Digital Network

ATMonitor Venommedia Cooconnect

RFP News

Barclaycard and Barclays Announce That Amount of Contactless Transaction in UK Reached One Million
Published on Nov 09, 2010

Barclaycard and Barclays have revealed the growing popularity of contactless payment technology in the UK, with the total number of transactions this year now reaching over one million. Since January there has been a 217% rise in monthly contactless transactions, with over 150,000 processed in September alone.

With 42,500 payment terminals in shops across the UK, there are now more opportunities than ever for the ten million Barclays and Barclaycard customers with contactless cards to make purchases under £15 more quickly and easily. Whilst contactless transactions remain a small part of overall card payments, increasing numbers of retailers and banks are committing to the technology, with contactless card holders predicted to reach 12 million in the UK by the end of the year.*

Stuart Neal, head of payment acceptance at Barclaycard commented: “The latest statistics on contactless payment show we are reaching a tipping point. The number of terminals has gone from 25,000 at the beginning of 2010, to 42,500 today, and this is before the big grocers like Co-operative begin their roll out in earnest. At a time when every penny counts for retailers, contactless helps boost customer satisfaction and reduce queue abandonment.”

Dan Wass, currents accounts director at Barclays, said: “The range of retailers offering contactless payments has grown significantly, from supermarkets, to restaurants to coffee shops all offering contactless as a quicker and easier option for their customers. Contactless offers a real alternative for traditional cash transactions, helping to reduce queues and ending consumers’ search for the correct change.”**

Vendor name: Barclaycard and Barclays
Product type: Banking Systems | Payment Systems / ATM | Retail | Treasury Systems

0 comments Post Comment plus


On our website you can find 6000 products from 3157 companies
Announce your products/ services on! Listing Costs $250 per/year Get listed today!

Featured Vendor

PriceMetrix Inc.

Logo PriceMetrix is a software firm that helps retail wealth management firms and their advisors optimize selling efforts, manage clients, identify growth opportunit ...

Version Control

FRSGlobal − Front Runner in Risk Mgmt and Regulatory Reporting


Steve Husk, CEO of FRSGlobal, discusses the factors financial institutions are faced with in order to equip themselves against the current regulatory environment.

View ISSUE >>
Research Paper

Sponsored Vendors

Don't miss out!

We're constantly updating with the latest news and research from hundreds of leading technology vendors.

Sign Up to our e-mail alert service to stay up to date.