In depthWe ask is usinga cash point safe?
Barclaycard have announced the launch of their new way to pay, the PayTag, which lets you pay for items with your mobile phone.
Millions of Barclaycard customers will be given the chance to make payments with any mobile device by simply sticking a PayTag to the back of their handset.
After attaching the extra card, cardholders will be able to use them at contactless terminals up to the value of £15, without entering a PIN code.
According to David Chan, CEO of Barclaycard Consumer Europe, the PayTag will make everyday payments easier and more convenient:
"More than half of us say that the item were most lost without is our mobile phone, so were giving people the option of using them to make easy, convenient, everyday payments without the need to upgrade their current handset.
This news comes just days after experts warned over the security behind the growing number of cash-less payment systems.
However, Barclaycard say that the technology is safe and secure, and comes with the same 100 per cent fraud protection as any Barclaycard.
An exclusive group of customers will be invited to receive their Barclaycard PayTag in the coming weeks, before they are offered to millions of Barclaycard customers later in the year.
So far, contactless payment is permitted at stores including Tesco, Boots, Pret a Manger and Eat.
For more information and to register your interest in the Barclaycard PayTag, visit barclaycard.co.uk/paytag
Disclaimer: Supanet is not responsible for, and disclaims any and all liability for the content of comments written by contributors to this website
Mick Jagger’s hair to be auctioned in London
Focus on: Tesco offers 0% on card debt - for no fee
China company invests in UK yachts
Current account switching gets easier
Health watchdog CQC accused of ‘cover up’
Deaths in care homes have increased
Government looks for improved university acceptance
Nigella’s husband Charles Saatchi is cautioned
Fewer pubs need CCTV to keep license
5 ways to save for down payment for first home
| Lender | Chelsea BS 60% LTV | C&G (Direct) Remortgage 60-75 | Tesco Bank Remortgage |
| Initial Rate | 1.69% | 1.89% | 1.95% |
| Duration | To Jul 2015 | To Aug 2015 | To Jun 2015 |
| Revision Rate | 5.79% | 3.99% | 4.24% |
| Overall Cost for Comparison | 5.2% APR | 3.9% APR | 4% APR |
| Max LTV | 60% | NA | NA |
| Fee | £1675 | £2094 | £995 |
| Early Repayment Charge | 3% of outstanding loan for scheme period... | 3% of outstanding loan before 31/08/2014... | 2% of outstanding loan for scheme period... |
| Apply | Apply | Apply |
Your home may be repossessed if you do not keep up repayments on your mortgage.
Moneysupermarket.com Limited is an appointed representative of Moneysupermarket.com Financial Group Limited, which is authorised and regulated by the Financial Services Authority (FSA FRN 303190).
Powered by
MoneySupermarket are free, independent & compare all UK loans & credit cards as well as offering exclusive deals you won't find anywhere else. MoneySupermarket House, St David's Park, Ewloe, Flintshire CH5 3UZ
Greener homes increase value, says research
Russell Crowe honoured at a Film Festival
Duke of Edinburgh has left hospital
UK’s top universities are socially exclusive, says report
“Tweet” has made it to the Oxford English Dictionary
Keep track of financial issues to avoid larger problems
British citizenship test & types of information
Doubt about defence capability if Scotland is independent
Focus on: Pay 0% on debt AND spending with new Fluid card
| Top Credit Card Deals | ||
| Representative APR | ||
| Tesco Bank | 16.90% | Apply |
| M&S | 16.90% | Apply |
| Lloyds TSB | 17.90% | Apply |
| Powered by |
||