Barclays launches new ways to pay
Written on 1 July 2015
Tapping your debit or credit card to pay for shopping- rather than entering your PIN – is becoming ever more popular, according to the UK Cards Association
And now you’re not just limited to using your card to make contactless payments.
From today, Barclays is offering a wristband (a new version of the one it launched last year), a key fob and a sticker, all of which allow you to ‘tap and pay’. You can attach the sticker to any object, turning a regular item into a payment device. The items are available to anyone with a UK-registered Visa or Mastercard debit or credit card, not just Barclays and Barclaycard customers.
The wristband costs £24.99, the key fob £19.99 and the sticker £14.99 and they’re available from the bPay website. Users can transfer money to their device via the website and bPay app as well as view purchases and change their payment settings. There are no fees for topping up and making payments. Parents can also buy them for their children (aged over 12) and top them up from their account.
The devices offer the same fraud protection as contactless cards. This means you won’t be out of pocket if someone uses your one fraudulently as long as you take reasonable steps to protect it. If yours is stolen or lost, you can shut it down via the app or website, says Barclays.
Apple to launch ApplePay
Apple is launching Apple Pay later this month. This will allow people with the Apple Watch or iPhone 6 to use them to make payments by waving them in front of a contactless reader. With the phone you’ll do this while holding your finger on the fingerprint scanner and with the watch while you double-click the side button.
You’ll be able to use ApplePay as long as your bank or building society supports it. So far American Express, First Direct, HSBC, Nationwide, NatWest, RBS, Santander and Ulster Bank have signed up. Bank of Scotland, Halifax, Lloyds Bank, M&S Bank, MBNA and TSB say they will soon.
Apple says the system is secure as it doesn’t store any of your card data on your phone and it doesn’t transmit any of this information to the retailer when you make a payment.
The limit for contactless payments is £20 but this is rising to £30 in September.
More banking help
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