Feeds

12% of UK don't carry cash

One likes to emulate the royalty you know

Designing a Defense for Mobile Applications

Two-thirds of you don't like using cash, and one in eight has stopped carrying it entirely, according to Barclays, which (unsurprisingly) reckon cards are the way of the future.

The research was done by Populus who, at the behest of Barclays and Barclaycard, interviewed 2,000 people and discovered that the average UK wallet contains £23, but that half of us discard pennies and tuppences as pointless, and a third have refused to buy cheap things for fear of breaking a note.

Payment Logo

Forty-four per cent of you know what this means, the rest are presumably looking for a Wi-Fi point

By an amazing coincidence, Barclays and Barclaycard have a solution to our problem: proximity payment cards. Credit cards won't spoil the line of our clothing (cited by 9 per cent as the reason for not carrying cash) and will track every penny we spend too (which 17 per cent said was a key advantage).

Personally your correspondent doesn't carry cash 'cos of the holes in his pockets, sadly they're large enough to lose a credit card through too.

Even better news for the banks is that almost half of consumers now know what the logo that's been appearing on their cards means: 44 per cent of them now know that the lines represent contactless payment, and 65 per cent are aware that cards in general are capable of such a thing.

Some will no doubt be returning their cards, just like those who refused to have their debit cards combined with their cheque guarantee cards back when that was the hot issue, but that will be a decreasing minority.

The banks and retailers are obviously doing a good job explaining that it is to our advantage to get rid of cash, rather than just to their advantage for us to do so. ®

Boost IT visibility and business value

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple ran off to IBM
But never fear fanbois, you're still lapping up iPhones, Macs
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
prev story

Whitepapers

Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.