Barclaycard unveils mobile paytag
Thursday 19 April 2012
Millions of Barclaycard Visa credit card customers will be able
to make "contactless" payments using a sticker attached to the back of
their mobile phone which can be held against a reader.
The free Barclaycard PayTag can be fixed to the back of any mobile phone and is around a third of the size of a normal card.
The phone can then be used to make payments of £15 and under, rising to £20 in June, by being held over a payment terminal, without the need to sign or enter a PIN.
Concerns have been raised about the security of contactless bank cards, after a recent investigation suggested that people could have their details taken from a card in their pocket or wallet without their knowledge.
Channel 4 News found last month that new mobile phones could be adapted to take information from Barclays-issued Visa cards with one swipe.
Barclays told the programme that the issue is not with contactless cards, but with checks undertaken by some retailers, saying the details obtained should not be sufficient to undertake fraudulent activity.
Those behind the new Barclaycard scheme insisted it is "safe and secure" and emphasised that it comes with "the same 100% fraud protection as any Barclaycard".
There are more than 14 million contactless-enabled Barclaycards and Barclays debit cards and Visa predicts that the number of contactless point-of-sale terminals in the UK will rise by 50% to 150,000 this year.
Major retailers which offer, or are introducing, contactless payments include Waitrose, McDonald's, Boots, WH Smith and Tesco.
Barclaycard plans to roll out the scheme to customers later this year, saying that it will reach "millions" of customers. It did not give an exact figure for how many people it expects to take up the scheme but said hundreds of thousands of customers will be offered the chance to take part in the coming weeks.
Louise Holmes, spokeswoman for comparison website Moneyfacts, described the scheme as "an exciting, innovative way for cardholders to conduct transactions".
She said: "Millions of us carry mobile phones nowadays, so using our phones as a method of payment should prove popular with many consumers."
- 1 Malaysia issues arrest warrant for Gordon Brown’s sister-in-law after she publishes stories on leader Najib Razak's financial affairs
- 2 Porn block in India: hundreds of sexual websites banned, internet outraged
- 3 Natalia Molchanova: World's most successful free-diver missing and feared dead after disappearing in Mediterranean
- 4 Dutch King Willem-Alexander declares the end of the welfare state
- 5 Gamers confess the worst things they've done in The Sims
Jackie Chan in second place in Forbes' Highest Paid Actors list after magazine includes actors working outside US movie industry
Malaysia issues arrest warrant for Gordon Brown’s sister-in-law after she publishes stories on leader Najib Razak's financial affairs
Natalia Molchanova: World's most successful free-diver missing and feared dead after disappearing in Mediterranean
Dutch King Willem-Alexander declares the end of the welfare state
Pizza Express protests: these restaurants charge staff for tips paid by card
Is Britain really full up? Are migrants taking our jobs? Leading academic answers the most common anti-immigration claims
Calais Migrant Crisis: Deputy Mayor of Calais labels Cameron's use of 'swarm' as 'racist' and 'ignorant'
Chris Leslie: Jeremy Corbyn's anti-austerity agenda will harm the poor, says Labour shadow Chancellor
Jeremy Corbyn: Tony Blair could face war crimes trial over 'illegal Iraq invasion'
Landlords renting properties to illegal immigrants to face up to five years in prison
While we fixate on Calais, the Home Office is quietly deporting dozens of migrants on 'ghost flights'
iJobs Money & Business
£35 - 38k + Benefits & Bonus: Guru Careers: We are seeking an Account Manager ...
£20000 - £25000 per annum + OTE £45K: SThree: At SThree, we like to be differe...
£50 - 80k: Guru Careers: We are seeking an Associate Director for the Markets ...
£60 - 100k: Guru Careers: Our client is looking for an Associate Director of S...