‘What’s Stopping You From Switching Banks?’
November 29, 2006 at 9:58 am
According to a new survey from a high-street bank, the number-one reason why customers do not switch current account is the hassle of moving Direct Debits and standing orders. A survey of 3,740 adults for Abbey by polling company YouGov found that people came up with six main excuses for sticking with their existing current account:
1. Almost two-thirds (65%) think transferring Direct Debits and standing orders would be too much hassle.
2. Close to half (49%) believe that switching would be pointless because all banks are the same.
3. Nearly three in ten (29%) fear that they would lose their personal banking contacts…….
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‘London gets ready for contactless payments’
November 25, 2006 at 10:00 am
No PIN, no signing, no touch required
DETAILS WERE ANNOUNCED of the initial London roll out of a new wave of contactless debit cards, credit cards and pre-pay cards for payments under £10.
An extension to the existing Chip and PIN EMV network, Maestro / MasterCard’s PayPass and Visa’s contactless system will allow users to pay for small goods such as rail tickets, newspapers and beers by waving their card in front of an RFID sensor on a point of sale or vending machine…….
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