Payment at your fingertips as Co-op tests checkout scanners
Shoppers in Oxford are being offered the chance to ditch their cash cards in favour of their fingertips. Three shops in the area yesterday launched a system allowing cust...
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Sainsbury's staff told to up pension payments
J Sainsbury announced today it would reduce the payout it offers workers with final salary pension schemes unless they agree to increase payments.
The UK's third biggest...
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OFT may reduce late payment fees for credit cards
The Office of Fair Trading is believed to be considering limiting the size of the fee that the country's credit card companies can charge late payers in a move that could...
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Debt firms rapped over payment plans for benefit claimants
People on state benefits with huge debt problems are being put into expensive, and often inappropriate, repayment plans by some of the growing number of firms specialisin...
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Issuer defends payment card for kids
A payment card issuer today defended its decision to issue pre-paid cards to children as young as 13, claiming they helped stop bullying and promoted good financial manag...
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AIG considers $1.5bn payment to settle suit
American International Group, one of the world's biggest insurers, could be preparing to pay one of the largest penalties to settle fraud charges. The insurance firm is r...
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Banks promise swifter payments system
The banking industry announced plans yesterday for a faster payment system enabling internet and telephone payments to be made on the same day. Before the end of 2007 peo...
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Nigeria's unfair payment to Britain
This year the UK government has been praised for putting Africa at the centre of the global agenda. It is therefore with dismay that we see that as a part of a debt cance...
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Brussels paves way for speedier cross-border payment system
European consumers will be able to make electronic payments anywhere in the EU within 36 hours under new laws proposed by the European commission and designed to save the...
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DTI plan fails to close loophole on payment of overseas bribes
The government is planning to keep open a loophole which allows British companies to pay bribes, despite having lost a court case brought by anti-corruption campaigners.
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