Challenger bank Revolut brings out ‘disposable’ virtual cards to help combat payment fraud March 22, 2018 In an effort to combat payment fraud, challenger bank Revolut has launched single-use virtual cards. When the details of a virtual Revolut debit card are used once to make an online payment, they will be destroyed and a new virtual card will automatically be generated. The technology is aimed at preventing scammers from copying card [...]
Spring Statement 2018: Government hints at dropping £50 note, 1p and 2p coins March 13, 2018 The government has hinted that it may ditch the £50 note and 1p and 2p coins as part of a move to make cash fit for purpose. As part of a tranche of documents released for today’s Spring Statement, the Treasury has launched a call for evidence around use of cash and digital payments. As [...]
Crossrail latest: Transport for London (TfL) takes over Heathrow Connect services ahead of Elizabeth Line opening in December May 18, 2018 A key step on the way to the full opening of the Elizabeth Line will be reached this weekend when Transport for London (TfL) takes over the Heathrow Connect services between Paddington and Heathrow terminals two, three and four. On Monday 21 May, TfL will also take over the half hourly Great Western Railway (GWR) [...]
Brompton Electric review: The iconic folding bike gains a motor, but loses some portability along the way September 27, 2018 The Brompton is a magical object. The most popular bike in Britain, it appears to defy several laws of physics when it folds in on itself, collapsing like a neutron star into the size of something approaching a sugar cube. The compact format of a Brompton means it can go places other bicycles aren’t allowed, [...]
New Barclaycard “Dine & Dash” technology to be trialled at Prezzo allows eaters to walk out of a restaurant without waiting for the bill February 27, 2018 One of the most frustrating parts of eating out, according to a survey conducted by Barclaycard, is waiting for the bill. So the payment business has developed a new technology which allows diners to simply walk out after eating their meal. The “Dine & Dash” technology, which is being trialled at the St Martins Lane [...]
How to bring the UK’s 1.5m unbanked into the digital economy before cash is displaced | City A.M. April 12, 2018 Last month’s inaugural Spring Statement had everything one might expect from a chancellor more renowned for fiscal prudence than visionary reform. Philip Hammond did, however, acknowledge the rapid pace of change in financial technology, launching a consultation to ensure “our economy is fit for the future and keeps pace with changes in the ways that [...]
Forget contactless, train tickets could soon use fingerprints and facial recognition February 7, 2017 Ambitious plans to bring train travel into the 21st Century could replace paper tickets and even forward-thinking contactless payments with fingerprints and iris scanning. “Britain’s railway exists to drive our economic prosperity. A 21st century railway offers opportunities for businesses to grow by bringing more technology to the railway more quickly. Everyone in the railway [...]
Digital challenger bank Starling is the first to support Fitbit Pay in the UK October 24, 2017 Customers of digital challenger Starling will be able to pay using their Fitbit smartwatch as it becomes the first bank in the UK to support Fitbit Pay. It marks the wider roll out of the wearable tech company’s challenger to Apple Watch. The Ionic smartwatch launched initially last month in the US, its newest device [...]
TfL awards Barclaycard 10-year contract that’ll include the roll out of contactless on the Elizabeth Line February 20, 2017 Barclaycard has retained its contract providing payment solutions to Transport for London (TfL), securing a new 10-year contract that includes the roll-out of contactless for the Elizabeth Line. The awarding of the £380m contract is for seven years with an option of extending for a further three years. Barclaycard will help TfL roll out contactless for [...]
London just got the first ever contactless payment beer pump December 16, 2016 It looks like bartenders are the latest workers to be threatened by robotic replacements. The world's first contactless, self-pouring beer pump prototype has been launched by Barclaycard. Set up in Henry's Cafe and Bar in Piccadilly, the first-of-its-kind contraption has been dubbed "Pay @ Pump", and it's designed to help pubs and bars reduce queuing times [...]