Community

As if the number of drivers using their mobiles on the Motorway wasn't bad enough....Now we'll have them tucking into their pizzas....Or potentially doing both :-(

This is encouraging. It challenges the somewhat patronising attitude re technology of generations y and z over the baby boomers.  If you think about it, there are real benefits to those who may find getting out and about a little harder, of having their bank brought to their own home.

With the sheer number of additional 'terminals' that are now open to contactless, this may well be a game-changer.

@Taginder & @John: For the likes of you, me and most Finextra readers, of course, paperless is the future.  But we're not a representative sample of the population.  In the UK, an attempt was made to end cheques by 2018, but it was vehemently rejected.

If I'm paying my kids' generation 'Y' babysitter, PayM etc... is probably a no-brainer.  If I'm paying their 70 year-old piano teacher, who has neither a smartphone nor a PC, paper is still the only option.  Time spent on familiarising with new technology would be better spent on scales and arpeggios!

This is good news, all round.  Quicker access to funds and no need to trek to branches with a piece of paper.  However, for those who aren't comfortable with new electronic payment methods, they still get to use a payment method that they trust.

Fraud (and stopping it!) will be the interesting discussion....

Sounds like Red Nose Day has got its first joke in early.

@Alexander - Not all of the money is sitting with the banks though, is it?  When the wallet is 'topped up', that money is with the likes of Apple etc...and very nice it is for them too! So, disintermediation of the banks, in the sense that they are performing the 'top-up' transactions, rather than the mutiple payments from those top-ups.

And now with the biometric authentication of those payments.......hmmm

The term 'wallet' is certainly being misused an awful lot! But why would a card issuer want to provide consumers with anything other than a tool to encourage use of their product?

It would be nice if the RBS Help Desk person checked their English before responding to the tweet.

Useful - but what would this service provide that you couldn't get from a service, such as Evernote?