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Banking News Stories

A fifth of all card payments are now contactless

Updated: 07th November 2016 - First Published: 04th November 2016 Contactless payments have become the norm in recent months, regularly hitting records, and their popularity is going from strength to strength – further highlighted by new findings which show that one in five card payments are now contactless. Read More...

More than £300m sent using mobile phones

Updated: 02nd November 2016 - First Published: 02nd November 2016 The way we pay for things is definitely changing. No longer do we need to rifle in our bags for loose change – now, we can pay with the tap of a card, the flash of a watch or the ease of a mobile phone app, and the latter's popularity is on the rise. Read More...

More people are switching current accounts

Updated: 20th October 2016 - First Published: 20th October 2016 Competition in the current account market remains intense, which means if you’re not happy with your account for any reason, now’s a great time to switch! Happily, more and more people seem to be getting in on the switching action... Read More...

Financial services complaints continue to fall

Updated: 06th October 2016 - First Published: 06th October 2016 Many people feel dissatisfied with their financial providers at times, but happily, it looks as though the most serious complaints are becoming less and less common. Read More...

Contactless spending hits yet another record

Updated: 06th October 2016 - First Published: 06th October 2016 Contactless spending is going from strength to strength, hitting new records on a seemingly monthly basis - and it’s just broken yet another one, with monthly contactless spending having passed the £2bn mark for the first time. Read More...

Average overdraft rate falls by just 0.04%

Updated: 22nd September 2016 - First Published: 22nd September 2016 While many borrowers have benefited from the base rate cut, the same can’t be said for those with overdrafts. Indeed, despite the rate being cut by 0.25%, the average authorised overdraft rate has fallen by a miniscule 0.04%. Read More...

Current Account Switch Service celebrates 3 years

Updated: 22nd September 2016 - First Published: 20th September 2016 Three years since it started, the Current Account Switch Service has now seen over 3.24 million switches. It was designed to give people a simple and reliable way of switching current accounts, increasing competition within the sector. Read More...

Bank Holiday record for mobile payments

Updated: 07th September 2016 - First Published: 07th September 2016 The rise of mobile payments is undeniable, and it seems that new records are being set on a regular basis. The most recent took place around the August bank holiday, with figures from Paym showing that £1m was sent using the service in a single day. Read More...

Contactless spending for 2016 already at record

Updated: 23rd August 2016 - First Published: 23rd August 2016 Contactless spending has been enjoying a surge of popularity for some time, but it’s been seriously ramping up in recent months – in fact, spending on contactless cards in the first half of the year has already outstripped the total for 2015. Read More...

Don’t lose out when lending money

Updated: 15th August 2016 - First Published: 15th August 2016 Lending money to friends, family and even colleagues is a common occurrence for many people, but unfortunately, research from Paym shows that they often lose out as a result – don’t be one of them! Read More...


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