Why cash is making a comeback

Why cash is making a comeback The rise of contactless payments and chip-and-pin has gone into reverse. New figures reveal that more of us prefer to use hard currency – whether because our accounts are empty or because we prefer the security of coins and notes.
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Students turn to gambling and medical trials to fund university

Survey of 2,300 students finds 80% do not have enough money to live on, with one in five turning to gambling to find extra fundsStudents are resorting to high-risk strategies to fund the ever-increasing cost of living, according to a survey by money advice website Save the Student.In an attempt to get hold of extra […]
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Cash payments fall as shoppers go ‘alternative’

PayPal surges in popularity as cash payments fall by 10% to account for 54% of transactionsConsumers are increasingly ditching cash and credit cards in favour of alternative payment methods, according to figures from the British Retail Consortium.Although cash remains king, accounting for 54% of transactions in 2012, the number of times it was used to […]
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High streets shrink in 10 out of 12 towns on Mary Portas scheme

Government blamed for inefficient use of money with 95 business units having closed in ailing targetsMary Portas’s scheme to revitalise ailing high streets has failed to stop the rot – with 10 out of the 12 towns selected to share £1.2m of taxpayers’ cash seeing an increase in empty shopping outlets.The towns – Bedford, Croydon, […]
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Peers rumble Sunday newspaper’s sting operation

Updated 5.20pm: Peers have been warned to beware a newspaper sting operation. The whips of all three main parties were informers earlier this week that journalists from “a prominent Sunday newspaper” had approached members of the House of Lords asking them whether they would ask questions in return for payments.Some members who rumbled what the […]
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Is your cash safe with the struggling credit unions?

One a month is now going bust with more forecast to struggleCredit unions are frequently touted as offering an ethical alternative to banks – but are they a safe place to put your cash? UK credit unions are collapsing at a rate of one per month at present, and the liquidator of the latest to […]
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Seven held in raids over pension access scam

Men arrested on suspicion of conspiracy to defraud and money launderingSeven people have been arrested after police swooped on a suspected organised crime gang believed to be behind a pension investment scam that has been dubbed “the new boiler-room fraud”.On Wednesday, detectives entered a City of London office that was being used as a call […]
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Should we quit our failing endowment policy?

Q My husband and I took out an endowment plan 17 years ago to cover a £70,000 interest-only mortgage, into which we have been paying £119 a month. We are selling our house so thought that as we had received repeated warnings that the endowment wouldn’t reach the projected amount, rather than carry it forward […]
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