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| | Dear Subscriber, It only takes a second. That’s the main takeaway from Barclay’s new ‘Be Fraud Smart’ video, which shows just how easy it is for someone to become a victim of cash machine fraud. Can you spot when the crime starts and ends?
Elsewhere in the newsletter, we look at the findings of a new report, which says that British people use mobile banking apps four billion times a year! The findings also suggest that contactless cards are continuing to grow, with monthly spending topping £1.1 billion in March.
It has also been a big week for big deals as MasterCard announces its £700 million acquisition of British company, VocaLink, whilst Visa partners with PayPal to make their products work “more collaboratively”.
Enjoy!
| | Barclays has released a video showing a typical, yet complex, ATM scam that leaves people completely in the dark about the fact that they have just been scammed. | | | Mobile banking in the UK being described as a “consumer-led revolution” and that’s not a surprise given that customers are using them 7,610 times every minute – four billion times a year, according to a new report by the British Bankers’ Association. | | | In another big deal for the global payments industry this week, credit card firm Visa has inked a partnership with digital payments processor PayPal. | | | MasterCard has bought Vocalink for £700m ($920m) in a deal that has been rumoured for months. | | | | |