Contactless credit card use to increase
By UK CreditCards.com
Published: 11 December 2009
|
|
|
Tweet |
 Email story
|
|
Barclaycard and Barclays have issued over 5m contactless credit and debit cards since 2007, the providers announced December 10.
In a new report, the card firms suggested that customer usage of the service will increase, with around 20,000 stores currently accepting contactless cards.
Contactless payments work by customers holding their card against a specially-adapted reader. The transactions are instant and do not require the cardholder to enter their PIN. However, contactless payments are limited to transactions of £10 or less and customers are occasionally asked for their PIN or their signature as a security precaution.
Amer Sajed, chief executive of Barclaycard UK, said: "Together with Barclays we continue to roll out contactless technology across our card portfolio as we believe it is the future of payments."
He added: "Consumer feedback highlights the increasing demand for contactless payment."
Outlets accepting the cards include Caffe Nero, Pret A Manger and EAT. Barclaycard, the credit card unit of Barclays bank, retains around 11.9 million customers in the UK.
Comments or Questions
Story Archive
Recent stories - Innovations, features, new products:
London buses go contactless
Londoners can now pay for bus travel using contactless credit, debit or charge cards. Here's what you need to know before using this new wave-and-pay feature ...See Contactless
Is paying by thumb in our future?
Would you pay by thumbprint, jewellery or handshake? These are just some of the future payment possibilities, according to Payments Council predictions ...See Future
Olympics give contactless a boost
The numbers are in. Visa's attempts to push contactless payments at the Olympic Games paid off. But will enthusiasm for the technology persist after Olympic spirit wanes? ...See Contactless
Secure SSL Technology