Contactless credit card use to increase
By UK CreditCards.com
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.
Published: 11 December 2009
- The voice command payment revolution – Voice recognition technology is poised to revolutionise the way we buy items and conduct personal banking ...
- 'Internet of Things' expands payment options – The Internet of Things is transforming the way we shop and pay for goods. There are now rings, watches, clothing, refrigerators and more that can make payments ...
- With Android Pay on the horizon, here's what you need to know – Android Pay, Google's mobile wallet, is set to launch in the UK in summer 2016. Here's what you need to know about the service, its compatible devices and its security ahead of its debut ...