All the updated news related to card payments

All the news related to card payments updated in real time

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Personal Finance

Spending on rent and mortgages jumped in October, says Barclays

Annual growth in consumer spending on rent and mortgages accelerated last month to reach its highest level since September 2023, according to a major bank. Spending on rent and mortgages rose by 6.4% annually in October, the Barclays Property ...

07 Nov 2024 at 00:01

Treasury ‘confident’ enough coins available without ordering more this year

The Treasury has denied that 1p and 2p coins are to be scrapped after none were ordered from the Royal Mint this year. Reports had suggested the coins could be reaching the end of their life amid the continuing decline in cash use. A ...

25 Jul 2024 at 15:44

Personal Finance

‘Cash use plunged in 2021 as shoppers turned to cards’

The proportion of payments made using cash halved in 2021, compared with the previous year, according to figures from the British Retail Consortium (BRC). In 2021, as stores closed for lockdowns and people increasingly turned to ...

09 Dec 2022 at 01:01

Personal Finance

NatWest initiative could save hassle for some shoppers at online checkouts

NatWest is taking part in an initiative which could save hassle at the checkout for customers when doing their online shopping. The banking group has enabled Click to Pay for customers with a Mastercard debit card. Those with a ...

12 Oct 2023 at 14:58

Personal Finance

NatWest apologises after thousands of accounts mistakenly show double payments

NatWest has apologised after thousands of customer accounts were mistakenly showing debit card purchases twice. The error meant some accounts were showing lower available balances than they should. Around 112,000 NatWest ...

10 May 2022 at 17:55

City

Mastercard and Visa raising fees but not improving quality, watchdog warns

Mastercard and Visa do not face enough competition in the payments market, meaning UK businesses are forced to pay higher fees to process transactions, according to a new report by the UK payments watchdog. The Payment ...

21 May 2024 at 15:00

Retailer IT outages highlight risks of ‘cashless’ society, experts say

Technical issues which crippled card payment systems and left large retailers including Greggs unable to provide services highlight the risks of an increasingly “cashless” society, experts have said. On Wednesday ...

21 Mar 2024 at 09:13

City

Small businesses complain of losing money after card payment outage

Small businesses are complaining that they have lost money from sales after an outage caused card payments to fail across the UK on Thursday. Retailers and wholesalers were urgently seeking support from ...

12 Sept 2024 at 16:24

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