I2CREDIT Nº 3
Study shows U.K. adoption of contactless, mobile payments is consumer driven
Convenience, rather than security, will be the driving force behind the U.K. adoption of new payment methods, according to an independent survey of 1,000 British consumers.
Por: Contactless News | www.contactlessnews.com
The research, commissioned by Ingenico, the world's largest payment solutions provider, found that contactless cards and mobile handset technology are popular with shoppers already and could prove a viable alternative for cash.
Respondents were questioned on their experiences with contactless pre-paid cards, contactless debit or credit cards and mobile handset payments. While the actual figures of people using the technologies are relatively low (13, 8 and 4 percent respectively), almost half of all respondents would consider using or would definitely use the technology. This is likely to increase dramatically as awareness of the benefits for cardholders increases.
Although the current limit for contactless payments in the U.K. is set at £10 (U.S. $14), the survey found that shoppers are happy for this figure to rise to an average of £35.10 ($50). With mobile handset payments, the average was £32.10 (U.S. $46). However, with the average person carrying £29.30 (U.S. $42) in cash, this opens the door for these more convenient payment methods to eventually replace 'pocket money.'
Mobile handset technology has received the most exposure among British consumers, with 20 percent of respondents having heard of it. Of the 41 percent of people who would consider using or would definitely use the technology, the top three benefits were cited as convenience, a reduction in queuing times and a preference to carry less cash and cards around. Interestingly, only 12 percent of respondents saw the improved security of mobile payment as a benefit.
"Adoption of contactless and mobile payments in the U.K. is going to be fascinating to watch, as it is being consumer-driven," said Gregor Rankin, marketing manager of northern Europe at Ingenico. "British shoppers want speed and convenience at the till and they see how these new payment methods meet their needs. Retailers can also expect to benefit, as increased footfall is one of the recognized advantages of implementing contactless."
Ultimas Notas
I2CREDIT Nº 3
FTC Report Urges Reform and Modernization of Federal Debt Collection Law; Agency Also Issues Annual FDCPA Report to Congress
The Federal Trade Commission issued a report today recommending that the debt collection legal system be reformed and modernized to reflect changes in consumer debt, the debt collection industry, and technology
Por: Federal Trade Commission | www.ftc.gov
Big Changes on the Way in Lending to Students
The Obama administration outlined a vast overhaul of financial aid programs for college students, one that would end years of federal support to banks and other lenders, in its budget proposal unveiled on Thursday.
Por: The New York Times
To forecast or not to forecast?
Beware firms that refuse to issue annual financial targets.DIVINING what the future holds is tricky at the best of times; at the worst, it is devilishly difficult. So why bother? Citing the chaos of the global downturn, a growing number of companies, including Unilever, an Anglo-Dutch consumer-goods firm, Costco, a big American retailer, and Union Pacific, one of America’s big railroads, have decided not to give annual earnings estimates for 2009.
Por: The Economist printed edition
10 Major Steps In the Process of Selling a Business
The sale of a business is typically the single-most significant event in an owner’s business life. As most owners have never sold a business, any apprehension is understandable. If you are contemplating or preparing for the sale of your company, we believe it's critical to understand the typical components of a deal so that you will be ready to embark upon this journey.
Por: Kaulkin Ginsberg's Strategic Advisory Team
Top Two Successful Credit Card Debt Recovery Strategies
The senior executives of many card issuers are increasing their expectations of recovery operations as more recovered dollars are contributing to reported earnings. At the same time, the challenges facing recovery executives, such as increased chargeoffs, lower collectability in contingency networks, and lower proceeds from debt sales, are making such expectations more difficult to meet.
Por: Kaulkin Ginsberg's Strategic Advisory Team
Notas Destacadas
- 2012
- CREDIT PERFORMANCE Nº 36
- CREDIT PERFORMANCE Nº 35
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- CREDIT PERFORMANCE Nº 33
- 2011
- CREDIT PERFORMANCE Nº 32
- CREDIT PERFORMANCE Nº 31
- CREDIT PERFORMANCE Nº 30
- CREDIT PERFORMANCE Nº 29
- CREDIT PERFORMANCE Nº 28
- CREDIT PERFORMANCE Nº 27
- CREDIT PERFORMANCE Nº 26
- CREDIT PERFORMANCE Nº 25
- CREDIT PERFORMANCE Nº 24
