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Following the Supreme Court decision in June 2020 that Visa and Mastercard’s multilateral interchange fees (MIFs) were restrictive of competition, Purchase Direct and chartered accountants UHY Hacker Young have joined forces with Freeths LLP to create an insurance backed scheme for eligible retailers to seek compensation for credit and debit card interchange overcharging.  

Mobile users are being defrauded of £millions using SIM swap fraud.  SIM swapping provides a way for cybercriminals to gain access your personal data and accounts by hijacking your mobile phone number and having your calls go to a SIM in another device.   

Purchase Direct is celebrating its 25^th Birthday this year having been in business since August 1995.  Back then, most businesses still used BT for their telecom, their local electricity company, British Gas for gas and mobile phones were quite a bit bigger. 

There has been a consistent increase in card terminals being stolen from car dealerships to perform refund frauds. It has been reported that criminals are entering dealerships, distracting the salesperson and taking the PDQ terminal to process refunds.

Credit card firms could face significant damages running into billions of pounds in claims after the Supreme Court dismissed an appeal by Visa and MasterCard, in favour of the UK’s biggest supermarket chains; ruling that fees the credit card companies were charging retailers restricted competition. 

The team at Purchase Direct have been providing critical support to GP Surgeries by procuring essential PPE for the fight against the COVID-19 pandemic.

Whilst Purchase Direct is prioritising everyone’s wellbeing, including our staff, customers and suppliers, we’re still working remotely from the safety of our homes.

Oil prices slumped 30% upon opening on Monday 9^th March – the biggest one-day % fall since the 1991 Gulf War. A slight upturn followed, with oil markets settling at a 25% drop for the day.

Following the outbreak of the Coronavirus in China oil prices hit lows of $53, the lowest levels in 12 months, following a 20% drop in the market. This drop in the oil price fuelled the bearish (downward) sentiments in Gas and Electric markets.

TrustFord has again been acknowledged for the 5th consecutive year, for its commitment to environmental best practice in The Green World Awards 2019. 

Purchase Direct recently supported The Outside Project, the UK’s first LGBTIQ+ Crisis/Homeless Shelter and Community Centre, by raising a total of £2,244.52 for the charity.

O2 has switched on its 5G network, the last of the UK’s mobile operators to do so. The network will initially be available in five cities for O2 customers – Belfast, Cardiff, Edinburgh, Leeds and London – followed by a further 20 towns and cities before the end of the year. 

Following the drone attacks at the weekend in Saudi Arabia on their largest oil processing plants, oil prices initially surged 20% at the start of trading on Monday with the Brent Crude benchmark seeing its biggest jump in about 30 years.  

The compliance notification deadline for ESOS Phase 2 is rapidly approaching. ESOS is a mandatory energy assessment scheme for organisations in the UK that meet the qualification criteria and non-compliance could result in fines of up to £90,000

We were delighted to raise the grand total of £3,472.14 recently in support of Essex & Herts Air Ambulance and London’s Air Ambulance.

The Climate Change Levy (CCL) is the government’s environmental tax on commercial energy consumption, charged in pence per kWh by the energy supplier.

In June 2017 mobile roaming charges in EU countries were abolished and mobile phone users have since been able to use their minutes, texts and data on their mobile phone tariffs when travelling in most EU countries