Contactless payment cards featuring finger-reading biometric sensors have now been introduced in what’s billed a ?world’s first?, which could make shopping faster and more secure than ever.
Despite a ban coming into place in January, some 42 per cent of UK shoppers are still met with surcharges when paying for goods in small businesses.
By Staff writer
September marked the ten-year anniversary of the introduction of contactless payment cards in the UK. Since 2007, we have seen a dramatic change in the way that consumers are choosing to pay for their goods and services.
The cashless economy is showing no signs of slowing in the UK, but where does the nation sit on a global scale Find out in this infographic.
By Staff writer
Recent headlines regarding the introduction of a new £5 note in the UK could have you fooled into thinking that the Bank of England was leading a revolution in secure payments.
A third of UK shoppers have revealed they believe cash will be obsolete within the next five years, according to Worldpay, despite the fact the Bank of England is rolling out a new £5 note for use from Tuesday 13 September.
By Ewan Ogilvie
Cash as legal tender has been around for almost 300 years. And whilst a great deal has changed in how we buy and sell, cash has been stalwart throughout the ages, only recently beginning to see challenges from cards and now mobile payment options.
Britain’s retailers must adopt contactless payments for expectant customers or get left behind. Those yet to embrace the tap and go method can learn from food and drink businesses, which are leading the charge.
Small UK retailers are running the risk of Christmas sales crumbling this festive season by ignoring card payment trends, says EE, which has listed the 11 cities across the country where consumers have the highest dependency on cards – and London isn’t the leader.
By Dave Hobday
This September, the upper limit for contactless payments was officially raised to £30. Many entrepreneurs and small business owners might not even have registered this seemingly minor event, but we at Worldpay believe it could represent a significant moment in the evolution of payments.
