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One-Fifth Of Payments Now Contactless In The UK

PYMNTS

The UK Cards Association, the trade body for the card payment industry in the U.K., found that buyers used contactless cards for 21 percent of card payments in August of this year. Further findings show that the value of an average contactless card transaction has also risen in the U.K.: in 2016 ($8.90

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Online Purchases Rule The UK Commerce Arena

PYMNTS

Cards Association (UKCA) found that cashless purchases made through debit and credit cards more than doubled in the past decade. billion purchases were made by credit and debit cards. In 2016, U.K. card-not-present transactions numbers. card-not-present transactions numbers. In 2006, 6.7

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U.K. Sees Card-Not-Present Purchases Soar

PYMNTS

With the popularity of online shopping, it should come as no surprise that there’s been an uptick in card-not-present purchases. Cards Association (UKCA) finds that the amount of purchases made through debit and credit cards has more than doubled in the past decade. A new report from the U.K. There were 6.7

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The Buyers: UK Shoppers’ eCommerce Habits

PYMNTS

Between 2015 and 2016, U.K. have doubled the amount of cashless payments within the past decade due to the increased use of debit and credit cards, according to the UK Cards Association (UKCA) research we shared last week. billion purchases to 2016 at 16.4 Online retail sales in the U.K. From 2006 at 6.7

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Is Clover a Good POS System for Your Business?

Synapse Payment Systems

Easy gift card processing is one reason Clover is a good POS system for many small businesses that want to grow. Gift cards are a great way to increase customer loyalty, customer base, and revenue. The latest research suggests that the gift card market is currently valued at $162 billion in 2022 and will grow to $388 billion by 2027.

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Still No Transaction Fees On Contactless Payments With AIB

PYMNTS

The UK Cards Association reported that, as of Nov. 2016, there were more than 100 million contactless cards in issue in the U.K., According to Finextra , AIB customers are using contactless payment for more than 5 million transactions each month — and that number is only expected to grow.

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UK Contactless Spend Hits £1.5B Milestone

PYMNTS

Cards Association announced on Thursday (May 19) that the monthly spending on contactless cards reached a record £1.5 billion in March 2016. Today, one in seven of all card transactions that take place in the U.K. 2015, monthly contactless spending hit £1 billion. In a news release , Richard Koch, U.K.