Tag Archives: Credit payments

Peoples’ haste benefits contactless payments

Contactless transactions have more than doubled in growth and are set to continue to rise as adoption of the technology increases.

Payment provider WorldPay has reported annual growth of over 226% and said that contactless payments trebled between 2012 and 2013. In the UK, the provider processed 43.6 million contactless payments in December 2013, up from 12.5 million the year before.

Speed and efficiency were rated as the top reasons to use contactless by 93% of users, WorldPay research stated

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Direct debit & credit payments are risky business for retailers

Retailers who rely on automated payments made by direct debit or credit are at risk of losing both money and customers as a result of mistakes made during the initial set up.

Payments made by customers, payments made to suppliers by businesses, and payments made to employees by businesses are among the most common failures within the six billion automated payments that take place in the UK per year.

With each failed payment, retailers are losing their share of the £4.3tn delivered by these automated

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