The popularity of contactless payments, online shopping and smartphones is having a significant effect on how we manage our money and pay for things, leading to debit cards overtaking cash as the most frequently used payment method in the UK, according to the latest research from UK Finance. The latest UK Payment Markets report shows…

South Tyneside Council has announced that they have agreed on a collection contract with judicial services firm, Marston. Marston will enforce failed debt payments on behalf of the council and South Tyneside Homes, the firm will also take from debtors at the local authority’s request. Cabinet member for resources and innovation and chairman of South Tyneside Homes, Coun…

Over a quarter (26%) of consumers have been unable to pay a household bill, as the statement amount was higher than expected, according to a new report. This figure has jumped by 10% since similar research was completed in 2016. Ongoing price hikes across a range of sectors – including gas, electricity and broadband – in…

National Audit Office’s (NAO) report into Universal Credit suggests that the government’s flagship benefits system has been too slow to roll out, causes hardship, and is not delivering value for money. The NAO says the £1.9bn Universal Credit system could end up costing more to administer than the benefits system it is replacing. Some claimants waited…

Experian has been named among the top 100 most innovative companies in the world for the fifth year in a row by Forbes magazine. In the publication’s eighth annual list of the “World’s Most Innovative Companies,” Experian climbed to the rank of 57th and was amongst the top 10 most innovative companies headquartered in Europe.…

UK Finance has published its latest mortgage trends figures which reveal that there was strong growth in remortgaging in April 2018, with new homeowner mortgages up 36 per cent and buy-to-let remortgages up 32.4 per cent compared to the same month a year earlier. UK Finance has also published a blog analysing the factors driving…

A new service enabling people to report the death of an individual to several major financial services providers at the same time has been launched. The free, online Death Notification Service is available to anyone who wishes to notify, in a single step, one or more of the member organisations1 that a customer has died. The gateway service…

Yahoo! UK Services Limited has been fined £250,000 by the Information Commissioner’s Office (ICO) following a cyber-attack in November 2014. The incident was publicly disclosed in September 2016, almost two years after it had taken place. Because of when the breach happened, the ICO’s investigation was carried out under the Data Protection Act 1998. The ICO said…

Dixons Carphone has announced that it has launched an investigation into unauthorised data access breach, The company says that as part of a review of our systems and data, it has determined that there has been unauthorised access to certain data held by the company. A promptly launched investigation has engaged leading cyber security experts and added extra…

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