Coronation Street's Gail McIntyre has only herself to blame for the imminent loss of £40,000 in an online banking scam, says the UK Payments Council
The UK banking sector is gearing up for the introduction of an industry-wide mobile payments service next spring, with eight major institutions committed to the launch.
The Payments Council today publishes the findings of its research, exploring the payments that UK businesses make and receive. The findings reveal that, small businesses are lagging some way behind larger businesses, but seem to be more savvy than individuals in terms of adoption of modern payments technology.
Elderly and disabled Brits face significant barriers in accessing and using payment systems, often forced to resort to workarounds such as sharing cards and PINs, according to research from the Payments Council.
Forget mobile payments, the next wave of innovation to strike the payments industry could see a simple handshake emerge as a novel form factor in the transfer of cash, according to a new crystal ball-gazing report from the UK Payments Council.
Following last year's bungled and abandoned attempt to scrap cheques, the bank-run UK Payments Council is set to be stripped of its powers by the government.
With mobile money becoming increasingly important, the UK's Faster Payments Scheme has hired telecoms industry veteran Craig Tillotson as its first managing director.
An old-style scam that sees victims conned into handing over their bank cards and PINs to couriers is on the rise, netting British fraudsters £750,000 so far this year, the Payments Council is warning.
The Payments Council today (19 April 2012) publishes an independent review of its governance arrangements and performance over the past two years.
Britons sent two-thirds more money through Faster Payments in the last three months of 2011 than in the fourth quarter of 2010, as the much maligned service took root.
© Finextra Research 2013