New credit card from Barclaycard

| July 12, 2007 | 0 Comments

Barclaycard is introducing a combined Oyster and credit card in the capital in the autumn. Barclaycard, Visa and Transport for London have come together to link the London’s Oyster card system, which is run by the TranSys consortium, to a bank card that will allow a no-contact payment system.

Barclaycard OnePulse is the only UK credit card that provides the ease and convenience of Oyster with the value, security and flexibility of Barclaycard. 10 million cards have already been issued and it is the cheapest way to pay for single journeys on the Tube, buses, DLR and trams in the capital.

The new card will have 3 separate functions – oyster card, standard Chip and PIN card, new technology allowing contactless payment for low value transactions.

The OnePulse card will allow people to pay for purchases under £10 by swiping the card in front of readers in vending machines, shops and car parks. In addition, a large number of retailers are being recruited by Barclays to install the card readers at their tills including newsagents, coffee shops and cafés.

The payment system will be the first of its kind in the UK and has already been tested by Barclaycard employees at its headquarters in Canary Wharf although there have been some concerns about the speed at which small OnePluse card payments will be processed.

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