Browsing "Credit Cards"

Is your partner cheating on you financially?

Jan 23, 2014   //   by Keith McDonald   //   Credit Cards, Personal Debt  //  Comments Off on Is your partner cheating on you financially?

Visa Contactless

We don’t like discovering dirty secrets, and they don’t come much dirtier than lying about money.

Money worries are one of the biggest causes of relationship strain, but the damage can become irreparable if one partner becomes secretive and begins lying about their finances to keep the arguments at bay.

A live interactive web TV bulletin took place this week to help people spot the signs and think about ways to solve the problem.

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Taking a Closer Look at Your Credit Report

Dec 13, 2013   //   by Keith McDonald   //   Credit Guides, Personal Debt  //  2 Comments

Experian Credit Score Summary

Your credit report, also known as a credit file, is an important repository of information. It is routinely used by lenders to help decide whether to approve your application for a loan, credit card or mortgage. It may also help the potential lender determine the terms of your arrangement.

It is important to note that your credit report is not the definitive factor in whether you will be granted credit. Still, it is a useful indicator, and as a result, it is important to know exactly what might be in your credit report and exactly how you can access it.

Firstly, let’s be clear that not anyone can compile a credit report on you. In the UK, there are three registered credit reference agencies permitted to compile the relevant information and sell it to a potential lender for a fee. Most obviously, these include banks and building societies, but potential lenders might also include innocuous mail order companies and mobile phone companies who may also want reassurances that you will pay on time.

Credit reports can also be used for employment purposes when it comes to deciding on hiring or promotion. However, they cannot be used for this purpose without your prior, written permission.

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Contactless Cards: Have You Joined the Revolution Yet?

Sep 13, 2013   //   by Keith McDonald   //   Credit Cards, Technology  //  Comments Off on Contactless Cards: Have You Joined the Revolution Yet?

Visa Contactless

Have you joined the contactless revolution yet? There are now 34.5 million ‘contactless’ cards in circulation, carrying out eight million transactions every month. And numbers are steadily growing as retailers rush to join the bandwagon. So, what are contactless cards, how safe are they and what are the advantages of using them?

The system works using radio frequency identification technology (RFID) – similar to that used for Oyster cards – which allows card holders to ‘tap’ their debit or credit cards against a terminal to pay for transactions up to the value of £20.

It was designed to deliver a quicker and more efficient payment method for small transactions that would save time for customers and retailers. It also allows customers to monitor more of their spending, as all transactions are itemised on statements.

The service has not gone without a few hiccups. Shortly after M&S installed the contactless payment system across 644 stores earlier this year, some customers reported that the terminals had inadvertently taken payments from cards held much further away.

And this is a particular problem when customers are accustomed to ‘swiping’ their entire wallet for the one contactless card to be registered.

Contactless cards can now be used to pay for bus journeys in London, with passengers receiving the discounted Oyster fare. But they will encounter problems if they raise a wallet or cardholder containing more than one contactless card towards the payment terminal.

Additional concerns about security remain, as customers are only rarely asked to enter a PIN. If a card goes missing, it’s fairly easily for a fraudulent user to rack up a number of small-value transactions.

But this is guaranteed by the banks, says Dave Birch of Consult Hyperion, which makes it even safer than cash.

If somebody stole my wallet right now, it’s got my contactless Visa card in it and it’s got £20 in it. I’ll never see that £20 again, whereas if some miscreant steals my card and goes and buys a few coffees with it, the bank will give me the money back. The bank’s promise is unequivocal. So, to me, that’s as safe as it gets.

With more retailers coming on board, it will be difficult to avoid the new age of transaction technology.

So why not learn more about the benefits? Check out this informative video (transcript below) for more details.

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Hard-Up Drivers Desperate to Save – Could New Tyre Labels Help?

Nov 20, 2012   //   by Keith McDonald   //   Credit Cards, Money Saving Tips  //  3 Comments

Need for Speed Throttling Britain's Drivers

The majority of drivers want to save money on fuel, but half confess that they are too stubborn to improve their fuel economy, which could save them £270 per year. Could a breakdown of the potential savings encourage more careful driving habits? Could new EU tyre labelling regulations help drivers to improve their fuel economy? Find out more below.

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Online Banking – All You Need Is Your Wallet

Nov 9, 2012   //   by Daniel Morris   //   Credit Cards  //  Comments Off on Online Banking – All You Need Is Your Wallet

In recent years, online banking has really taken off. And with the introduction of that little keypad we’re all so familiar with, it became a lot easier and secure to manage our accounts online.

Many banks across the globe now require their customers to log in to online banking services using this small device – a system that is considerably more secure than having a standard username and password log-in.

But having to find that bulky device – and it would seem using them as well – can sometimes be frustrating if you want to quickly transfer some money or simply check your balance. That was, until now.

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Small Businesses Could Have A New Way to Get Paid

Nov 7, 2012   //   by Daniel Morris   //   Banking and Savings Accounts, Credit Cards  //  Comments Off on Small Businesses Could Have A New Way to Get Paid

It’s an unwritten rule that technology becomes outdated every few months, with something new and exciting – and often a lot better – coming out that makes all models that came before it look like a rock with a number pad carved into it.

And after a year of great improvements in the way we pay for services and goods, it seems that there’s at least one more trick in the bag to move us away from our cash. Which is looking more likely than every with the introduction of 4G Network, Everything Everywhere (EE) in the UK.

This week could see yet another new technology making a step towards a cashless system in the very near future in the form of the iZettle. This small device allows small traders to take credit and debit card payments, and is arriving in the UK after a promising roll-out in markets across the globe.

The small device plugs into a range of smartphones and tablets, and allows the consumer to pay for their products or services through their card rather than in cash, being incredibly handy when looking to pay the plumber, mechanic or window-cleaner. Read More »