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The UK Cards Association Annual Report 2014

The UK Cards Association, the trade body for the card payments industry, has today [Wednesday 12 February] published its Annual Report 2014.

The Association represents the card issuers and acquirers that facilitate the use of the UK’s 56 million credit cards and 88 million debit cards, spending on which accounts for 33% of GDP. The Annual Report 2014 covers our primary activities over the past year and into the future – including the continued development of contactless payments, new tools to help consumers manage their borrowing and engagement with the UK Government and the European Commission.

The report also features key industry metrics and trends, the future of card payments, the industry agenda and how we are leading the fraud prevention drive within the UK.

Melanie Johnson, Chair of the UK Cards Association, said:

“Card payments make an important contribution to the economy, with domestic spending on all payment cards accounting for 33% of UK GDP during 2012. We know that consumers value their payment cards and the extra protections they afford in comparison to cash, as well as the role that credit cards play in helping people manage and plan their financial commitments. The role our industry plays in the lives of cardholders demands high levels of service and standards. The latest annual report sets out recent work from the trade association in supporting our members in playing that important role.”

To view the Annual Report 2014, click the link below.

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