News & Views - Savantor

More contactless on the way

Thursday, 01 February 2007

Further evidence is seen this month of the continuing move towards contactless payments in the UK with Barclaycard's terminal for taxi cabs.  Also interesting to note the continued decline in cheque usage and acceptance and the first indications of a decline in credit card usage as consumers continue to switch to increased usage of debit cards.  With the push to contactless increasing, particularly on debit cards for small purchases, we may be witnessing the beginnings of a significant change of consumer behaviour for UK cardholders as concerns over debt may be pushing credit cards to the back of the wallet.

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