Feeds

Barclaycard adds Oyster to credit cards

First contact(less)

Eight steps to building an HP BladeSystem

Barclaycard plans to release a credit card that incorporates a London Transport Oyster card.

Customers will also be able to pay for low-value transactions without having to sign or enter a PIN number, using so-called "wave and pay" technology and contactless readers in participating shops. The credit card itself is based on standard Chip and PIN technology, though Barclaycard reckons the development takes it one step further towards the release of truly contactless credit cards.

Providing trials are successful, Barclaycard plans to roll out its next-generation credit cards to its customers in London next year. The idea of combining an Oyster card with Barclaycard and Barclays Connect Visa cards follows an exclusive contract between Barclaycard and TranSys, the consortium which runs Oyster card in partnership with Transport for London (TfL), due to run for at least three years.

Antony Jenkins, Barclaycard’s chief executive, explained the rationale for combining an Oyster card and credit card. "London has seen huge success with the Oyster card from TranSys and TfL - in much the same way as cards have transformed many other consumer payments, it’s difficult to imagine how we managed beforehand. Putting Oyster and Barclaycard together makes life even easier for Londoners and takes our customers an important step closer to fully contactless card payments elsewhere," he said.

Contactless credit cards have inspired security concerns, particularly in the US but Barclaycard said its system is built on different technology established by Visa, that was more secure. ®

Mobile application security vulnerability report

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
Bose says today IS F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.