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Shahla
Money Managing Guru
Joined: 13 Nov 2004
Posts: 3324
Cash Points ££ 126163.28
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 Posted: Sat Apr 28, 2007 8:05 pm Post subject: Barclaycard unveil contactless card payments |
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Barclaycard Business and Computer Cab plc have announced the unveiling of the first taxi contactless payments system, at the Business Travel Show held in Earl's Court last month.
Barclaycard Business is one of the largest acquirers and processors of card transactions in Europe, boasting over 95, 000 retailer and business relationships. This most recent partnership sees Barclaycard Business and ComCab team up to fit a 'concept cab' with Visa 'wave and pay' technology in order to demonstrate how the taxi company can offer customers a secure and efficient way to pay for low value taxi fares. What's more, the contactless payment system is more convenient for people who take taxis, as it reduces the need to handle cash.
These new developments from Barclaycard follow the announcement last year that Barclays would be combining chip-and-pin technology for credit card payments alongside that of the Oyster Card. This card, currently under trial, also allows customers to pay for low-cost items in shops without having to enter a pin number and will be rolled out to Barclaycard customers later this year if it proves successful.
The innovations made by Visa's 'wave and pay' system could change the lives of millions of people who would like to avoid the accumulation of loose change in their pockets. The system, currently being tested by Barclays in a range of formats, requires customers to pass a credit card in front of an electronic reader in order to make small payments.
The new partnership between Barclaycard Business and ComCab sees one of London's leading taxi operators team up with Visa Commercial Cards' number one issuer in Europe. Barclaycard Business oversees 152, 000 corporate customers and over 565, 000 Visa cardholders.
As well as its traditional terminals, Barclaycard Business also offers other paying by card solutions for all business types and various payment processing methods, such as portable terminals, ideal for bars and restaurants; the mobile terminal, for taxis and similar mobile professions; as well as established payment methods by phone, mail & internet.
About Barclaycard
Barclaycard is a multi-brand international credit card and consumer lending business; it is one of the leading card businesses in Europe.
In the UK, Barclaycard manages the Barclaycard branded credit cards and other non-Barclaycard branded card portfolios, including Monument, SkyCard and Solution Personal Finance. In consumer lending, Barclaycard manages both secured and unsecured loan portfolios, through Barclays branded loans, being mostly Barclayloan, and also through the FIRSTPLUS and Clydesdale Financial Services businesses.
Outside the UK, Barclaycard provides credit cards in the United States through Barclaycard US, Germany, Spain, Italy, Portugal, Scandinavia and across Africa.
Barclaycard Business processes card payments for retailers and issues purchasing and credit cards to business customers.
Barclaycard Contact Details:
Andrew Bond
Barclaycard Press Office
Barclaycard
1234 Pavilion Drive
Northampton
NN4 7SG
01604 251229
Andrew.Bond@barclaycard.co.uk |
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