Barclaycard rolls out three new devices for contactless payments
Barclaycard has introduced three new wearable devices that can be used to make contactless payments at 300,000 locations across the UK.
The three new NFC devices – a wristband, fob and sticker – will go on sale online from 1 July 2015. They can be purchased and linked to Barclaycard’s bPay digital wallet which can be topped up by any Mastercard or Visa debit or credit card to pay.
The devices will allow shoppers in the UK to make contactless payments by tapping their device against a card reader.
The wristband is priced at £24.99, while the fob, which can be attached to a key ring or bag, costs £19.99.
The sticker, which can be attached to items to transform them into a contactless way to pay, costs £14.99.
Available to customers aged 12 and above, the devices allow shoppers to make payments of up to £20 a time, rising to £30 from September in line with the change in contactless card limits.
Children can link the devices to their own bank account or that of their parents. Parents can also top up the bands to control their children’s spending.
Additionally, Barclays is collaborating with retailers namely Snow and Rock’s CycleSurgery and Runners Need shops to launch the wristband and fob on the High Street in August 2015.
If the devices are lost or stolen, customers can remotely shut down them down using the bPay mobile app or the bPay website. The devices feature no transaction, usage or top-up fees and also offer fraud protection as contactless cards.
Users can set the devices and also load money onto them via the bPay website or using the mobile app.
Mike Saunders, managing director of digital consumer payments at Barclaycard, said: “We’re in the midst of a sweeping change in the way we pay, with cash-dominated transactions being replaced by ‘touch and go’ contactless technology that has made it easier, safer and faster to make low-value payments.”