Do you take contactless cards? How about dog leads? These are the 10 items Britons want to be contactless payment-enabled August 16, 2016 Contactless payments may already be ubiquitous here in the City, but with the ever-encroaching tide of the Internet of Things people might start using some slightly more unusual payment methods in the future. Contactless technology is used to make around seven million transactions per day in the UK, but what about cufflinks? Watches? Even your [...]
Transport for London (TfL) mulls cashing in on open data expertise through new consulting arm October 13, 2017 Transport for London (TfL) has shed more light on the role of its consultancy arm in the works, saying today that it is exploring new commercial avenues through releasing open data. The transport body makes its information, spanning timetables, service status and disruption, publicly accessible. And according to a report out today by Deloitte for [...]
Transport for London pledges no compulsory redundancies in London Overground overhaul of ticket offices as strike threat looms | City A.M. September 18, 2017 Transport for London (TfL) and Arriva Rail London (ARL) said today that “there will not be a need for compulsory redundancies” in plans to overhaul the London Overground, as unions warned ticket office closures could lead to industrial action. ARL will begin meeting with staff and unions to discuss proposals to improve customer service, including [...]
Google parent Alphabet’s Sidewalk Labs building its own smart city in Toronto. But why not London next? October 18, 2017 Google’s parent company Alphabet is building its own city, where it will tackle some of the most pressing issues facing London: urban growth, energy use, housing costs, and transportation. But it’s the Canadian city of Toronto where 800 acres of waterfront space will be built “from the internet up” by the tech giant, not the [...]
We’ve already spent more via contactless than in all of 2015 August 22, 2016 People are swiping their card rather than splashing the physical cash these days as new figures reveal payments made with contactless technology have already overtaken the amount spent in the whole of 2015. Just over £9bn was spent using contactless in the first half of the year compared to £7.75bn in the the entire of last year, the new [...]
Transport for London (TfL) sets wheels in motion for new trading arm Transport for London Consulting set to bring in tens of millions August 21, 2017 Transport for London (TfL) has set the wheels in motion to establish a consultancy providing its expertise to operators around the world. London mayor Sadiq Khan has confirmed TfL is in the process of setting up a trading arm, Transport for London Consulting, after establishing there was “significant scope” for the transport body to pursue [...]
Customers are flocking towards new banking tech like apps and contactless payments according to a BBA report July 22, 2016 Consumers are flocking towards new banking technology, according to a new report, with mobile banking apps now being used more than 7,500 times a minute. Figures published by the British Bankers Association today show a dramatic rise in account holders using their mobiles to access their money. Mobile apps are now used more almost three times more commonly [...]
London mayor Sadiq Khan has secured a £15m windfall after licensing contactless ticketing technology July 13, 2016 London mayor Sadiq Khan has secured a £15m windfall after licencing the technology behind Transport for London's contactless ticketing system. TfL technology can now be used worldwide by Cubic Transportation Systems, which provides ticketing tools in Sydney, Brisbane, Vancouver and Chicago. London mayor Sadiq Khan said the cash from the licensing deal will go towards the delivery [...]
Transport for London’s contactless drive takes another stride forward May 20, 2016 Londoners are now able to use contactless on the Thames. Transport for London today announced that customers travelling on the MBNA Thames Clippers River Bus will be able to pay using contactless payment cards. Using contactless is the same cost as using an Oyster Card, which TfL says is up to 19 per cent cheaper than [...]
Chancellor Philip Hammond asserts importance of immigration for UK fintech April 12, 2017 Chancellor Philip Hammond will today highlight the importance of immigration for maintaining the UK’s fintech crown. Speaking at the UK government’s first international fintech conference today, the chancellor will say Britain needs to “continue to attract the brightest and the best from around the world” in order to stay ahead in fintech. Read more: Brexit [...]