Barclaycard trials PayTag credit card sticker

| April 19, 2012 | 0 Comments
Barclaycard trials PayTag credit card sticker

Barclaycard is trialling PayTag, a contactless payment card, with a selected group of customers prior to rolling it out to millions of customers by the end of the year.

The card is around one third of the size of a standard credit card and it contains a near-field communications (NFC) chip.

It is designed to be stuck to the back of a mobile phone and will allow users to simply wave their device over a contactless terminal in order to pay for goods up to the value of £15 without entering a Pin number.

The maximum payment amount is being increased to £20 in June.

Contactless payment technology is already available to some Barclaycard customers with certain Orange phones, but PayTag will allow anyone to use the technology without having to upgrade their phone.

Barclaycard hopes PayTag will increase awareness of mobile payments and will send the sticker free of charge to customers who request it.

One obvious disadvantage of PayTag is its visibility when stuck onto a mobile device, but the card could just as easily be stuck to the outside of a wallet or card holder, which people tend to keep more secure than their phones.

Customers also have the security of knowing that if PayTag is used fraudulently, the bank must provide a refund without question.

There are around 100,000 contactless readers across the UK and the number of retailers adopting the technology is increasing.

Last week Asda announced plans to trial contactless payments at 25 stores, starting in July.

The system will allow customers to pay for goods more quickly and is expected to reduce queue times.

WHSmith also recently revealed plans to make contactless payments available in 46 UK stores, including major travel hubs, such as London Heathrow.

The Co-operative Group has already trialled the technology in Manchester and is extending it to 200 food stores and pharmacy branches within the M25 zone in time for the Olympics.


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