Barclaycard has scheduled September for the launch of
its
cards embedded with Transport for London’s (TfL)
Oyster card functionality following the completion of a
successful trial.
Last December the credit card company signed a
three-year deal with TranSys, which runs
TfL’s Oyster card travel card system, for a
combined card. It will handle contactless payments for low value
transactions, and act as a chip and Pin card with Oyster travel
card functionality.
The contactless capability, known as ‘wave and pay’, will be
aimed at purchases from places such as retail outlets and feature
similar security to chip and Pin.
Libby Chambers, chief marketing officer at Barclaycard, said the
card could dramatically speed up the way users pay for everyday
goods, with the security and flexibility of a full service credit
card.
“Merchants are excited about the way it can help them serve busy
Londoners by shortening waiting time at the till. This product is
really consumer-oriented and timely, and we look forward to
launching it with our partners at TfL and Transys,” she said.
Oyster and Barclaycard to launch e-money scheme
>>
Barclaycard demos wave and pay option for taxis
>>
Seven make shortlist to turn Oyster cards into
e-money >>
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