It does not include ATM withdrawals, cash advances against a credit card, a check issued in connection with a payment card, or any transaction in which a payment card is accepted as payment by a merchant or other payee who is related to the issuer of the card.

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By the time Mr Dhasmana applied for an appeal, he had accepted a payment in lieu of notice and his employment had been terminated.

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All shares accepted for payment will be paid the same price.

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On this account, governments impose taxes payable only in money, creating a demand for money that means it will be widely accepted as payment for goods.

ECONOMIST: Free exchange

They said they were concerned that if Fox accepted the lower payment, that could become a precedent that would impact the entire industry.

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Consumers will sign up for a credit-card brand if it is widely accepted as a means of payment.

ECONOMIST: Economics focus

Discussions are also under way with the train operating companies that serve London about accepting contactless payment cards where Oyster is currently accepted.

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