27th January 2022 - Credit Connect

Nine in ten card transactions were contactless in 2021

27th January 2022 Consumer Lending | #payments

New data from Barclaycard, which sees nearly half of the nation’s credit and debit card transactions, reveals that 91.1% of all eligible card transactions in 2021 were made contactlessly, with the total value of contactless payments made increasing by 40.2%, year-on-year. The data also shows that shoppers increasingly opted for ‘touch and go’ at the…

2022 Credit & Collections Technology Awards opens for entries

27th January 2022 Consumer Collections |

The 2022 Credit & Collections Technology Awards have opened for entries. Launched in 2017, the fourth annual awards seek to recognise excellence in credit and collections technology. The Credit & Collection Technology Awards powered by Credit Connect are judged by independently selected judges from across the industry, who have the enviable task of identifying the best and greatest…

Two-thirds of business leaders seeking funding to grow in 2022

27th January 2022 Business Lending | #business funding

Following two years of uncertainty and consecutive lockdowns, 61 per cent of business leaders said that they are seeking business finance to expand and hire in 2022. Furthermore, 63 per cent revealed that they already have plans to look for equity investment in their business during 2022 according to research by Capitalise. The report, titled…

Scottish business insolvencies increase by 17.9%

27th January 2022 Business | #business insolvencies

Latest figures from Accountant in Bankruptcy (AiB) has indicated that business insolvency numbers (liquidations and receiverships) in Scotland for the year ended 31st December 2021 were 17.9% higher than in the year ended 31st December 2020, at 704 (2021) against 597 (2020). Whilst the number of business insolvencies (liquidations and receiverships) in Scotland rose by…

Scottish personal insolvencies fall

27th January 2022 Consumer Collections | #personal insolvencies

Latest figures from Accountant in Bankruptcy (AiB) has indicated that personal insolvency numbers (bankruptcies and protected trust deeds) in Scotland for the year ended 31st December 2021 were 16.9% lower than in the year ended 31st December 2020, at 7,543 (2021) against 9,078 (2020). The number of personal insolvencies (bankruptcies and protected trust deeds) in…

Credit protection change is a significant step forward for business customers

27th January 2022 Industry opinion |

Measures to provide better protection to business customers who have built up credit on their water accounts mark a significant step in the right direction. CCW has welcomed the decision taken by regulator Ofwat to try and ensure businesses are given clearer and more frequent information by the water retailers that bill them on the…

Single-parent families with debt struggling with cost of living

27th January 2022 Consumer Collections |

New analysis from Citizens Advice shows the struggle that many people, particularly single-parent families, have with debt as the cost of living crisis starts to bite. Citizens Advice’s figures show that around 280,000 people in England and Wales sought one-to-one help with debt in 2021, with many more using its website. Of those, almost 70,000…

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