Barclaycard and Cellnet announced a trial of ‘mobile electronic cash machines’, which will allow people to download ‘e-cash’ over Cellnet’s GSM network on their Barclaycard by inserting it into a specially designed Motorola mobile phone.
The 1,000 triallists can also use the card as part of the ongoing Visa Cash UK trial in Leeds, which 60,000 customers are taking part in. Visa Cash has a computer chip embedded in the card that is able to store up to 50 stg worth of cash electronically.
To use the new mobile electronic cash machine, a Barclaycard with the added Visa Cash function is inserted into a Motorola StarTAC mobile phone. The phone then asks the user to enter the withdrawal required, up to a limit of 50 stg, and a bank PIN. The e-cash is then deposited onto the Barclaycard via the Cellnet GSM network, and debited from the user’s account, in under a minute, the companies said.
The trial will be rolled out from April.
Barclaycard is a unit of Barclays PLC, while Cellnet is 60 pct owned by British Telecommunications PLC and 40 pct by Securicor PLC.