cash payments news and archive

Consumers favour debit over credit card usage

Figures from the latest Cost of Payment Collection Survey by the British Retail Consortium reveal that customers are favouring debit cards over credit cards when making payments.The proportion of transactions using credit cards fell by 12.9% up to 2010 as shoppers made a bid to better manage their finances. Director General of the BRC Stephen...

Fashion

Will cash survive amongst new electronic payments?

With consumers being opened up to multiple new payment methods, retailers have been left questioning the cost benefits of new electronic payment systems. Growth in the use of prepaid cards, contactless technologies, mobile devices, and electronic wallets is being used as an indicator as the death of cash payments. But evidence suggests that cash...