Tag: debit cards

OFT to launch investigation into card surcharges

OFT to launch investigation into card surcharges

Consumer group Which? is concerned about surcharges imposed on to consumers who pay by debit or credit cards. It has therefore asked the Office of Fair Trading (OFT) to investigate the matter - which sees retailers, local authorities, estate agents and cinemas all impose the charges. However, the “worst offenders” are said to be budget [...]

February 11, 2011 | 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
Spending on plastic up 9.2%

Spending on plastic up 9.2%

Spending on credit and debit cards increased 9.2% in March compared to March 2009, new figures from Barclaycard show. This continues a trend highlighted in February, when spending on plastic increased 7.1% on year. Compared to February, credit and debit card spending increased 18% in March for high street and online purchases. This is a [...]

April 15, 2010 | 0 Comments More
Banks plan to phase out cheques

Banks plan to phase out cheques

Brits are snubbing cheques in favour of faster payment methods, new figures show. Credit cards, debit cards and cash increased their market share yet again in the second quarter, with cheque payments dropping 21% on year. Statistics from the UK Payments Association show payments on plastic cards rose 3% in the three month period to [...]

September 21, 2009 | 0 Comments More
Holidaymakers spend £73m on unnecessary currency fees

Holidaymakers spend £73m on unnecessary currency fees

Brits taking their summer holiday abroad this year will spend £73 million on debit and credit card fees, it emerged this week. Research by Abbey Credit Cards found that British holidaymakers pay an average of 3% in conversion fees every time they use an overseas ATM or spend money on their card in a foreign [...]

May 26, 2009 More
Brits ditch credit cards for debit

Brits ditch credit cards for debit

UK consumers are spending more on debit cards and less on credit cards since the onset of the recession, payments association Apacs revealed this month. Brits spent 4% more on their debit cards in the first three months of this year compared to the year ago period, whilst credit card spending dropped 3% despite an [...]

May 22, 2009 | 0 Comments More
Lloyds TSB criticised for giving children debit cards

Lloyds TSB criticised for giving children debit cards

Lloyds TSB is giving children, as young as 11, debit cards without their parents consent. The news raises fears that the cards could being used to buy cigarettes, alcohol and pornography over the internet. In the past, children aged 11 to 15 who hold current accounts were limited to debit cards that could only be [...]

June 30, 2008 | 0 Comments More