Monthly Archives: September 2013

1 in 10 Brits Take Wrong Currency with Them on Holiday

A new survey has revealed that 1 in 10 of us have made the mistake of taking the wrong currency away with us on holiday, prompting advice for travelers to double check before ordering any foreign currency, or opt for alternative means of taking cash abroad, such as prepaid cards.

The most commonly made mistake by travelers was assuming that EU member states all used the Euro, being unaware that only 17 of the 28 countries that form the EU were using the single currency.

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Debit cards, Debit cards cash, Debit cards overtake cash

Debit card usage looks set to overtake credit cards by 2022, according to the Payments Council, who put much of the increase in debit card use down to the growing popularity of online banking apps, which give card holders greater access to management features and the ability to make contactless payments.

The Payments Council predicts that this will see people increasingly forego cash transactions and instead opting for their smartphones or other payment-enabled mobile devices.

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Vishing Scams on Rise in UK Warn FFA UK

 Thursday, 5 September 2013

 Prepaid News

It’s thought that approximately £7 million have been lost to vishing scams in the UK over the past 12 months, prompting the issuance of a warning from the Financial Fraud Action (FFA UK).

Vishing scams take the form of cold calls in which scammers commonly, but not always, pose as a representative of your bank to get you to provide them with your personal and financial information. Fraudsters are looking for credit/debit/prepaid card numbers,

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