Small Business Vital To UK Economy
A fraction of small businesses in the UK play the biggest role in the country’s economic growth, a report has revealed. With the UK back in recession, politicians and financial experts are looking at ways to boost the country’s struggling economy in the face of continuing job losses and turmoil in the eurozone. But a […]
Holidaymakers Spend More Than £500 Before Going Abroad
British holidaymakers spend as much money before they leave the country as they do while they are abroad, research has revealed. The Association of British Travel Agents (ABTA) has found that, despite the economic downturn putting a strain on people’s finances, our holiday spending starts before we’ve even left the country. It was found that […]
More Customers Denied Refunds By Credit Card Companies
Shoppers attempting to claim money back from their credit card company, after receiving faulty goods, are increasingly being denied a refund by their card provider. The Financial Ombudsman Service, the independent watchdog for the finance industry, has said it handles as many as 100 complaints per week from customers who’ve been effectively ignored by their […]
Improvements In Manufacturing Output Can’t Halt Recession
Manufacturing output in the UK was better than expected in March, the latest figures from the Office for National Statistics (ONS) have suggested. The ONS said that manufacturing output in March rose 0.9%, compared to the previous month. This was better than initial forecasts for manufacturing output, which had estimated a rise of 0.5%. But […]
Real Time Disbursements on Prepaid Cards: Visa and OboPay
Prepaid cards give companies an exceptional degree of control over real time disbursements and pay outs and also eliminate or reduce expenses associated with the issuance of paper cheques. The added advantage of prepaid cards is that they also eliminate the risks of handling cash and hence, provide insurance benefits to boot and this is […]
Visa And Samsung Launching Contactless Payment For Olympics
Visa is to showcase a new mobile phone payment system at the London Olympics this year, the payment firm has announced. The company has partnered with South Korean electronics firm Samsung to launch a limited edition version of Samsung’s new smartphone – the Galaxy S3. The Galaxy S3 was launched at an event in London […]
TransCard Continues to Grow Prepaid with First Citizens Bank Programme
TransCard recently announced the launch of the First Citizens Bank Prepaid Programme heralding its continuing growth within the prepaid sector and adding to its growing list of prepaid programmes with financial institutions. The agreement between TransCard and First Citizens Bank in Luverne, Alabama includes the provision and marketing of prepaid payroll cards, gift cards and […]
Banks Adding Prepaid Cards to the Product Menu
J.P Morgan Chase are looking to take the lead amongst a growing number of mainstream banks that are looking to add additional alternative financial products such as prepaid cards to their product menu with the aim of attracting new customers and retaining existing ones. The first initiative involves test marketing a re-loadable prepaid card across […]
Mastercard Launches Mobile Payment System
Mastercard is to launch a new payment service this autumn, incorporating a number of different payment methods, the card company has announced. Dubbed Mastercard PayPass Wallet Services, the service will allow consumers to make purchases in-store with their mobile phones, or over the internet The new service is due to launch in the UK, USA, […]
Strength Of Pound Up Against A Number Of Currencies
The pound has continued to gain strength against other currencies, meaning British holidaymakers can enjoy a much better exchange rate this summer. One pound will now buy Brits around 1.20 in euros – an increase of nearly 10% on the same time last year. This means that a family exchanging £500 will get around £50 […]
