Barclaycard and Oyster to roll out 'wave and pay' cards

News

Barclaycard and Oyster to roll out 'wave and pay' cards

Karl Flinders

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 >>

Comment on this article: computer.weekly@rbi.co.uk


Email Alerts

Register now to receive ComputerWeekly.com IT-related news, guides and more, delivered to your inbox.
By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy
 

COMMENTS powered by Disqus  //  Commenting policy