Barclaycard and Orange, who announced their strategic partnership to bring contactless mobile payments to market in 2009, believe this will be the biggest revolution in payments since credit cards were introduced in the UK over 40 years ago.
Working with the world’s leading handset manufacturers, the new offering from Orange and Barclaycard will enable customers to use their mobiles to pay for goods and services at more than 40,000 retailers that use contactless technology, by simply waving their mobile phone against a contactless reader.
The new contactless mobile payment technology has been developed to ensure customers’ transactions and personal data will be protected and secure. The new service will focus on an industry backed, SIM-based approach to payments ensuring enhanced security for customers, as well as to initially provide a single point of customer care contact. MasterCard will provide the payment capability for the contactless mobile transactions.
Contactless mobile phone payments will feature as part of the wider Orange portfolio of products, developed in conjunction with Barclaycard, and which already features a contactless co-branded credit card as well as the forthcoming contactless Orange Cash prepaid payment card.