Accountancy Age BRITAIN’S BIGGEST BANKS must urgently tackle a low return on equity. That’s the clarion call from KPMG in its latest bank benchmarking report, A Paradox of Forces, which studied the full-year results of the five biggest UK-based banks.  The firm found that while their combined pre-tax profits hit £20.6bn in 2014, up £7.9bn […]

Continue Reading Banks must address low equity return, urges KPMG

New figures published today show that 30 per cent of the value of all spending on cards in January was via the internet, with £15.4bn1 of the £46.5bn total spent in this way. The number of online card transactions made up 12.3 per cent of total card purchases which equates to 118m 2 of all […]

Continue Reading New figures reveal almost a third of card spending now online

The Department for Transport has announced that the government will be working with The UK Cards Association to bring contactless payment to public transport country-wide. Transport Minister Baroness Kramer said that UK Cards will lead a project to coordinate actions among card payment processors, card issuers as well as UK transport operators. As part of […]

Continue Reading Smart travel gains momentum across the country

Be aware, as per the , that your bank or the police will never:

Continue Reading Scams and computer viruses contribute to fraud increases – calls for national awareness campaign

As part of Transport for London’s marking of the six month anniversary of the launch of contactless payments on the capital’s transport network, Richard Koch, Head of Policy at The UK Cards Association, said: `With around one in seven of all contactless transactions in the UK now taking place on London transport, it’s clear that […]

Continue Reading Six months of contactless payments on London transport services

Similar to the last two elections, UK Cards has developed an industry Manifesto to set out key messages on card payments, backed by a range of policy changes which the future government and legislature could deliver to support the industry to further improve the offer to consumers. We sent the manifesto in the form of […]

Continue Reading UK Cards launch 2015 manifesto