Barclaycard announced the launch of a mobile payment program called PayTag that uses an NFC-enabled sticker affixed to the back of a mobile device to make contactless payments at point of sale terminals. It turns any mobile phone, even those without NFC capabilities, into a mobile payment device.
“Today, we are offering the choice of mobile payments to millions of our customers at no additional cost to them,”
said David Chan, CEO of Barclaycard Consumer Europe, in a statement.
At the moment, PayTag is available at no cost to Barclaycard’s Visa cardholders and is simply an extension of an existing credit card account. And it can only be used for purchases under £15 (about $25). The limit will be raised to £20 in June.
“Barclaycard is developing a wide range of initiatives which will ultimately enable everyone to enjoy the benefits of mobile payments,”
View the original article here: Barclaycard Mobile Tag