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| New Barclaycard is touch-and-pay | New Barclaycard is touch-and-pay |
| (about 1 hour later) | |
| Barclays has signed up more than 1,000 London shops to accept a touch-and-pay credit card, the bank says. | |
| Chains such as Coffee Republic and Eat will be some of the first to accept the contactless Barclaycard credit card, which will be launched in September. | |
| The idea is inspired by the Oyster payment method adopted by Transport for London, in which commuters press a small card against a special pad. | The idea is inspired by the Oyster payment method adopted by Transport for London, in which commuters press a small card against a special pad. |
| The card combines chip-and-pin technology with the Oyster travelcard. | The card combines chip-and-pin technology with the Oyster travelcard. |
| The card, called Barclaycard OnePulse, can be used to pay for items costing less than £10 without using a four-digit Pin number or signing for purchases. | |
| It will help us to eliminate queues in the busy lunchtime rush Guy Harvey, financial director at Eat | It will help us to eliminate queues in the busy lunchtime rush Guy Harvey, financial director at Eat |
| Any transaction over £10, however, will still need a Pin to verify it. | Any transaction over £10, however, will still need a Pin to verify it. |
| Wave and pay | Wave and pay |
| "We are excited about installing cashless readers in 25 of our London stores," said Guy Harvey, financial director at UK High Street sandwich chain Eat. | "We are excited about installing cashless readers in 25 of our London stores," said Guy Harvey, financial director at UK High Street sandwich chain Eat. |
| "It will help us to eliminate some of the frustrations for our customers, such as queues in the busy lunchtime rush." | "It will help us to eliminate some of the frustrations for our customers, such as queues in the busy lunchtime rush." |
| In addition to making small transactions, the credit card is also designed to act as an Oyster card for travel on London's Tubes and buses. | In addition to making small transactions, the credit card is also designed to act as an Oyster card for travel on London's Tubes and buses. |
| The bank has struck a deal to try out the new cards and contactless readers with TranSys, the company that runs the Oyster card system with Transport for London. | The bank has struck a deal to try out the new cards and contactless readers with TranSys, the company that runs the Oyster card system with Transport for London. |
| The deal gives it the exclusive right, for three years, to put Oyster cards on its Barclaycard credit cards and Barclays Connect debit cards. | The deal gives it the exclusive right, for three years, to put Oyster cards on its Barclaycard credit cards and Barclays Connect debit cards. |
| The company has stressed, however, that the two types of transaction will remain separate. | The company has stressed, however, that the two types of transaction will remain separate. |
| Security issues | Security issues |
| Barclays is confident that the combined credit and Oyster card will be popular, particularly in London. | Barclays is confident that the combined credit and Oyster card will be popular, particularly in London. |
| It says the new cards cannot be cloned or counterfeited and if a card is lost or stolen, the cardholder can cancel the card and it will no longer work for contactless transactions. | It says the new cards cannot be cloned or counterfeited and if a card is lost or stolen, the cardholder can cancel the card and it will no longer work for contactless transactions. |
| But analysts have raised questions about whether security could be compromised and if will lead to a rise in card fraud. | But analysts have raised questions about whether security could be compromised and if will lead to a rise in card fraud. |
| Meanwhile, Visa and Mastercard will also be introducing the touch-and-pay technology in certain London locations in September for their credit cards. | Meanwhile, Visa and Mastercard will also be introducing the touch-and-pay technology in certain London locations in September for their credit cards. |