A few days ago Ed. received a call from RBS – his bankers (well he assumed that it was the real RBS), asking if he was currently in Edinburgh trying to cash a dodgy cheque backed by a dodgy driver’s licence, all in Ed’s. name. No said Ed. Thank you for your help, said RBS: we are here to safeguard your money. Happy ending. Well, except that this morning a cheque (on a different numbering sequence) for £7,332 was debited to the company bank account. Well done RBS fraud team for letting through a fake cheque with a fake signature, backed by a fake licence card, having already spotted the problem.
new survey results from USA Technologies (USAT) suggest. The payments technology company, which enables electronic payments for self-service machines, compared consumer spending activity at 35 of its vending machines in urban areas with a high concentration of iPhone users between week one and week four of the installation of new digital signage promoting Apple Pay. Consumers made more contactless purchases: The vending machine providers saw an average contactless transaction revenue increase of 89%, implying that consumers are making more mobile payments. This was likely driven by the clear advertisement of Apple Pay. Total transactions increased: Consumers made more purchases overall. This was probably driven by an uptick in mobile payments, given the major increase in contactless transaction revenue. And the vending machines may have attracted many first-time users who were drawn in by the digital advertising of Apple Pay. Boosting awareness is key to unlocking pent-up demand amon...
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