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Banking commission promises to ask 'hard questions'

Friday, 24th September 2010

Sir John Vickers today outlined plans for a much deeper and wider investigation into the UK banking business than had been anticipated, setting out a wide range of options that could force big banks to split in two and separate their "casino" arms and high street businesses or cause banks such as Lloyds to be dismantled.

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New 50p Tax affects 280,000

Thurs 6th May, 2010

More than 280,000 people will be forced to pay the new 50p rate of income tax in 2010/11, according to a report in the Telegraph.


The paper says official figures disclosed last night show HMRC expects to collect an additional £10bn in income tax, with £9bn of that coming from those on wages above £40,000.

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AirPlus and Invapay Announce Partnership

March 26, 2010

AirPlus International, the award winning travel payment provider, and Invapay Payment Solutions, a payment solutions specialist, have formed a partnership offering an innovative Purchase-to-Pay (P2P) product for both private and public sector organisations, called The AirPlus Invapay Settlement Solution. The new product will be available to AirPlus’ UK customers from the end of June, 2010.

TransGlobal Payment Solutions Conducts Important Currency Exchange Survey

February 18, 2010

At the end of last year, TransGlobal Payment Solutions commissioned a survey to discover the extent to which AP is affected by fluctuations in currency exchange. In some areas the results were surprising; for example, the study found that in this era of overseas outsourcing, only 10% of the respondents noted that they made foreign currency payments to pay staff.

Banks Bounce Cheques to the Recyling Bin of History

December 17, 2009

The declining use of cheques has come to the inevitable conclusion - discontinuation.  With the use of chip & pin payment methods and with many petrol stations and supermarkets refusing to accept them - cheques are soon to be consigned to history. 

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