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MasterCard's 'Fare Free Mondays' Returns to London Next Week for Apple Pay Users
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Same, I didn't have any MasterCards until this year.
HSBC, Key, Citi, and Capital One use MasterCard.
I know U.S Bank, Chase, Wells Fargo )uses AMEX & Visa), PNC, and Bank of America uses Visa.
So I do retract what I've said, most of the big banks here in America still lean towards Visa.
For data on UK card use/spend, www.theukcardsassociation.org.uk is useful.
For example,
- 1 in 10 card transactions are now contactless
- About £50 billion is spent on cards, per month
VISA and MasterCard are essentially interchangeable in the UK, with it being exceedingly rare for a business/shop to accept one and no the other. The transaction fees to the retailer are the same (and both are being amended in current legislation).
Most consumer decisions about which card(s) to have are about the bank issuing them, the terms of use, interest rates, and most importantly the associated rewards plan, air miles, points or whatever.
I think this is a great promotion for MasterCard to do with Apple Pay and tfL.
I don't live in London, nor do I have Apple Pay. But it's promotions like this that publicise these things, and allow us to see how the systems handle new processes, when ramped up in volume.
I tend to use a contactless Amex when using the Tube, on visits to London. Whilst I do suspect that using Apple Pay takes a second or two longer, there may be secondary gain over ticket use, of a reduction in invalid tickets being presented, stopping a queue for several seconds.
But only with increased use, and proper observation, will we know how Apple Pay impacts passenger flow and throughput at peak times.
For example,
- 1 in 10 card transactions are now contactless
- About £50 billion is spent on cards, per month
VISA and MasterCard are essentially interchangeable in the UK, with it being exceedingly rare for a business/shop to accept one and no the other. The transaction fees to the retailer are the same (and both are being amended in current legislation).
Most consumer decisions about which card(s) to have are about the bank issuing them, the terms of use, interest rates, and most importantly the associated rewards plan, air miles, points or whatever.
I think this is a great promotion for MasterCard to do with Apple Pay and tfL.
I don't live in London, nor do I have Apple Pay. But it's promotions like this that publicise these things, and allow us to see how the systems handle new processes, when ramped up in volume.
I tend to use a contactless Amex when using the Tube, on visits to London. Whilst I do suspect that using Apple Pay takes a second or two longer, there may be secondary gain over ticket use, of a reduction in invalid tickets being presented, stopping a queue for several seconds.
But only with increased use, and proper observation, will we know how Apple Pay impacts passenger flow and throughput at peak times.
Then London is perhaps different from the rest of the UK? When I show customers how to use contactless in the large (and very well known) retailer I work at, they are usually amazed at it, and I haven't had a single person complain about the security of it etc. In fact I see quite a lot of people using it on a daily basis.
I thought the UK had the highest usage of contactless in Europe?
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What does one have to do with the other????? If you are not happy with Visa, then you must be a **** to keep using it. Is someone holding a gun to your head to force you to use Visa. Where do you people come up with this kind of nonsense??
Make it permanent? You obviously know NOTING about business. In fact, nothing would satisfy you unless you are given as much money as you want by your special benefactor. Where do you people come up with this nonsense???
I was born. Therefore, simply by the "virtue" of being born, I am entitled to anything I want. I shouldn't have to work for a living. I should be able to get all the money I want just by asking for it. FREE, FREE, FREE. I'm telling you people that everything should be free.
I have to stop looking at this forum. There is almost no useful information. But there is, in abundance, the most selfish and self centered bunch of miscreants that I have ever seen. I wish I could take a look at uid15's life. It must be very very pathetic.
what's a card. people still write friggin checks. makes my blood boil.
This would be cool but I have an iPhone 6 and an Apple Watch and using them on TFL made me so anxious I went back to my Oyster card.
Using them was so unreliable, especially the Apple Watch. It would work, then fail, then fail again. My Watch failed 6 times on a bus and the driver just let me on while everyone just stared at me wondering what I was trying to do.
If you try with the other device, you get charged twice!
I love Apple products but they seem to be failing more and more (messages, me.com email etc). They need to concentrate on reliability.
Using them was so unreliable, especially the Apple Watch. It would work, then fail, then fail again. My Watch failed 6 times on a bus and the driver just let me on while everyone just stared at me wondering what I was trying to do.
If you try with the other device, you get charged twice!
I love Apple products but they seem to be failing more and more (messages, me.com email etc). They need to concentrate on reliability.
I don't, I have MasterCard, but it's not really my choice, it's the issuing bank's choice.
Of course you have a choice... Find a different bank. I understand in the UK, most banks use Visa, but that shouldn't stop you from obtaining a MasterCard if you want one.
In the United States, only a few issuers support contactless payment cards, and I moved to a bank that offered them because that's what I wanted.
Well, what are you still doing here?
You not only complained about other members in this forum, but you insult them?
I feel sorry for the people that surround you, as you must be a grumpy old man who hates everyone.
Take your own advice and don't come back!
In America you also have people that think theres any difference between Visa and Mastercard in the UK
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In America you also have people that think theres any difference between Visa and Mastercard in the UK
Was talking about worldwide acceptance, lol.
I had to laugh with incredulity when you mentioned the word "generous" in reference to a banking institution
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What's a "check"? Oh, did you mean a cheque? I still barter with goats and chickens.
Checks are a huge improvement over cash. I've been cash free for two years now. When people give me cash, it ends up in a piggy bank. Not sure what I'll do with it when it's full...
Anyways, with a check, at least I can use my iPhone to edeposit it.
I pay for everything with card or Apple Pay. I use Facebook Cash to pay friends back. I prefer they pay me back with Facebook Cash but accept checks as well.
i am for the most part cash free, but always keep enough for tipping money and for the occasional transaction which requires cash only.
however, while i still pay my gardener and pool man with checks, i don't write a check for a carton of milk and a loaf of bread at the grocery store with the line is 5 people deep...
I'm actually starting to reduce my card use because smaller businesses around are requiring minimum purchases and/or charging extra for cards more and more. Doesn't mean I'm going to start using checks for day to day purchases though.
That's not true. I see people using contactless all the time and I've never heard anyone complain or be scared or think it's weird.
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In terms of banks issuing MasterCard debit cards, I only know of one (Metro Bank) and it's a very small, fairly localised bank.
Despite the numbers of credit cards being high in the UK, the prevalent daily usage for things like travel are done from debit cards, overwhelmingly Visa over MasterCard.
It's really, really not as simple as finding a bank that issues MasterCard.
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No he's just totally wrong, I honestly do not recognise that at all, London is full of contactless payments and almost everywhere now does contactless and I see people using it daily. I've never heard anyone worry about security either.
I didn't say I write checks for anyone. That seems like a huge waste of time. I pay everyone with credit card, Apple Pay, or Facebook cash. Depending on the grocery store, I use Apple Pay or credit card. Both are pretty quick. I get pissed off at anyone who stands there for a minute trying to count out bills and coins to pay for a carton of milk and loaf of bread (or anything else, for that matter.) Get a freaking card.
There's an easy solution to that.
Join online, get direct deposit, use mobile deposit if you want to cash a check, and if you need customer assistance, call or message them.
I've used multiple banks which have zero branches around my area.