All the updated news related to credit and debit

All the news related to credit and debit updated in real time

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Personal Finance

Record 69% of debit card transactions in December were contactless

Nearly seven in 10 debit card transactions in December were contactless, as the proportion of “tap and go” payments hit record levels, according to a trade association. UK Finance said the proportion of card payments that were contactless continued ...

16 Mar 2022 at 12:55

City

Nine in 10 eligible card transactions in 2021 were contactless – Barclaycard

Around nine in 10 eligible card transactions in 2021 were contactless, according to data from Barclaycard. Some 91.1% payments where “tap and go” would have been an option were in fact contactless. This was up from 88.6% of eligible transactions ...

26 Jan 2022 at 01:26

Northern Ireland

Distinctive sculpture removed from Belfast junction after 60 years

A unique artwork that has adorned a wall at a busy Belfast junction for almost 60 years has been donated to a museum. Known locally as “credit and debit” due to its location at a former Ulster Bank property, the aluminium sculptures of two men ...

28 Jun 2023 at 17:46

Personal Finance

Record 91.2% of eligible card transactions in 2022 were contactless – Barclays

Just over nine in 10 (91.2%) card transactions made last year where paying by contactless would have been an option did use this technology, according to data from Barclays. The bank said this is the highest proportion it has seen, with 85.6% ...

17 Feb 2023 at 00:01

Personal Finance

Outstanding credit card balances jumped by 10.1% annually in October

The outstanding credit card balances belonging to UK cardholders jumped by 10.1% in total in the 12 months to October 2022, according to a trade association. In total, £59.7 billion in credit card balances was outstanding in October 2022, UK ...

18 Jan 2023 at 12:35

Personal Finance

80% of 85 to 95-year-olds now pay with contactless, says Barclays

A record 93.4% of in-store card transactions up to £100 were made using contactless in 2023, according to data from Barclays. The figures were based on Barclays debit card and Barclaycard credit card transactions made by consumers. Shoppers ...

27 Feb 2024 at 00:01

Personal Finance

Santander launches bank card recycling scheme in some branches

Santander has introduced a pilot card recycling scheme in some branches, allowing people to recycle expired or unused plastic cards such as debit and credit cards. Specialised self-service machines allow people to shred their unwanted ...

19 Dec 2022 at 14:54

City

Visa seals deal with Lloyds to take millions of cards from rival

Visa has snubbed its biggest rival by clinching a new deal with Lloyds Banking Group that will see some 10 million cards converted to the payments giant over the next two years. Visa and Mastercard are the UK’s biggest payments firms,...

24 Jun 2024 at 15:44

Personal Finance

Number of contactless cards across the UK tops 150 million

The number of contactless cards in the UK has topped a milestone of 150 million, according to a banking and finance industry body. UK Finance’s card spending data for March 2024, released on Tuesday, shows the number of contactless ...

18 Jun 2024 at 00:01

Personal Finance

Some shoppers more inclined to carry cash due to card and phone payment issues

More than two-thirds of people who have experienced card and phone payment problems in the past six months say this has made them more likely to carry cash, a survey has found. Just over a fifth (22%) of people surveyed had ...

26 Nov 2024 at 08:00

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