01 September 2015

All cards news

UK boosts contactless limit to £30

16 hours ago  | 8 comments | 22 tweets | 10 linkedin

As the contactless payments limit in Britain rises from £20 to £30, new figures from the UK Cards Association show that more than £2.5 billion was spent via tap and go in the first half of 2015.

With contactless cards and mobile payments growing in popularity, a quarter of Brits think that in just five years' time they will no longer need cash, according to a survey for Lloyds Bank.

Payments UK sets out vision for 'world class' services

28 August 2015  | 0 comments | 17 tweets | 10 linkedin

Trade association Payments UK has vowed to improve access to payments infrastructure and give customers more control over transactions as part of a drive to ensure Britain has a "world class" system.

Swedish mPOS vendor iZettle has raised EUR60 million in a Series D funding round to help it launch a cash advance service for its small business customers.

Oxfam and Visa use prepaid cards for disaster relief

26 August 2015  | 0 comments | 12 tweets | 11 linkedin

Oxfam has teamed up with Visa, Philippines-based UnionBank and payments firm i2c to channel funds to people in disaster-affected communities through prepaid cards.

US payments and lobby group The Clearing House has called for legislative measures to rein in non-bank startups hitching a free ride on banking rails.

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