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Contactless card limit raised

Shoppers can make higher-value purchases using their contactless cards from today.

The limit on transactions has been raised from £20 to £30.

The move is expected to broaden the appeal of contactless, as more and more people use it in their day to day lives.

There are around 58 millions contactless cards in the UK.

The concept was introduced in 2007, but more contactless payments took place in the first half of 2014 than the previous six year combined!

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HSBC says payments should go in by tonight at latest

Credit: PA stills

HSBC said payments which did not go in people's bank accounts today should be there by tonight.

A statement released by the bank said: "HSBC apologises for the significant inconvenience caused to customers by today’s payments problems.

"We are now processing the payments so that they reach the beneficiary accounts as quickly as possible.

"The majority of payments will be completed over the course of the afternoon and early evening, with any remaining payments completed overnight.

"Customers who do not receive the delayed payment by Saturday morning should speak with their bank in the first instance.

"They should also contact their bank if they have suffered any costs as a result of today’s problems."

They added they would ensure no one loses out as a result of "today’s unacceptable problems" and said compensation would be offered where appropriate.

HSBC: Around 275,000 payments affected by glitch

HSBC said around 275,000 payments like to total hundreds of millions of pounds have been held up by a technical glitch.

The fault in the payments, which has affected many people due to receive their salaries for the month, relates to the bank's business customers.

HSBC said it was working to resolve the problem but it still did not know whether it would be able to process the payments by the end of the day.

A spokesman said: "There has been a fault in the information used to process some payments from HSBC business customers.

"Approximately 275,000 payments have been affected, including payments to customers of other banks.

"We will work with other banks to ensure that customers do not lose out as a result of today's problems."

Payday problems for some HSBC customers

Credit: Joe Giddens / PA Wire/Press Association Images

Some islanders have woken up this morning to find out that they have not been paid their monthly salaries by the bank.

HSBC have had an issue making BACS payments for some customers.

The company says they are working to get the problem sorted as soon as possible and has apologised for any inconvenience caused.

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£10million benefit cuts revealed

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Full details of major reforms to Jersey's benefits system, which will see some benefits scrapped and others frozen, have been revealed.

The Social Security Department wants to save £10million a year by 2019 as part of a government-wide cost-cutting plan.

Key to the cuts will be a freeze in benefits rates which, when inflation is taken into account, amounts to a real-terms cut of £4million overall.

Additionally, the £40 a week single parents get as part of their Income Support will be phased out, and the previously mooted axing of free TV licences for over 75s and the annual Christmas bonus will go.

Scrapping those two payments will save a further £1.7million each year.

Social Security say, for now, the old-age pension has been protected - but it says a complete review of pension and benefit rates will begin later this year. That means more cuts could follow.

The Social Security minister Deputy Susie Pinel says she's used three key criteria to decide what changes to make.

She said: "We want to promote financial independence, improve the targeting of benefits and minimise the impact on individuals".

The minister has executive power to make some of these changes without any debate among politicians, but the States will have to debate and vote on proposals to axe the Christmas bonus, and free TV licence for over 75s later this year.

The decision has already been made to remove Income Support from 19 to 24 year olds who are still living at home with parents where their combined incomes means Social Security consider they have enough money to live on.

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