August 27, 2010
A busker in London has started to refuse cash payments and is now only accepting money for his performances via credit cards.
Peter Buffery plays on a guitar which has been adapted to feature ‘contactless technology’ allowing passers-by in Soho Square to ‘swipe’ a card and give him money.
Okay so it’s a publicity stunt by Barclaycard, however the idea of “swiping” for payment for small amounts certainly will be something that businesses will need to consider for the future.
July 26, 2009
From the BBC News:
The chancellor is to quiz bank bosses over how much they charge small firms for loans, saying he is “extremely concerned” their rates may be too high.
Alastair Darling said the cost of loans seemed to have risen, despite the UK’s record low base interest rate of 0.5%.
He told the BBC that banks had a duty to restore lending levels, saying the government did not rescue the banking sector “out of some charitable act”.