The number of people that engage in telephone banking has been surpassed by those using the internet banking, according to recently published figures. Apacs, the UK payments association, reports that that 48 per cent of internet users now bank online, equally 16.9 million adults, while the number of telephone bankers has fallen to 15.4 million in the last year. Sandra Quinn, di...

The coming year could see hundreds of thousands of UK consumers suffering a debt "tipping point", a leading debt campaigning charity has told the BBC. Damon Gibbons, chair of campaign group Debt on our Doorstep, says that just relatively small increases in interest rates - within the range of some economist's forecasts - could spell financial doom for many. And this, in Mr Gibb...

Barclaycard and Oyster have signed a deal to roll out a combined travel and credit card next year. It is understood that the financial service company has signed a three-year deal with Oyster operator TranSys and Transport for London. Barclaycard will conduct live trials on its Barclaycard and Connect Visa cards in London early next year with plans to roll out the technology across its...

Dec. 13 (Bloomberg) -- U.K. banks including HSBC Holdings Plc agreed to pay a premium to companies that put automated teller machines in lower-income areas, making it possible to set up 600 new free ATMs. Banks will pay a ``30 percent to 50 percent premium per transaction'' above their standard fee to operators who set up free machines and provide access to customers, a government grou...

The UK has seen an 8,000% increase in fake internet banking scams in the past two years, the government's financial watchdog has warned. The Financial Services Authority (FSA) told peers it was "very concerned" about the growth in "phishing". Phishing involves using fake websites to lure people into revealing their bank account numbers. The amount stolen is still relati...