DEBATE: In light of this week’s Access to Cash Review, is the UK ready to go cashless? March 7, 2019 In light of this week’s Access to Cash Review, is the UK ready to go cashless? Abhijit Deb, head of banking and financial services (UK&I) at Cognizant, says YES. From contactless card technology to smartphone payments, we have seen innovations draw much of the public away from cash to new methods. Convenience is obviously a big [...]
Employers want to use wearable tech to track the health, sleep, fitness and productivity of the office May 22, 2019 If you've woken up and checked your watch for last night’s sleep data, you’re not alone. In the UK, more than five million wearables (such as Fitbits and step counters) are now part of individuals’ everyday lives – 1.96m were sold in 2017 alone. So it’s only natural for employers to be interested in the power of [...]
Credit where it’s due: Apple enlists help of Goldman Sachs to launch privacy-focused credit card March 25, 2019 Apple has been giving its image a makeover. The world’s most valuable corporation has become far more than a purveyor of hardware – and software – in recent years. With the launch of its own credit card at its services-focused event in California on Monday, Apple ushered in a new era on its journey to become [...]
Watch out high street banks – Apple has a credit card and is out to steal your supper March 29, 2019 Every day, new competitors are coming out of the woodwork and vying for a piece of the high street banks’ pie. This has forced the big banks – some kicking and screaming – to evolve, and at a pace that they’ve never before experienced. Change is not a new concept for consumers when it comes [...]
Card clash: Mastercard UK’s Mark Barnett on the battle for payments market share October 15, 2018 The likelihood is that, reading this, you have a Visa debit card somewhere on your person. Only two per cent of Britons currently have a Mastercard debit card, but that will change shortly after a string of wins for the US giant which will see its market share increase by 10 times. TSB and Santander [...]
Chris Robshaw on England’s World Cup hopes, dealing with his omission and seeking help from Tony Adams September 18, 2019 The Rugby World Cup is upon us and for most there is an unparalleled excitement that comes with uniting behind a nation in one of sport’s elite tournaments. For Chris Robshaw that will also be true, along with a lingering sense of what might have been after head coach Eddie Jones decided against including the [...]
New York taps Transport for London’s contactless expertise for public transport revamp October 26, 2017 New York is set to roll out a contactless fares system across its public transport network, derived from the one developed by Transport for London (TfL). TfL is setting up a new consulting arm to provide its expertise to operators around the world, and in the newest instance of the transport body looking to share [...]
Boris Johnson conference speech 2019 live: PM rules out checks at border October 2, 2019 This is a rolling news story, so please refresh to get the most recent updates 2.10pm: Bookies cut odds on no-deal Brexit Meanwhile, Johnson’s insistence that the only alternative to a Brexit deal is a no-deal Brexit meant bookies shortened the odds on that outcome. Ladbrokes put odds at 5/2 in favour of a no-deal [...]
RMT union calls on Sadiq Khan to halt possible ticket office closures on London Overground October 3, 2018 The RMT rail union has called on the mayor of London Sadiq Khan to halt the planned closures for ticket offices on the London Overground. Last September the operator of the London Overground, Arriva Rail London (ARL), announced a review into how people pay for their tube travel, following the boom in people paying for travel via contactless [...]
In a cashless society, what will we do when our colleagues turn up rattling the collection tin? January 17, 2019 Periodically, a senior economist will suggest that as a society we could abolish cash. As an idea, it unites left and right in immediate dismay. On the one hand, it would strike a blow against individual liberty, giving retailers, banks, and possibly governments the potential to track your every transaction. On the other, it would [...]