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.
UK government confirms Digital Economy Act won't be repealed
The new government spokesman for the broadband industry, Jeremy Hunt, has today confirmed that the controversial Digital Economy Act won't be repealed. This is an act which was pushed through by the previous Labour government at short notice, attracting massive controversy due to a number of all-encompassing powers which were passed to the UK courts and UK regulators. There had been some hope t...Read More
It could be you, EuroMillions hits £100 million!
Out of all the doom and gloom in society it seems that one lucky person could be in line to win the jackpot of a lifetime with the EuroMillions hitting £100 million for the draw tonight. Record sales have proceeded the draw which if claimed by one person would be the largest lottery win in the world. So could it be you?
While it is easy to get caught up in the hype of the EuroMil...
HM Revenue and Customs in new data protection scare
It has been revealed that HM Revenue and Customs have inadvertently posted the financial details of 50,000 people in the UK. It is believed that a number of claimants have been sent their annual award notices which have seemingly included the financial details of other people in the system. This is not the first time that HM Revenue and Customs has been involved in data protection scare although D...Read More
British Telecom becomes the latest UK employer to freeze staff pay
British Telecom has become the latest of many UK employers to freeze staff pay as the economic slump continues to bite and companies need to reduce their cost bases. It has been agreed with the unions that the 100,000 BT staff will not get any pay rises until at least 2009/10 and even then the economic situation at the time will be taken into account. This comes at a time when UK banks continue to...Read More
Automatic retirement challenged in European courts
A number of campaigners for those nearing or at retirement age have sought to clarify the UK legislation which allows companies across the country to force retirement on any employee at a predefined retirement age. Even though this system has been in place for many years in the UK there has been a legal challenge which has now ended up in the European courts.
The case is being brou...