Barclaycard unveils contactless wristband
09 June 2014 | 13838 views | 4
Barclaycard is preparing to jump on the wearable tech bandwagon through the launch of a contactless payments wristband.
Barclaycard has been trialling the bpay bands over the last two years at music festivals. After each event, the bands were deactivated but next year will see a full-scale roll out of the technology.
The bands will enable users to make low-value payments through the tap of a wrist at over 300,000 spots in the UK, including in shops, bars and on London's public transport system.
Available to customers of any UK bank or credit card company, except Amex, the actual bands will be free and there will be no usage fee, says Barclaycard.
Customers will set up an online 'top-up' account and link this to their card or bank account and then add money either manually or automatically when funds run low.