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News

Almost 1.5 million contactless payments made per day in Q3 2019

2nd December 2019

Consumers made almost 1.5 million contactless payments a day in Q3 2019, according to the latest contactless update from Banking & Payments Federation Ireland’s Payment Monitor. The number of contactless credit and debit card payments* grew by 44% year-on-year with nearly 135 million payments valued at more than €1.6 billion.

Over €4 billion of online purchases using cards expected between November and December

27th November 2019

FraudSMART, a fraud awareness initiative led by Banking & Payments Federation Ireland (BPFI) and supported by An Garda Síochána, have issued a strong warning to thousands of consumers to be extra cautious in their online activity on Black Friday and Cyber Monday and to make purchases using only secure websites, where ‘https’ and a padlock symbol are on display.

20% of Irish adults have experience of financial abuse

25th November 2019

Up to 20% of adults have experience of financial abuse, however many older adults still do not think that it could happen to them – according to new research commissioned by Banking & Payments Federation Ireland (BPFI). The findings of the research have been published as part of a public awareness campaign, led by BPFI in partnership with Safeguarding Ireland, which is highlighting the need for greater awareness of the real risks of financial abuse and calling on all adults to better plan ahead to safeguard their finances.

Four out of five Irish adults have savings accounts

22nd November 2019

Some four out of five (83%) Irish adults have a bank, credit union or post office savings account, according to a national survey commission by Banking & Payments Federation Ireland (BPFI). Some 46% of adults have a regular savings account, 46% have an account for occasional savings and 18% have a lump sum on deposit.

Mortgage Switching More Prevalent Than Many Realise, says BPFI

18th November 2019

Mortgage switching activity by borrowers from one lender to another is at levels last seen in the mid-2000s before the financial crisis, according to an analysis by Banking & Payments Federation Ireland (BPFI) of mortgages drawn down by borrowers since 2003.

Banking & Payments Federation Ireland National Conference 2019

12th November 2019

Banking & Payments Federation Ireland (BPFI) today held its annual national conference, Delivering for the Customer at the Marker Hotel in Dublin. Hosting a gathering of key senior bankers, policy makers and other key stakeholders, the conference addressed the key themes of physical versus digital banking, the developing environment for banks and unlocking the potential of open banking.

Banking sector signs Sustainable Finance National Statement of Intent

10th November 2019

Banking & Payments Federation Ireland (BPFI) has signed the Sustainable Finance National Statement of Intent which aims to contribute towards promoting and developing sustainable financing in Ireland. Coordinated by Sustainable National Ireland, the signing took place as part of Climate Finance Week and ESG Day, which brought a host of global experts together at events across Dublin to discuss best practice in furthering the environmental, social and governance agenda.