Barclaycard and Orange pioneer mobile payments
By UK CreditCards.com
Published: 25 May 2011
Barclaycard and Orange are promising to transform the way people make purchases on the high street, with the launch of the UK's first contactless mobile phone payments service.
Initially, the Quick Tap service will only be available on the Samsung Tocco Lite, but more handsets will be enabled in the future.Users can transfer funds on to their Quick Tap app before making payments of up to £15, simply by touching their handset to the store's contactless reader.
Although mobile payments use a secure SIM-based approach and do not require a PIN to be entered at the point of sale, customers can choose to enter a PIN on their handset before each transaction.
"This is the first time that customers can use their mobile to pay for goods and services in shops across the UK," says David Chan, CEO of Barclaycard Consumer. "They'll be able to do this, safe in the knowledge that this is a secure technology brought to them by the biggest names in payments and mobile technology."
Barclaycard and Orange are not alone in hoping to drive a payments revolution, as RIM's new Blackberry Bold 9900 will support contactless mobile payments. There are also rumours that the next iPhone will support the technology.
Recent stories - Innovations, features, new products:
Mobile payments have been grabbing headlines, and they certainly have the potential to revolutionise the way people pay for goods and services -- but could they oust plastic as the preferred purchase method? ...See Mobile payments
As more consumers and retailers adopt contactless payment technology, incidences of "phantom" charges and duplicate bus fare charges have been reported ...See Contactless problems