Latest news with #paymentoptions
BBC News
5 days ago
- Business
- BBC News
Lincoln shopper feels 'held to ransom' by contactless payments
A shopper said he felt "held to ransom and bullied" by the "phenomenal" amount of businesses which only accept contactless Wicks, 62, from Ingoldmells, Lincolnshire, said he believed people should have more choice as to how they can Wicks said he was recently unable to use public toilets at Waterside Shopping Centre in Lincoln which have only accepted a 20p charge by contactless payments since Shopping Centre has been contacted for comment. Mr Wicks said he did not mind the fee, but said he felt "frustrated" by the lack of payment options and people should not be "held to ransom" by companies. "I don't see why people should be bullied into things they don't agree with.""We're meant to be inclusive and democratic in this country yet we've been stopped from using toilets because businesses have decided they want us all to be contactless," Mr Wicks said it was unfair the public had no say in the rise of contactless payments. "It's not been voted on. We haven't had a referendum have we?" In June 2021, Age UK published a report on how the decline of cash was affecting older people. It said there was a "critical importance of cash to older people in a world which is increasingly forcing all of us to use digital payment and banking services".The charity warned the government and industry needed to take action to protect access to cash to ensure "millions of older people and other citizens are not cut off from their money".A further report in May 2023 said: "No matter what advances in technology occur, there will always be people who depend on cash."It is imperative that it remains in circulation and as a payment method for retail customers." Mr Wicks said he contacted his bank and asked for the contactless option on his card to be disabled. "I won't have one, I don't want it and I don't see why anyone else should if they don't feel that way." Bill Draycott, from Lincoln, said he used contactless payments "very seldom".He said he was concerned scammers could access his money."I just prefer cash really," he said. However, Ben Whitfield-Heap, from Lincoln, said: "I don't think we need cash anymore." He said he often used contactless payment methods. Helen Lloyd, also from Lincoln, said she used contactless several times a day and had "never had a problem". According to UK Finance, contactless payments accounted for 76% of all debit card transactions made during March Richardson, deputy editor of Which? Money magazine, said contactless methods were secure and could be trusted."We've had over 10 years of mass contactless use with very little in the way of fraud," he said."Everyone thinks about fraudsters running off with our cards. Whilst that occurs, it's actually a very small amount of fraud."Listen to highlights from Lincolnshire on BBC Sounds, watch the latest episode of Look North or tell us about a story you think we should be covering here.
Finextra
6 days ago
- Business
- Finextra
Mastercard and PayPal partner to increase choice at the checkout
PayPal is working with Mastercard to use the latter's new One Credential feature to offer shoppers more payment options at the checkout. 0 Unveiled earlier this year, One Credential is a single digitally connected credential that provides consumers and businesses with a multitude of scheduled payment options spanning debit, instalments, prepaid and credit. Mastercard and PayPal are now co-developing features that tap this technology to offer shoppers multiple, personalised payment options through a single card and a simple digital first experience. The partners are pitching the move as a way for PayPal users to "build healthier financial habits" by making it easier to move from debit to "structured credit" to build credit worthiness. The partnership comes in the same week that PayPal tapped Mastercard for its new physical credit card. 'We're excited to empower consumers with more choice and control over how they pay together with PayPal, building on our collective strength of global payments innovation,' says Bunita Sawhney, chief consumer officer, Mastercard.
National Post
22-05-2025
- Business
- National Post
KAYAK and Affirm expand exclusive partnership into Canada
Article content Article content TORONTO — Just in time for the busy summer travel season, KAYAK, the world's leading travel search engine, and Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, today announced the expansion of their exclusive partnership into Canada. This builds on the companies' successful collaboration in the U.S., which has empowered consumers to plan and pay over time for their travels since January 2023. Article content By selecting Affirm at checkout on approved KAYAK travellers in Canada can split the total cost of flights, accommodations, and car rentals/sharing into monthly payments. From there, consumers go through a quick, real-time eligibility check. If approved, they can choose the customized payment plan that best suits their needs and never pay any late or hidden fees. Article content 'Consumers are increasingly turning to Affirm when booking their flights, hotels, rides, and more as flexible payment options remain a top priority for travellers across Canada,' said Wayne Pommen, Chief Revenue Officer of Affirm. 'This expansion with KAYAK is a natural next step for our long-standing partnership as we look to offer even more travellers peace of mind when paying for their next trip using Affirm.' Article content 'Our partnership with Affirm opens up possibilities for travellers who are looking for more flexibility in their payment options. With international flight prices averaging $1,270 1, travellers can plan and pay for those bucket list trips over time, without any hidden fees,' said Paul Jacobs, GM and SVP of KAYAK North America. Article content Expanding with KAYAK into Canada further builds on Affirm's rapid growth worldwide, with over 350,000 merchants offering Affirm at checkout, including partnerships with Booking Holdings brands Agoda, and Priceline. Leading Canadian retailers, including Amazon, Apple, Samsung, Brown's Shoes, CheapOair, and more offer Affirm's payment solutions to their customers. Article content About Affirm Article content Affirm's mission is to deliver honest financial products that improve lives. By building a new kind of payment network—one based on trust, transparency, and putting people first—we empower millions of consumers to spend and save responsibly, and give thousands of businesses the tools to fuel growth. Unlike most credit cards and other pay-over-time options, we never charge any late or hidden fees. Follow Affirm on social media: LinkedIn | Instagram | Facebook | X. Article content KAYAK, part of Booking Holdings (NASDAQ: BKNG), is the world's leading travel search engine. With billions of queries across our platforms, we help people find their perfect flight, stay, rental car and vacation package. Trusted by millions of travelers, the KAYAK app makes travel planning seamless on iOS and Android, and we also support business travelers with our corporate travel solution. Article content Rates from 0-31.99% APR (subject to provincial regulations). Payment options through Affirm Canada Holdings Ltd. ('Affirm') are subject to an eligibility check and depend on purchase amount, vary by merchant, and may not be available in all provinces/territories. A down payment (or a payment due today) may be required. Article content Article content Article content Article content Article content Article content
