Payment news and archive

Consumers and retailers prefer contactless payment

Contactless payment systems are the new normal and are fast becoming the preferred payment method in the UK, with one out of five payments now being made by a contactless card. While the technology was not immediately embraced by either retailers or consumers, the UK Cards Association, which reveals monthly card expenditure and payment...

Retail

'Death of cash' in the UK greatly exaggerated as consumers change paying habits

Despite a decline in cash transactions across the UK, the foreseen 'death of cash' has been largely exaggerated according to this year's annual Payments Survey from the British Retail Consortium (BRC) published today. The survey found that cash remains the preferred payment method in the majority of transactions, accounting for over 52 percent...

Fashion

UK consumers increasingly turn to debit cards to make purchases

UK customers are “using less cash than ever” as the convenience of shopping and paying by debit and credit card continues to increase. Both the amounts of cash transactions and the average amount spent using cash has declined over the past five years, according to the latest data published todayby the British Retail Consortium (BRC). “Customers...