All Banking & financial services articles
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News
MONEY TALK: The only people to really benefit from real time fuel price notifications will be app and website developers
It didn’t take very long into the new year for politicians to make themselves look either desperate for popularity or just plain silly, with their proposal to force fuel retailers to share price changes within 30 minutes.
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Promotional Feature
How forecourts can revolutionise payment services
When it comes to payment services, customers are looking for a convenient and seamless experience. Find out why flexible mobility cards can be the answer.
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Analysis
MONEY TALK: January blues
It’s the first month of the year - supposed to be the month of fresh starts, new resolutions and opportunities, and brightening days. So why do so many people dread January?
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Analysis
MONEY TALK: Another ‘Autumn Statement’
Just so that we all remember (after all, there seem to have been so many in recent years) the latest/current Chancellor is still Jeremy Hunt, and he delivered his government’s latest Autumn Statement (also known as a ‘mini-Budget’) on November 22.
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Equipment News
Suresite to power new PitStop platform with ‘world-leading’ mobile payment technology
Forecourt payment technology provider Suresite is to power its new PitStop platform with mobile payment technology from Cloudics, described as a ’world leader’ in cross-business mobile payment and advanced forecourt control technology.
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News
Motorists under the radar, but welcome boost for business in Autumn Statement
A boost for businesses, while motorists can breathe a sigh of relief, following today’s Autumn Statement by Chancellor Jeremy Hunt.
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Analysis
MONEY TALK: The prognosis is not good
Amidst the ongoing humanitarian horrors of the war in Ukraine, and now the re-ignited situation in the Middle East, it may seem callous just to discuss the effect of those conflicts on oil prices.
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Analysis
MONEY TALK: Investment projects always carry risks
There has been a great deal talked and written recently about investment projects - particularly in light of the government’s decision on what to do with the partially-built HS2 rail project on which they have already spent over £70bn.
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Analysis
MONEY TALK: Retail struggles – adapt or become extinct
There’s an awful sense of déjà vuwhile watching the current death-throes of yet another large, well-known high street retail chain.
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News
Industry coalition calls for protection of cash in letter to Chancellor
A coalition of businesses, charities and consumer groups have joined forces to issue an open letter to Jeremy Hunt, Chancellor of the Exchequer, urging for the protection of cash as a critical payment method for both consumers and businesses.
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Analysis
MONEY TALK: Forecourt crime - dangerous, expensive, and only sometimes avoidable…
There have been a number of recent news pieces in the media relating to crime suffered by retailers: some generic, one or two specific to the fuel sector.
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Equipment News
Volumatic offers advice to business as more bank branches close
With the trend for digital and online banking having gained momentum over recent years, and footfall to banks dropping considerably and as a result, the closure of a large number of bank branches around the UK, access to cash for businesses has been getting harder and harder.
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Analysis
MONEY TALK:‘Gross Margins’ aren’t even half of the story
It was interesting to see a collection of senior representatives of some of the largest retail chains being ‘grilled’ (as the popular media like to call it) by a collection of MP’s from the Business & Trade Committee on the subjects of prices and inflation, particularly their alleged ‘profiteering’ in the current inflationary period – not least in the area of fuel retailing.
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Analysis
SERVICE CENTRE: Card payment confusion - Fire station or Service Station?
I got an email from Jon Brownsey in Hampshire saying: “I have an interesting situation which, while not causing me a problem directly, is resulting in a number of customers ’phoning to check they have paid me and not someone else.
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Analysis
MONEY TALK: Assets and depreciation
Perhaps you’re in the fortunate position where you’ve just been able to invest a lot of money revamping your site. New tanks, pipework and some the latest very flash pumps, just for starters.
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Analysis
MONEY TALK: Inflationary issues
According to the Office of National Statistics, the inflation rate in the UK (using the Consumer Prices Index (CPI) in the 12 months to March of this year (the latest available figure) was 10.1%, which was slightly below the rate in February (10.4%); this following an annual rate overall of 9.1% during the calendar year 2022.
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News
ACS calls for government action as it launches new tool to track vanishing free-to-use ATMs
The Association of Convenience Stores (ACS) has written to the Economic Secretary to the Treasury Andrew Griffith MP calling for action to protect access to cash cross the UK, highlighting the increasing number of convenience retailers being forced to switch from free-to-use ATMs to charged ATMs.
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Analysis
MONEY TALK: Needed urgently - action on diesel prices.
As any regular readers of this column may have noticed, it is not very often that I find myself agreeing with the ‘consumer champions’ who accuse the forecourt retail industry of ‘over-pricing’ fuel.
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Equipment News
Volumatic encourages businesses to invest in cash handling technology post Budget
When Chancellor Jeremy Hunt delivered his latest Budget, he confirmed that the UK is expected to avoid going into a technical recession in 2023 and promised to remain vigilant and take any necessary action to ensure economic stability over the coming year.
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Analysis
MONEY TALK: It’s all automatic. Or is it?
Having recently been asked to help ‘sort out’ some company accounts that were ’a little behind’, it came as something of a shock to log in to their accounting system only to find the first screen showing over 700 (yes, that’s seven hundred!) unreconciled bank transactions on just one of (several) bank accounts.