CardWeb.com’s CardExecs database of payments industry movers and shakers today features Amer Sajed, Interim Chief Executive Officer, Barclaycard.
Given recent research demonstrating 98% of current contactless
cardholders agree the payment method is easy to use, while 88% agree it
saves plenty of time, Barclaycard is upping its contactless-enabled Gold
and Classic card deployment for users receiving new, reissued or
replacement plastic. The contactless Barclaycard solution provides
nearly 2 million users secure, time-saving payment for the purchase of
goods and services costing less than GBP10. The solution is currently
accepted for payment at such retailers as PrÃÂªt a Manger, Coffee
Republic, Eat and Yo! Sushi. Contactless cards available through
Barclaycard include the “OnePulse”, “Platinum” and “Goldfish” cards,
none of which require a PIN nor signature. Barclaycard is part of
Barclays Global and Retail Commercial Banking division, serves 11.7
million customers in the UK, serves 11.6 million global customers and
maintains 89,000 retailer/merchant relationships.
Barclays and Barclaycard have welcomed the announcement that RBS and MasterCard are to trial
contactless payments in Boots stores across London and Liverpool. Since launching contactless payments with the introduction of
Barclaycard OnePulse in September 2007, Barclays and Barclaycard have
led the way in introducing contactless technology, including plans for
payments via mobile phone to be available on the mass market by 2012.
There are now almost two million contactless enabled Barclaycard’s and
half a million Barclays debit cards on the market, including all new and
re-issued Barclaycard OnePulse, Barclaycard Platinum, Barclaycard
Goldfish, and Barclays Visa and Premier Visa debit cards.
In conjunction with Football Fans Census, Barclaycard is conducting a
Fans’ Survey” to analyze the optimism of 5,700 soccer fans in their
teams. The survey is being conducted in conjunction with the
introduction of the
Barclaycard “Football Card”, which offers 0% interest on season ticket
purchases, chances to compete in promotional contests, and rewards on
purchases. So far, Manchester United fans have demonstrated the most
optimism among those surveyed. Barclaycard encompasses both Barclaycard
and Sky Card branded credit cards, along with FIRSTPLUS secured lending,
and manages Solution Personal Finance card operations.
Barclaycard has introduced the “Barclaycard Football” credit card targeting
the fans of the sport. The card offers 0% on balance transfers for 12
and 0% on season ticket purchases until the cost of the ticket is paid
Rewards are offered at up to 5% on team merchandise at retailers including
JJB Sports, Superdrug, Waterstones, W H Smith and Currys. Merchandise
for point redemption includes 1,600 points for an Adidas football, 2,000
points for a GBP 10 JJB Sports voucher and 7,000 points for a football
jersey of their choice.
Barclaycard’s “Flexi-Rate Card” is offering a lower APR and a new 0%
balance transfer deal for twelve months. This
will enable cardholders to reduce borrowing costs on other credit cards
by switching to “Flexi-Rate.” However, the consumer will have to pay a
2.5% balance transfer fee. Customers are twice as likely to repay
more than 10% of their outstanding balance each month, reducing the
interest rate charged to 9.9%. “Flexi-Rate” also charges a lower interest
rate to those customers who pay off a higher proportion of their
balance. Outside the UK, Barclaycard provides credit cards in the United
States through Barclaycard US, Germany, Spain, Italy, Portugal,
Scandinavia and across Africa.
New research shows that three out of five college upperclassman expect to have no credit card debt upon graduation and a year after graduation. The survey, conducted by Harris Interactive for Citibank, also reveals that 32% of college juniors and seniors have missed or been late on a credit card payment. Also, a quarter have written a check that bounced. Citi says it found that 42% of upperclassmen expect to be financially secure within three years after graduation, compared to 35% a year ago. The Harris survey also found that 37% think opening unnecessary new credit cards will not lower their credit score and 22% think using a debit card will help them build a credit history. Harris conducted the survey of 1,060 U.S. college juniors and seniors at a 4-year college or university between January 7th and 19th.