Barclays To Roll-Out Contactless Visa Debit Cards in UK
In the UK, Barclays has announced that its customers will "soon be able to pay their way with the wave of a card as the bank is set to be the first in the UK to roll-out contactless VISA debit cards to its customers. From March, most Barclays debit cards that are issued or reissued will have contactless technology built in as standard. More than three million customers are expected to be using contactless debit cards by the end of the year."
The cards use contactless technology to enable transactions of £10 or less to be paid for by holding the card up to a special reader, without the need to enter a PIN or insert the card into a terminal. The transaction is debited directly from the customer’s current account in the same way that a standard card transaction is. The cards will still have chip and PIN which will be used for purchases and for ATM transactions. Periodically the card will prompt for the PIN to be entered to verify the customer’s identity.
Mark Parsons, Managing Director of Current Accounts for Barclays, said: “Barclays has long been a pioneer in banking. 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.”
Over 8000 retailers already accept contactless payments including many outlets of Pret A Manger, Coffee Republic, EAT, Books etc, Krispy Kreme, Threshers and thousands of independent retailers, with more installing the technology every week.
Barclaycard was the first to introduce contactless technology on credit cards in the UK in September 2007 with the launch of Barclaycard OnePulse, the three in one oyster, credit and contactless card.
For more information on Barclays contactless debit cards go to http://www.barclays.co.uk/contactless. To search for outlets which accept contactless payments visit the Visa website at http://www.visapaywave.co.uk
This will be quite interesting when this expands. They have been doing a trial in central London for a while but it's quite limited in where you can use it so this will be the big test to see if idea takes off. Hopefully merchants other than Barclays will add feature as well.
Posted by: Richard | Visa Debit | February 10, 2009 at 01:49 PM