Barclaycard Global Commercial Payments are to ensure that all newly issued Barclaycard corporate cards will be enabled to make contactless transactions. This is the first contactless corporate card in the UK and will give businesses of all sizes greater control to track smaller transactions which are currently made using cash.
Barclays and Barclaycard have been one of the leading forces behind contactless payments in the UK. Since 2007 they have issued over 14 million contactless debit and credit cards for consumers and put contactless terminals in more than 55,000 retail outlets. In May this year Barclaycard, in conjunction with Orange, launched the UK’s first contactless mobile phone.
Dennis Bauer, Managing Director of Barclaycard Global Commercial Payments, said: “As the first corporate card issuer to offer contactless, this is another major step toward Barclaycard becoming the UK’s leading business payments provider. We want to give commercial cardholders the best payments experience possible and will continue to invest in cutting-edge technology to make businesses more efficient and commercial payments easier.
“Contactless will enable businesses to track smaller transactions which are currently often made with cash. This gives businesses greater control over expenses as well as providing corporate customers an efficient and secure payment experience at the point of purchase. We hope we’re making our customers lives just that little bit easier.”
Global Commercial Payments is part of Barclaycard’s Global Business Solutions division, which serves 145,000 businesses and Government agencies in the UK alone. It recently won ‘Best Payments System Initiative’ at the 2011 Banking Technology Awards for its Barclaycard Spend Management platform, which helps businesses simplify card and expense management.