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Archives | Year: 2016

Half Of UK Adults Carry Less Than £5 Cash As Mobile Payments Rocket

It may not surprise you to learn that cash is becoming ever more unpopular as time goes on. According to recent research, only around half of all adults (47%) carry up to a five-pound note on them and only 7% carry £50 or more. Instead of cash, people are relying...

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UK’s First Fully Cashless Store To Be Opened By Waitrose

After announcing its intention to open a cashless store earlier in the year, Waitrose have finally done so. The location of this flagship store is Sky Central, the Sky network’s head office in Osterly. The UK’s first cashless store was initially announced in March 2016. It is a 1400 square...

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4 Amazing Benefits Of Mobile Card Payments

If you are looking to grow your business, embracing mobile card payments can really help. They not only make it really easy for your customers to pay you but can also optimise your point-of-sale processes, as well as: 1. Significantly cut down consumer hesitancy when deciding to purchase The added...

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More Than 60 Contactless Card Payments Per Second In Feb 2016!

Data released by The UK Cards Association has shown that in February of this year (2016), there were over 60 transactions being made via contactless every single second! The UK Cards Association’s Head of Policy, Richard Koch commented: “With more than 60 transactions taking place a second, it is clear contactless card payments are becoming...

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We Are Recruiting

TRANSAX is recruiting sales professionals now. With an ever-increasing portfolio of the latest card machines, coupled with innovative new payment solutions such as next day payment, TRANSAX Merchant Services is a convincing proposition that attracts hundreds of business customers to join, each month. To meet this growing demand – and...

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Birmingham Public Transport Finally Getting Contactless Payment

National Express West Midlands has recently expressed their plans to make catching the bus a whole lot easier for its customers. Buses in the West Midlands are finally about to have technology to allow customers to use contactless payments. National Express West Midlands’ Managing Director, Peter Coates, commented: “We know...

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7 Facts About Contactless Card Payment Security

With more and more people using credit and debit cards for everyday transactions instead of cash, concerns are growing about the contactless card fraud. Concerns about contactless card fraud have been increasingly steadily as continued reports (although alleged and unverified) continue to be released out into the public domain. In...

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Payment Card Fraud In The UK On The Increase

With an ever-increasing number of people using cards over cash to pay for goods and services, it should perhaps come as no surprise to learn that card fraud is on the rise. This means that it is increasingly important for retailers to be aware of the risks and how they...

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UK Pulling Away From Cash & Towards Contactless Card Payments

Over the past year we have seen many new technologies be embraced by the UK consumer but especially prominent has been the move away from cash towards a cashless society. The UK is now very much a ‘cash-second’ economy. According to Visa Europe’s recently released annual report, contactless payments have...

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The Latest Figures For UK Contactless Card Payments

When contactless payment technology was first introduced, consumers as well as retailers were quite slow at embracing it. However, uptake of the technology has now dramatically increased over the past 12 months across the whole of the UK. This means that everyone in retail, as well as business, should most...

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