the vouchers after they have expired in Sainsbury’s will be able to use them until 30th June in Tesco. Last week Sainsbury’s announced that it woul...Read More
Flyglobespan customers may receive just 5% of fare paybacks
PricewaterhouseCoopers, the administrators to the fallen Flyglobespan operation, has today revealed that unsecured creditors may receive just 5% of money owed. Unsecured creditors include paying passengers who were unable to use the service and who did not pay by credit card or debit card. Despite the fact that £34 million has allegedly been held back by credit card clearing group E-Clear there i...Read More
Tories Plan An Energy Discount Card
In the world of energy supply there are many ways in which you can reduce your bills including dual services and direct debits. However, the opportunity to reduce energy bills by using a direct debit payment system is not available to as many as four million in the UK who do not have bank accounts or withdraw all of their funds each week. Many of these people are paying up to £100 extra a year...Read More
Is the broadband market now saturated?
Today saw the announcement of increased losses for the first quarter of 2009 from media giant Virgin Media. The company operates in the cable TV, broadband and telephone markets with the broadband operation leading the way over the last few years. Interestingly, there appears to have been a reduction in new customer numbers in the first quarter of 2009 compared to the first quarter of 2008. Whethe...Read More