As the world slowly follows Japans lead and heads towards digital wallets and contactless payment points, some UK customers will be able to try out a stick on credit card from Barclay Card.
You stick it on to the back of your mobile phone, then wave it at contactless payment points.
Must admit, not to sure how this works, security wise? Or how you don't accidently pay for things, but guess it's a sign of things to come. Makes your phone more ripe to get pinched as well!
BBC News - Barclaycard unveils mini, stick-on credit card
Anyone tried out or used contactless payment points? Whats the verdict?
Be interesting to see how quickly small businesses start adopting this technology.
From a psychological point of view - contactless technology should have a positive impact on sales - it makes the idea of money transaction even more abstract so the consumer is even further removed from the concept of 'cost'. Compare swiping a chip to handing over cash! enterprisepe
This bothers me as I'm not sure about the security implications either. It's already hard enough to protect against fraud without making it easier for the criminals to ply their trade. Whatever happened to the technology that was being heralded as the fraud proof method of payment a few years ago, where when you purchased an item you needed to leave a thumb print scan. Now that was a good idea. SCentral
“it makes the idea of money transaction even more abstract so the consumer is even further removed from the concept of 'cost'.” There's a large section of society that struggle with money or finances in general (hence payday loans, consolidation etc). I wonder if the banks will have a duty of care before letting everyman and his dog have access to this, or will it just further fuel personal debt problems? “Whatever happened to the technology that was being heralded as the fraud proof method of payment a few years ago, where when you purchased an item you needed to leave a thumb print scan.” Good point, something like a finger print scanner or retina scanner, it has to be a good way to prevent fraud, but no doubt it's the cost that's prohibitive  |
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