Barclays produces PayTag: the NFC greeting cards you stick to your cellphone (video)

Barclaycard these days declared the release of Barclaycard PayTag, a new way to pay with your cellular phone. An incredible number of Barclaycard clients will be provided the chance to create expenses with any cellular cellphone by basically staying a Barclaycard PayTag to the returning of their mobile phone.

Available at no price, and specifically to Barclaycard Charge consumers, Barclaycard

PayTag is an expansion of a client's bank greeting cards account. At a third of the size of a regular greeting cards, it can be prudently and basically trapped to the returning of any cellular cellphone. Once connected, it can be used to create expenses of £15 and under, increasing to £20 in May, by basically being organised over a contactless transaction terminal.

David Chan, CEO of Barclaycard Customer European countries, said: "Today, we are providing the option of cellular expenses to large numbers of our clients at no extra price to them. More than half of us say that the product we're most missing without is our cellular phone[1], so we're providing people with the option of using them to create simple, practical, daily expenses without the need to update their current mobile phone."

The statement comes as Charge forecasts that the number of contactless point-of-sale devices in the UK will increase by 50% to 150,000 this season. Significant suppliers that provide, or are presenting, contactless include Waitrose, McDonalds, Footwear, WH Jackson and Tesco. By the end of 2012, London, uk vehicles will also take contactless expenses, followed by the Pipe and the rest of the transportation system in the Investment in 2013.

Barclaycard PayTag is protected and safe, and comes with the same 100% scams security as any Barclaycard. An unique list of clients will be welcomed to obtain their Barclaycard PayTag in the arriving several weeks, before they are provided to large numbers of Barclaycard clients later in the season.

David Chan, adds: "Barclaycard is creating a variety of projects which will eventually allow everyone to enjoy the benefits of cellular expenses. Barclaycard PayTag is another landmark on our voyage to create shelling out easier, and rests together with other simple ways to pay with your cellular such as those we provide in alliance with Red."

Last week Barclaycard and Red declared that charge or credit score greeting cards owners from all UK financial institutions would be able to fill money onto Barclaycard's cellular expenses program, in the Fast Tap pockets. This will open up the chance of contactless expenses to more Red clients. Red also verified that it would be making Fast Tap available on a variety of Operating system mobile mobile phones, with the first to be declared in the arriving several weeks.

Research performed on Barclaycard's part forecasts that £3 million worth of buys will be made with cell mobile phones in the UK in 2016[2]. Barclaycard PayTag provides clients with the option of simple cellular cellphone expenses now, without having to delay to update, and at no extra price.

To find out more and to sign-up interest in Barclaycard PayTag, please visit barclaycard.co.uk/paytag.