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New Barclaycard is touch-and-pay
Barclaycard contactless payment has arrived in London with various outlets taking part in the new, faster payment system in which only payments above £10 require a pin number.
"We are excited about installing cashless readers in 25 of our London stores," said Guy Harvey, financial director at UK High Street sandwich chain Eat.
"It will help us to eliminate some of the frustrations for our customers, such as queues in the busy lunchtime rush."
In addition to making small transactions, the credit card is also designed to act as an Oyster card for travel on London's Tubes and buses.
The bank has struck a deal to try out the new cards and contactless readers with TranSys, the company that runs the Oyster card system with Transport for London.
Contactless payments are already popular on mobile phones and keyfobs in Japan, where users top up their mobiles for goods payments and wave their mobile phones over the reader to pay.
Some research has shown shoppers are more likely to purchase cheaper items when this method is used.
Source
BBCNews
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[ This Message was edited by: goldenface on 2007-08-14 22:02 ]
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Posted: 2007-08-14 23:01:28
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