Monthly Archives: June 2016

Are you registered to vote? It could help your credit report

Are you registered to vote in the UK? It could help your credit report.

The EU referendum takes place on 23 June, and you must have registered on the electoral roll by 7 June in order to be eligible to vote in it.  For a postal vote, your application needs to arrive by 5pm on 8 June, while the proxy vote (someone else voting on your behalf) deadline is 5pm on 15 June.

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Contactless payments: Older shoppers take the lead

contactless-payment-300Contactless card spending is on the up – and the grey pound is the engine behind it. Spending money with contactless payments topped £1.5bn in a month for the first time in March, with one in seven card transactions now contactless compared to one in 16 a year ago. 

The figures are also more than double those in August 2015 when we last featured contactless payments on this blog.

Experts put it down to older shoppers catching up with young people, with research from Barclaycard finding that the number of ‘tap and go’ payments made by those 60 or over has increased by 116% over the past year.

The 18-24 age group has seen a 49% rise, while among 26-45 year olds it has gone up 65% – however in the 46-60 year old age group, the number using contactless payments has increased by 97%.

The figures arguably that the older generation are increasingly turning to faster, easier (no need to tap in numbers) and arguably more secure contactless payments rather than cash.

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