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London tube to use contactless payment cards

Cashless Payments, NewsBy SMI 28/07/2014

From 16 September 2014, users of the London Underground network in the UK will be able to use contactless payment cards to pay for travel as well as the existing pre-paid Oyster cards. This includes travel on all Tube, DLR and Overground trains. They will work in exactly the same way as the current Oyster card…

Dell to accept Bitcoin payments

Cashless Payments, NewsBy SMI 21/07/2014

Dell, the third largest PC seller in the world with an annual revenue of around $57 billion, has announced that it will accept Bitcoin payments. Users will now be able to pay for purchases made online from Dell.com, through a partnership with Bitcoin exchange company, Coinbase. Dell’s website advises: “Why is Dell accepting bitcoin? Bitcoin…

Cheque imaging: Pay in cheques by photo

Cashless Payments, News, TechnologyBy SMI 25/06/2014

Instead of visiting your local bank branch, you will soon be able to pay in cheques by taking a photo of it and sending it electronically using, for example, your smartphone. The UK government has said that the new proposed system, piloted by Barclays, was received positively during consultation and will now be included in planned…

Contactless payments reach Glastonbury festival

Cashless Payments, NewsBy SMI 13/06/2014

Mobile network operator EE has developed a Glastonbury festival app which will include their “Cash on Tap” contactless payment service. The telecommunications company has paired with Glastonbury organisers to produce the official Festival app which will also provide users with music line-ups, interactive maps and real-time festival updates. Using cash at festivals such as Glastonbury, which drew crowds of 250,000…

Expedia to accept Bitcoin payments

Cashless Payments, NewsBy SMI 12/06/2014

Expedia, one of the world’s largest online travel agencies, has announced that they will begin accepting Bitcoin payment transactions. It will limit the payments to hotel bookings initially and will only be available to those using the US version of their online store during its trial of the new payment service. Bitcoin payments are already…

London buses cashless from 6 July 2014

Cashless Payments, NewsBy SMI 03/06/2014

Transport for London (TFL) has today advised the public that their network of buses will stop accepting cash payments from Sunday 6th July 2014. Instead, pre-paid Oyster cards or contactless payment cards can be swiped against on-board card readers, and Travelcards continue to be available. Related stories: London buses to stop using use cash Source: Transport…

UK cash use declining but still the predominant choice

Banknotes, Cashless Payments, Currency, NewsBy SMI 02/06/2014

A report released today by the British Retail Consortium (BRC) shows that cash use in payment transactions is still the predominant payment choice but is one that is gradually declining. The BRCs Retail Payments Survey 2013 reports that cash has reduced in value, number of transactions and the average transaction value. When comparing to the 2012 figures, cash…

MasterCard president says ‘cash is dying, slowly’

Cashless Payments, NewsBy SMI 12/05/2014

The President of MasterCard International Markets, Ann Cairns, has recently discussed the impacts of alternative payments on the use of cash, saying that “cash is dying, slowly”. In an interview with International Business Times (IBTimes) TV, Ann Cairns said that the use of paper and cash as a payment medium accounts for 85% of the…

Vodafone’s M-Pesa launches in Europe

Cashless Payments, NewsBy SMI 01/04/2014

Vodafone’s Money Transfer, commonly known as M-PESA, is a highly successful money transfer service which has arrived in Europe after being launched in Romania yesterday. The service enables users who do not have a bank account, or limited access to one, to send and receive money, top-up air time, make bill payments and make a…

UK Payments Council to launch new app

Cashless Payments, NewsBy SMI 11/03/2014

The UK Payments Council has announced they are to launch a new way to pay using a mobile phone number. The app, called “Paym”, is expected to be launched in April 2014 and will enable users to send and receive payments using just a mobile number. Customers of Bank of Scotland, Barclays, Cumberland Building Society,…