Tag: ATMs

Brits urged to choose more secure PIN numbers

Brits urged to choose more secure PIN numbers

A new report from analytics firm Data Genetics suggests that criminals can guess PIN numbers 10 per cent of the time purely because people are choosing PIN numbers that are easy to remember. Data Genetics found that one in nine people use “1234” as their PIN number when withdrawing cash at ATMs or making payments [...]

September 25, 2012 | 0 Comments More
Debit card usage surges in UK

Debit card usage surges in UK

The UK Payments Council, the body which oversees the strategy on payments systems, has said debit card usage has surged in the last year. For the first time ever, consumers are opting to use their debit cards more than coins and notes, figures revealed today. According to the Payments Council, spending on debit cards totalled [...]

December 3, 2010 | 0 Comments More
Cheque usage continues to decline in Q2

Cheque usage continues to decline in Q2

The UK Payments Council, the body which oversees the strategy on payments systems, has said cheque usage continues to decline as consumers opt to use debit cards. In the April to June period, an average of 290,000 fewer cheques were written each day, a fall of 10% compared with the same period last year. The [...]

September 9, 2010 | 0 Comments More
£5 notes to be reconciled with ATMs

£5 notes to be reconciled with ATMs

The five pound note is to re-establish itself in the wallets and purses of the nation on the news that all banks and building societies will be dispensing fivers from ATMs in the future. Currently, scarcity means that £5s change hands many more times than other notes before being returned for sorting and the increased [...]

September 3, 2010 | 0 Comments More
New ATMs launched to boost circulation of £5 note

New ATMs launched to boost circulation of £5 note

In a bid to boost circulation of the £5 note, ATMs which only dispense fivers have been installed across Britain, following a two-year trial in London. Almost two dozen machines, run by the ATM operator Bank Machine, have been installed in various locations, including Manchester, Stroud, Oxford, Cardiff and Portsmouth. The 21 new £5-only machines [...]

June 28, 2010 | 0 Comments More
ATMs to dispense more £5 notes in New Year

ATMs to dispense more £5 notes in New Year

In a bid to boost circulation of the £5 note, the Bank of England has said it will urge major banks to increase the availability of £5 notes in their ATMs. Fivers change hands quickly and, as a result, only last around a year before becoming too damaged to use. In comparison, the £50 note [...]

December 7, 2009 | 0 Comments More
HSBC ATMs to dispense more £5 notes

HSBC ATMs to dispense more £5 notes

In a bid to boost circulation of the £5 note, HSBC has begun a pilot scheme in conjunction with the Bank of England. The bank said it will stock more £5 notes in 100 of its ATMs across the Midlands and South West England. According to the latest figures from the Bank of England, there [...]

August 20, 2009 | 0 Comments More