Strong growth in contactless payments, up a third since the onset of the pandemic, stalled in November as the economy was placed in a level five lockdown in the run-up to Christmas.Almost 53 million
Business Editor
The Central Bank has warned that Irish creditors with direct debits in place for UK customers may need to provide their banks with additional information to avoid payment requests being rejected.
It follows the end of the Brexit transition period last night. The Central Bank has engaged extensively with payment service providers, UK supervisory authorities and industry representative bodies to emphasise the mandatory requirements for additional information and to monitor progress towards compliance, the regulator said in a statement.
In recent weeks, the Banking and Payments Federation Ireland had warned that as many as 140,000 recurring direct debits were at risk after the UK became a third country.
Less than half of SMEs on loan payment breaks return to original terms irishtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from irishtimes.com Daily Mail and Mail on Sunday newspapers.
5 tips to keep online shoppers safe from fraud
Updated / Wednesday, 23 Dec 2020
09:54
Up to ten million online transactions are expected to be carried out over the busy Christmas shopping period, AIB has predicted
AIB is urging consumers shopping online this Christmas to be vigilant and beware of signs of potential fraud as more people are expected to be shopping online than ever before.
Up to ten million online transactions are expected to be carried out over the busy Christmas shopping period.
Many retailers now plan to start their sales on Christmas Day, which means that consumers will be shopping online by default if they want to grab an early bargain.
The number of
mortgages approved fell by 0.2 per cent in November on a monthly basis, while they rose by 24.3 per cent compared with the same time last year, new figures show. Banking and Payments Federation Ireland said a total of 5,198 mortgages were approved in November. First-time buyers were approved for 54.4 per cent of the total volume of these new mortgages while mover purchasers accounted for 26.4 per cent. The figures also.
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