Barclays 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.
By submitting your email address, you agree to receive emails regarding relevant topic offers from TechTarget and its partners. You can withdraw your consent at any time. Contact TechTarget at 275 Grove Street, Newton, MA.
From March, most Barclays debit cards that are issued or reissued will have contactless technology built in as standard. More than 3 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 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 other purchases and for ATM transactions. Periodically the card will prompt the user to enter the Pin for contactless payments to verify the customer's identity.
Mark Parsons, managing director of current accounts for Barclays, said, "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."
More than 8,000 retailers 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.
Since taking over the Goldfish credit card brand, holders of these cards can now also use Barclays' contactless technology.