Printed from http://www.electronista.com

Barclays Paytag grafts NFC payment on to existing devices

updated 08:20 pm EDT, Wed April 18, 2012

Barclays tries ad hoc NFC payment tech

Barclays on Wednesday night brought out a mobile payment system that's independent of any one platform. Paytag is a small, plastic add-on that users can stick to a phone, or any object, that lets it make NFC payments at a supporting store. Those with a Barclaycard Visa can pay for goods worth up to 15 ($24) now, with an extension to 20 ($32) in June.

The system is reportedly as secure as a conventional card. Although not as sophisticated as a smartphone app, it means customers don't have to replace their phones or other hardware to start making payments, Barclays said. As an example, customers at an event got to use mockup iPhones with Paytag stuck on the back, showing how a device that currently doesn't use NFC could still make Paytag work.

Anyone with a one of the credit cards will eventually get a Paytag unit for free, although only some customers are getting them now. Initial coverage for the NFC system, which doesn't have an exact go-live date, includes UK-oriented chains like Boots, Waitrose, WH Smith, and Tesco, as well as McDonald's. It may ultimately extend to London buses before the end of the year and the London Underground in 2013.

Full device-aware NFC payment systems have been tested in the UK and elsewhere so far, but very few are in regular, consistent use outside of Japan. A lack of consistent device support and competing formats has often been blamed for the gap. Barclays' method may serve as a bridge to get more customers familiar with NFC before it's integrated into devices. [via The Inquirer]



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

  1. facebook_Rye

    Via Facebook

    Joined: Apr 2012

    0

    comment title

    You are right, Barclay's PayTag is a stepping stone for NFC and is a way for it to be mass-marketed. Wonderful things are happening in the payment industry and as a small business owner this excites me a lot because I know ultimately this will help boost my business. I plan to get an NFC-enabled POS very soon. Another thing, I'm also looking forward to getting is an mPowa mobile card reader that's why I check their site www.mpowa,com frequently to see when they are launching in the UK.

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

IDrive cloud backup and sync service

There are a lot of cloud services out there, and nearly all of them can be used for backing up key files and folders. A few dedicated ...

Asus Chromebook C300

When Chromebooks hit the market back in 2011, consumers didn't know what to do with them. The low-cost laptops, powered by Google's Ch ...

Plantronics BackBeat Pro Bluetooth headphones

Looking for a pair of headphones that can do everything a user requires is a task that can take some study. Trying to decide on in-ear ...

Sponsor

toggle

Most Commented

 
toggle

Popular News