Bank Warns Of Long Recovery For UK Economy
As the UK sank back into recession in the first quarter of this year, a leading bank has warned of a long road to economic recovery. Lloyds Banking Group has said that the UK economy faces a number of challenges ahead, and faces a “long and difficult” recovery period. The warning comes as Lloyds sets […]
UK Back in Recession After Economy Shrinks
The UK’s economy shrank by 0.2% in the first quarter of 2012, meaning the country is now technically back in recession. The threat of a double-dip recession had been looming for some time, after Gross Domestic Product (GDP) fell by 0.3% in the fourth quarter of 2011. A recession is defined as two successive quarters […]
Fraudsters Capitalise On Credit Card Details Of Deceased
The identities of millions of deceased Americans are being used to apply for credit cards by criminals in the US, a study has found. Analysis of more than 100 million credit card applications in the first three months of last year, by risk management firm ID Analytics, has revealed that credit card fraudsters are using […]
Credit Card Criminals Target Hospitality Industry
The hospitality industry is being warned of a heightened danger of attack from cyber criminals, as a new type of malware targeted at hotels goes on sale on the black market. A shift in the focus of cybercriminals has been detected recently, as they target systems that store details of a higher number of credit […]
A Third Of New Mums Get Into Debt On Maternity Leave
Nearly a third of new mothers end up in debt during their maternity leave and are forced to cut their leave short as a result of their ailing finances. A survey of more 1,000 new mums found that 28% ended up in the red during their maternity leave, racking up an average debt of almost […]
Smartphone Payment To Replace Credit Cards By 2020
Smartphones will replace credit cards and even cash as the chief method of payment by 2020, experts have predicted. A survey of more than 1,000 technology experts has found that the majority believe contactless payment will overtake cash and credit cards in this decade. The survey found that more than 60% of technology experts felt […]
Police Fear Rise In ATM Fraud During Olympics
People using cash machines this summer are being urged to be extra vigilant, as police fear a sharp rise in ATM crime during the Olympics. ATM crime is on the rise in Britain, with criminals using advanced technology to obtain cardholders’ bank details. Millions of pounds are stolen from customers every single month, and police […]
Barclaycard Increases Cash Machine Charges
Barclaycard is to make changes to the amount it charges for customers to withdraw money from cash machines, the finance company has announced. The firm also plans to impose new charges on gamblers who use a Barclaycard credit card to place bets from the end of next month. There is currently no charge for placing […]
Changes to Credit Card Statements Announced
Credit card customers will be getting a different sort of statement through their letterbox this year, the UK Cards Association has announced. There are currently 31 million card users in the UK, and they are set to see a new type of credit card statement for the first time this year. The new statements are […]
Men Spend More on Credit Cards Than Women
Men spend more money on their credit cards than women do, research into our credit card spending habits has revealed. It was found that the average male credit card user will spend 15% more with his plastic than the average female card user will. The research also revealed that men spend more than women on […]
