Tough times bring tough measures

Burnham, Andrew
June 2009
Travel Weekly (UK);6/5/2009, p7
Trade Publication
The article reports that the British banks are removing the credit card payment facilities from the travel agencies. The demand for holidays is dropping and clients are looking for cheaper deals than in 2008, the banks are now looking closely at their customers' finances and are withdrawing facilities, which means that some travel companies will be unable to accept credit card bookings.


Related Articles

  • Losses Mount As Fraudsters Evade UK Chip Card Protections. Balaban, Dan // Cards & Payments;Jul2008, Vol. 21 Issue 7, p14 

    The article offers a look why credit card fraud in Great Britain is at record levels despite banks have completed the world's largest rollout of EMV technology. Card issuers are disappointed with the newly released fraud statistics showing that they got fleeced for a record £535.2 million in...

  • Fraud remains a problem for most utilities.  // Utility Week;4/11/2008, Vol. 28 Issue 23, p27 

    The article deals with the poll conducted by information services company Experian Payments among British utility companies. Ninety-three percent of utility companies questioned wanted banks to flag accounts liable to be used for fraudulent activity and to publish levels of fraud to the sector....

  • Editorial. Harrison, Tina // Journal of Financial Services Marketing;Sep2011, Vol. 16 Issue 2, p87 

    An introduction is presented in which the editor discusses various reports within the issue on topics including the credit card industry in Great Britain, the retail banking industry in Great Britain and investment disclosures.

  • 'Bank crisis has shaken confidence'.  // Travel Weekly (UK);2/13/2009, p10 

    The article focuses on the implication of bank crisis to consumer confidence in Great Britain. Classic Collection Holidays managing director Nick Munday notes that the tour operators work harder than ever to source secure banking facilities for customers' deposits. He points out that the crisis...

  • U.K. Group Requests Government Rate Cap. Cardline, By // American Banker;1/5/2009, Vol. 174 Issue 2, p7 

    The article reports that the Federation of Small Businesses in the United Kingdom (U.K.) is petitioning the government to limit credit card interest rates. John Wright, national chairman of the group, said that because the government has given billions of pounds to the banking industry, banks...

  • Bank cards leapfrog ticketing technologies.  // Modern Railways;Mar2011, Vol. 68 Issue 750, p62 

    The article discusses the issues concerning the technical advances related to the bank cards ticketing system in Great Britain in March 2011. One of the important aspects of the ticketing system in the country is the ISO 14443 which is a standard for contactless payment being implemented in...

  • Top U.K. Bank Execs to Testify. Bloomberg News // American Banker;9/20/2004, Vol. 169 Issue 181, p17 

    Reports that top executives of Britain's biggest banks, including Royal Bank of Scotland Group PLC and Barclays PLC, are scheduled to testify in Parliament next month on credit card charges as lawmakers step up pressure on lenders. Request that CEOs explain why some banks use small, dense print...

  • Agencies bank on ABTA for support. Dempsey, Karen // Travel Weekly (UK);6/5/2009, p5 

    The article reports that travel agencies are looking towards ABTA Ltd. for support, as banks in Great Britain are removing the agencies' ability to trade. The banks are beginning to put pressure on the agencies to manage risk more robustly. The agencies are looking to ABTA to show its influence...

  • ABTA must push financial protection.  // Travel Trade Gazette UK & Ireland;2/17/2003, Issue 2551, p20 

    Reports that the financial protection offered by credit cards can soon disappear. Key stipulations of directives to harmonize consumer credit laws; Marketing opportunities for the Association of British Travel Agents; Implications on the travel industry.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics