13/03/2020
Central Bank Urged To Remove Charges To Encourage Card Payments
The Central Bank has been urged to clamp down on all card transaction charges on contactless and chip-and-pin payments in an attempt to encourage non-cash transactions in the time ahead.
Making the call, Sinn Féin spokesperson on Finance Pearse Doherty wrote to the Governor of the Central Bank to request a suite of measures to be offered customers that may be affected through sickness or job loss by the Coronavirus.
Deputy Doherty said: "The announcements made by government today are welcome and necessary, and it is essential that all is done to ensure the measures taken today are effective.
"While schools, colleges and childcare facilities will close, shops, restaurants and other services will remain open and it is essential that support is given to businesses and consumers during this time.
"While we continue to shop as normal, it is prudent that measures are taken to encourage card rather can cash transactions. This is in the interests of consumers, sales assistants and shop-floor workers.
"For that reason, I wrote to the Central Bank on Tuesday to request an immediate ban of all card transactions charges on contactless and chip-and-pin payments in the time ahead.
"It should be noted that in a time of uncertainty for workers and families, AIB have chosen to introduce card transaction charges that could cost consumers up to €80 a year, as well as discouraging card transactions. That is not good.
"While introducing the measures I have proposed would be a small measure, the success of our collective response will be achieved by small margins.
"Sinn Féin look forward to the response of the Governor of the Central Bank."
(MH/CM)
Making the call, Sinn Féin spokesperson on Finance Pearse Doherty wrote to the Governor of the Central Bank to request a suite of measures to be offered customers that may be affected through sickness or job loss by the Coronavirus.
Deputy Doherty said: "The announcements made by government today are welcome and necessary, and it is essential that all is done to ensure the measures taken today are effective.
"While schools, colleges and childcare facilities will close, shops, restaurants and other services will remain open and it is essential that support is given to businesses and consumers during this time.
"While we continue to shop as normal, it is prudent that measures are taken to encourage card rather can cash transactions. This is in the interests of consumers, sales assistants and shop-floor workers.
"For that reason, I wrote to the Central Bank on Tuesday to request an immediate ban of all card transactions charges on contactless and chip-and-pin payments in the time ahead.
"It should be noted that in a time of uncertainty for workers and families, AIB have chosen to introduce card transaction charges that could cost consumers up to €80 a year, as well as discouraging card transactions. That is not good.
"While introducing the measures I have proposed would be a small measure, the success of our collective response will be achieved by small margins.
"Sinn Féin look forward to the response of the Governor of the Central Bank."
(MH/CM)
Related Irish News Stories
Click here for the latest headlines.
28 October 2015
Rounding Scheme Launched
The Central Bank's Rounding scheme has begun today in an effort to reduce the number of one and two cent coins in circulation. From today, Wednesday 28 October, retailers can round customers change to the nearest five cents, under the new scheme being run by the Central Bank, at the request of the Department of Finance.
Rounding Scheme Launched
The Central Bank's Rounding scheme has begun today in an effort to reduce the number of one and two cent coins in circulation. From today, Wednesday 28 October, retailers can round customers change to the nearest five cents, under the new scheme being run by the Central Bank, at the request of the Department of Finance.
20 October 2010
Cuts Loom As €11bn Set For Chop
October 20 may come to be known as the 'Day of Cuts' as it is revealed €11 billion could be cut from the Irish budget, against a backdrop of major cuts being announced in the UK.
Cuts Loom As €11bn Set For Chop
October 20 may come to be known as the 'Day of Cuts' as it is revealed €11 billion could be cut from the Irish budget, against a backdrop of major cuts being announced in the UK.
29 June 2012
Central Bank Concerned By Ulster Bank Delays
The Central Bank of Ireland has said it is concerned by the "unacceptable continuing delays by Ulster Bank in fully resolving its systems issues and the consequent impact on its customers".
Central Bank Concerned By Ulster Bank Delays
The Central Bank of Ireland has said it is concerned by the "unacceptable continuing delays by Ulster Bank in fully resolving its systems issues and the consequent impact on its customers".
26 November 2014
HSE Produce 10 Step Plan For Medical Card Scheme
The Health Service Executive (HSE) has announced a ten step plan to improve the operation of the medical card scheme, in an effort to make it "more sensitive" to people's needs.
HSE Produce 10 Step Plan For Medical Card Scheme
The Health Service Executive (HSE) has announced a ten step plan to improve the operation of the medical card scheme, in an effort to make it "more sensitive" to people's needs.
08 August 2008
Card Scam Alert
Fraud is 'on the cards' this week with several hundred bank customers believed to have been hit by an online scam. It is believed the credit card details were accessed several months ago, but have only begun to use them in the past two days.
Card Scam Alert
Fraud is 'on the cards' this week with several hundred bank customers believed to have been hit by an online scam. It is believed the credit card details were accessed several months ago, but have only begun to use them in the past two days.
-
Ireland WeatherToday:This morning will be cloudy with rain, occasionally heavy, spreading southeast. This afternoon will see some bright or sunny spells and a few showers. Freshening northerly winds. Maximum temperature 10 °C.Tonight:Any showers across northern and eastern counties dying out this evening. Otherwise it will be a dry and cold night with some frost. Light winds. Minimum temperature -1 °C.