Barclaycard Business and Computer Cab plc have announced the unveiling
of the first taxi contactless payments system, at the Business Travel
Show held in Earl’s Court last month.
Barclaycard Business is one of the largest acquirers and processors of
card transactions in Europe, boasting over 95, 000 retailer and business
relationships. This most recent partnership sees Barclaycard Business
and ComCab team up to fit a ‘concept cab’ with Visa ‘wave and pay’
technology in order to demonstrate how the taxi company can offer
customers a secure and efficient way to pay for low value taxi fares.
What’s more, the contactless payment system is more convenient for
people who take taxis, as it reduces the need to handle cash.
These new developments from Barclaycard follow the announcement last
year that Barclays would be combining chip-and-pin technology for credit
card payments alongside that of the Oyster Card. This card, currently
under trial, also allows customers to pay for low-cost items in shops
without having to enter a pin number and will be rolled out to
Barclaycard customers later this year if it proves successful.
The innovations made by Visa’s ‘wave and pay’ system could change the
lives of millions of people who would like to avoid the accumulation of
loose change in their pockets. The system, currently being tested by
Barclays in a range of formats, requires customers to pass a credit card
in front of an electronic reader in order to make small payments.
The new partnership between Barclaycard Business and ComCab sees one of
London’s leading taxi operators team up with Visa Commercial Cards’
number one issuer in Europe. Barclaycard Business oversees 152, 000
corporate customers and over 565, 000 Visa cardholders.
As well as its traditional terminals, Barclaycard Business also offers
other paying by card solutions for all business types and various
payment processing methods, such as portable terminals, ideal for bars
and restaurants; the mobile terminal, for taxis and similar mobile
professions; as well as established payment methods by phone, mail &
Barclaycard is a multi-brand international credit card and consumer
lending business; it is one of the leading card businesses in Europe.
In the UK, Barclaycard manages the Barclaycard branded credit cards and
other non-Barclaycard branded card portfolios, including Monument,
SkyCard and Solution Personal Finance. In consumer lending, Barclaycard
manages both secured and unsecured loan portfolios, through Barclays
branded loans, being mostly Barclayloan, and also through the FIRSTPLUS
and Clydesdale Financial Services businesses.
Outside the UK, Barclaycard provides credit cards in the United States
through Barclaycard US, Germany, Spain, Italy, Portugal, Scandinavia and
Barclaycard Business processes card payments for retailers and issues
purchasing and credit cards to business customers.