Starbucks, Barclaycard Global Payment Acceptance and Visa Europe have confirmed that over 550 company owned Starbucks stores in the UK accept contactless payments, making it even faster and easier for customers to buy their morning coffee.
Starbucks follows Marks and Spencer, Co-Op, Post Office, Boots, McDonalds and other major national retailers in the move to contactless. For those retailers where speed is of the essence, accepting contactless payments is rapidly becoming a business imperative.
Ian Cranna, Vice President of Marketing for Starbucks UK, said: “With only around 1 in 3 of our customers now paying with cash, we recognise the importance and benefits of embracing new payment technologies at Starbucks. We are now able to provide our customers with the quickest and most convenient ways to pay, to speed up service and cut queue times. The roll out of contactless follows other payment innovations that we have implemented across our stores, including developing a bespoke mobile payment app.”
Paulette Rowe, Managing Director of Barclaycard Global Payment Acceptance said: “Contactless payments offer the fastest way to pay and we’re very pleased to be able to support Starbucks with their introduction of contactless payments.”
As the demand for immediate payments implementation grows in the United States, Iliad Solutions have identified one of the largest risks to face the payments industry over the next few years.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.