Some common misconceptions about debit cards cleared up.
Yet helping young savers stay safe is not the same as helping them become financially responsible. In this regard, the industry could do more. For instance, payment products should ensure that regular balance updates are provided via text or a mobile app to help a child keep on top of their spending.
Consumers can look forward to estimated savings of €730 million a year under new EU rules on card payment fees. Legislation
As someone who regularly calls for innovation and necessary disruption in the financial sector it might seem strange, what I am about to say. I don't like contactless cards.
Cyber crime is growing. In 2011, Trustwave, the cyber security firm, performed 42% more investigations into suspected data breaches than in 2010 - largely due to a jump in sophisticated hack attacks on companies' computer systems. That is why it is so important for businesses to be aware of the risks they face online and how they can protect themselves.