Monthly Archives: July 2014

As paying with plastic continues to become more popular through the UK the number of cash transactions have fallen dramatically, so much so that one survey has suggest that at least 11% of us no longer use cash at all.

This news comes from a new study conducted for alternative bank account provider thinkmoney, which showed that over one in 10 respondents typically carried no cash, nearly twice as many as was found in a similar study from last year.

Read More

 , , ,

 

A new study from payment systems company ACI Worldwide has revealed the UK to be the country worst hit by credit card fraud throughout Europe, with 1 in 4 Brits having been affected by it over the past five years.

The study, conducted by research firm Aite Group on behalf of ACI Worldwide, interviewed some 6,000 consumers in 20 countries as part of their 2014 Global Fraud Report. It found that whilst the UK suffered the highest rate of card fraud throughout Europe,

Read More

 , ,

 

UK Credit and Debit Card Spending Passes £0.5tn

Card spending in the UK has doubled over the last decade, with 3 in every 4 pounds now being spent on them.

According to a report from the UK Cards Association, Brits spent £520bn on their cards for goods and services in 2013 – a rise on 2012 of some 6.7%, and a 53% increase on the £244bn that was spent on cards back in 2003.

74.5% of all retail spending is now made using debit and credit cards,

Read More

 

Brits to Break £100bn Online Shopping Barrier in 2014

Online shoppers in the UK are set to spend £107bn this year, breaking the £100bn for the first time, as more and more people turn to the web to satisfy their shopping needs.

The figure, given by Barclaycard, is the result of an average annual increase of 11% per year and due primarily to an increase in mobile shopping, on smartphone and tablet devices.

In another survey conducted by Google found that 68% of Brits now own a smartphone and at least 30% of British shoppers have made at least one purchase using their smartphone,

Read More