Help Sitemap Home Skip Navigation Contact Us Disability Statement

Redmayne Bentley Stockbrokers Logo
Sponsored by
Yorkshire’s Oldest and Award-Winning Stockbroker
Share Dealing and Investment Management Services
 
 
Saturday, 4th July 2009

Premium Article !

Your account has been frozen. For your available options click the below button.

Options

Premium Article !

To read this article in full you must have registered and have a Premium Content Subscription with the n/a site.

Subscribe

Registered Article !

To read this article in full you must be registered with the site.

Now Barclays have the contactless card



Click on thumbnail to view image
Click on thumbnail to view image
Click on thumbnail to view image
Click on thumbnail to view image
Click on thumbnail to view image

Published Date: 07 January 2009
Barclays yesterday announced plans to be the first UK bank to issue contactless payment debit cards to its customers.

The group said from March most Barclays debit cards that were issued or reissued would include technology enabling people to pay for items costing £10 or less simply by holding their card up to a terminal without even taking it out of their wallet.

The money from the transaction is then debited from their account just as it would be for a standard debit card purchase.

The cards will still have chip and Pin functions, enabling them to be used for transactions of more than £10 or to withdraw money from cash machines.

More than 8,000 retailers already accept contactless payments, including Pret A Manger, Coffee Republic, and EAT, as well as many independent retailers such as news agents and dry cleaners.

The group was the first to introduce contactless payment technology on credit cards through its Barclaycard subsidiary in September 2007.

The Barclaycard OnePulse combined an Oyster card for use on London transport, a credit card and a contactless payment card.

Mark Parsons, managing director of current accounts at Barclays, said: "We were the first to launch the debit card in 1987 and now we are the first to give our customers the latest incarnation – the contactless debit card.

"This gives people a new way to pay for things that is quick, secure and convenient and we are confident that it is going to be really popular with customers."



The full article contains 256 words and appears in n/a newspaper.
Page 1 of 1

  • Last Updated: 07 January 2009 8:43 AM
  • Source: n/a
  • Location: Yorkshire
 
 

Comment on this Story

 

In order to post comments you must Register or Sign In

 
 
 
  

 
 


Sister Newspapers:
Press Complaints Commission

This website and its associated newspaper adheres to the Press Complaints Commission’s Code of Practice. If you have a complaint about editorial content which relates to inaccuracy or intrusion, then contact the Editor by clicking here.

If you remain dissatisfied with the response provided then you can contact the PCC by clicking here.