MoneyExpert: One Million Credit Card Terminals At Large In The UK
September 28th, 2006 | POSTED BY ROB
A million point-of-sale (POS) terminals are now available in the UK, as the one millionth official machine turned on, September 26th.
The Thrifty Scot reported that POS terminals have increased in number by 36 per cent since December 2000.
The UK card payments association Apacs confirmed the milestone millionth POS, adding that cash has not been ‘king’ since December 2004 when plastic overtook it as the preferred method of payment.
Director of communications at Apacs, Sandra Quinn, said: “More and more retailers are realising the benefits of providing their customers with the option to pay by card.
“Similarly, the speed, convenience and enhanced security of plastic means people are far more willing to use plastic.”
Apacs added that UK consumers paid with cards six billion times in 2005.
This article: © Moneyexpert Ltd.
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