Barclays is releasing a new range of contactless payment devices that includes an updated version of its wristband, a fob and a sticker.
Each device will use near field proximity technology (NFC) and be powered by a secure digital wallet.
The bPay fob can be attached to a user’s keys, whilst the sticker turns any flat surface in to a payments device.
At first, the maximum someone can spend on the devices will be £20, but that will rise to £30 when the contactless limit is raised in September. Users of bPay will be able to use the devices in 30,000 locations in the UK.
Anyone with a UK-registered Visa or MasterCard credit/debit card can use the new devices and add funds to them online, through the app or by setting up an auto top-up feature.
The bank is also introducing a brand new portal and multiplatform app that will allow users to stay on top of their finances and manage their devices.
The devices will go on sale online at bPay’s website on 1st July and Snow + Rock has been announced as the first partner, meaning people can actually buy the devices from the outdoor activities shop.
“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,” said Mike Saunders, managing director, Digital Consumer Payments at Barclaycard.
Whitepapers
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