25 April 2017
Visit EBAday.com

TSB issues 2.2 million contactless cards

11 July 2014  |  3272 views  |  0 Source: TSB

TSB has rolled out 2.2 million new contactless debit cards increasing the number of TSB customers able to tap and go by almost five times.

In January 2014, TSB announced its commitment to issue contactless debit cards to all eligible TSB customers and in just six months, TSB has seen a huge surge in customers making more use of their contactless functionality.

The Bank has already seen contactless spend rocket in June to nearly six times the amount spent on contactless cards in January and contactless taps by TSB customers also increased fourfold. This is due to more customers having contactless cards but also shows that more people are comfortable with making contactless payments.

According to TSB data, the average contactless payment has been consistently between £6 and £7 over the past six months, with many using their contactless cards for smaller purchases at Marks & Spencer's, McDonalds, Boots and on Transport for London buses.

Jatin Patel, Products Director, TSB, says: "We are extremely proud that in just six months all of our eligible debit card customers have been issued with new TSB cards with contactless functionality.

"Life is increasingly busy so offering our customers the opportunity to 'tap and go' was an important step to ensure they can benefit from the latest and most convenient payment options."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Find out morevisit dh.comVisit capgemini.com

Top topics

Most viewed Most shared
hands typing furiouslyDoes the Buck Stop with GameStop?
14684 views 0 | 3 tweets | 14 linkedin
BBVA runs live funds transfers over RippleBBVA runs live funds transfers over Ripple
11500 views comments | 31 tweets | 20 linkedin
Alipay and WeChat near $3 trillion payments milestoneAlipay and WeChat near $3 trillion payment...
9695 views comments | 35 tweets | 38 linkedin
hands typing furiouslyBitcoin ETF Bites the Dust, Needs More Sec...
9300 views 0 | 7 tweets | 7 linkedin
Western Union and MoneyGram unveil Facebook Messenger bots; Mastercard and Amex pile inWestern Union and MoneyGram unveil Faceboo...
8992 views comments | 17 tweets | 17 linkedin

Featured job

to 120K base, £300K ote, stock options
London, UK

Find your next job