4 ms·

I think the compelling case for this is less about shops - most of which (at least in the UK) already have some form card processing - but more about things lik

by adamt 12y ago

I think the compelling case for this is less about shops - most of which (at least in the UK) already have some form card processing - but more about things like tradespeople (plumbers, decorators, electricians etc) or other physical services (e.g. music teachers) Within a few years cheques will be phased out in the UK. This means the only way to pay a carpenter, or a plumber is in cash or a money transfer. Money transfers to new suppliers always take a bit of faff to setup, and a card payment like this would often be easier.

andyjohnson0 12y ago
Cheques are not being phased-out in the UK. From the government FAQ [1] published in 2011: Are cheques being phased out? No. The Payments Council announced on 12 July 2011 that cheques will continue for as long as customers need them. A previously announced target for closing the cheque clearing system by 2018 has been cancelled. [1] https://www.gov.uk/government/news/frequently-asked-questions-on-the-closure-of-the-cheque-system https://www.gov.uk/government/news/frequently-asked-question...
rahimnathwani 12y ago
"Money transfers to new suppliers always take a bit of faff to setup" How so? If I want to send money to a UK bank account to which I've not send money before, I: 1. Open my bank's app on my phone 2. Tap 'send money' 3. Type in the amount, the 6-digit sort code, the 8-digit account number, the person's name 4. Hit 'Send'. It's a little slower than swiping a card, but it also feels safer, as I don't have to give someone physical access to my card.
- sjtgraham 12y ago
  Who do you bank with? I bank with both Natwest and Barclays and neither of those will let you set up a new payee on their mobile apps. Sure you can send money, but only to payees you have set up online using 2FA.
  - nicholassmith 12y ago
    I think Barclays will be adding the new payee option soon to the mobile app, as they're trying to promote it as the way to do stuff. Plus they have PingIt which basically does the same thing, but is a bit of a faff for the receiver.
  - deleted 12y ago
    [deleted]
  - rahimnathwani 12y ago
    First Direct. The iPhone app itself acts as the 2nd factor.

by adamt 12y ago

andyjohnson0 12y ago

Cheques are not being phased-out in the UK. From the government FAQ [1] published in 2011: Are cheques being phased out? No. The Payments Council announced on 12 July 2011 that cheques will continue for as long as customers need them. A previously announced target for closing the cheque clearing system by 2018 has been cancelled. [1] https://www.gov.uk/government/news/frequently-asked-questions-on-the-closure-of-the-cheque-system https://www.gov.uk/government/news/frequently-asked-question...

rahimnathwani 12y ago

"Money transfers to new suppliers always take a bit of faff to setup" How so? If I want to send money to a UK bank account to which I've not send money before, I: 1. Open my bank's app on my phone 2. Tap 'send money' 3. Type in the amount, the 6-digit sort code, the 8-digit account number, the person's name 4. Hit 'Send'. It's a little slower than swiping a card, but it also feels safer, as I don't have to give someone physical access to my card.

sjtgraham 12y ago
Who do you bank with? I bank with both Natwest and Barclays and neither of those will let you set up a new payee on their mobile apps. Sure you can send money, but only to payees you have set up online using 2FA.
- nicholassmith 12y ago
  I think Barclays will be adding the new payee option soon to the mobile app, as they're trying to promote it as the way to do stuff. Plus they have PingIt which basically does the same thing, but is a bit of a faff for the receiver.
- deleted 12y ago
  [deleted]
- rahimnathwani 12y ago
  First Direct. The iPhone app itself acts as the 2nd factor.