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Basic bank account with petrol pump debit card
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Ok, accept it probably wasnt the best wording.... it is most commonly due to challenges of having network connections that off line transactions are done but there can be other reasons.0
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The main issue is that the product is consumed before you know the amount to be charged. So you can't at that stage decline the transaction on the grounds of insufficient funds, short of making the customer empty the tank / throw up the meal / jump off the train.InsideInsurance wrote: »Ok, accept it probably wasnt the best wording.... it is most commonly due to challenges of having network connections that off line transactions are done but there can be other reasons."It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0
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