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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…