can I just leave my card at home now and take my smart phone then? Contactless cash is truly a contactless cash machines
(not contactless ATMs) in bank branches which enabling customers to withdraw up to £100 by tapping their debit cards or
mobile phone (or smart phone) at the terminal.
Contactless Cash Terminal
This services was first launched in United Kingdom (UK) by Barclays Bank. It is available on many bank in-branch machines, which allowing
customers to withdraw cash with just a tap of their contactless debit card or Android smartphone.
Android smartphone users with the Barclays banking app installed would benefits greatly on this service as Barclaycards customers has the option to either insert the amount and PIN on the banking app and tap the contactless cash machine to collect their funds,
Or place their smart phone or debit card against the contactless reader before entering their PIN on the machine and withdrawing their cash as normal.
This will greatly help to make cash withdrawals more secure by removing the threat from magnetic card skimming and distraction fraud.
Barclaycards customers right now do expect to use their smartphone to make their everyday purchases.
Innovative bank like Barclays want to take out cash to be just as easy as 123. With Contactless Cash customers can quickly and securely take-out money with just a tap of their smartphone or debit cards - Barclays is the first for the UK.
Contactless cash machine is an efficient source that tries to give consumers access to their money as quickly as possible with terminal you can trust.
Thanks to Barclays, YOU will now be able to take cash out without putting your card in a machine or even without a card at all.
Tith Contactless Cash customers can quickly and securely take-out money with just a tap of their smartphone.
Contactless Mobile Payment
Mobile payment using the contactless card helps vendors to avoid the effort and costs associated with handling cash, the electronic ticket on
the chip makes it easier to manage the entrance of shop fans into the studium and the high-tech card helps to increase convenience, security
and service efficiently for studium visitors and vendors.
Shop fans do not need to take money with them and the lines at cash registers are shorter.
Paying with mobile devices such as mobile phones or smart phones will expand worldwide in the coming years. This development provides opportunities for various industries (banking, telecommunications, credit card business, manufacturers, suppliers, retail) and for consumers.
This webpage attempt to describes the current status, trends and critical aspects of successful mobile payment. It combines theory and practice on offering.
Comprising essential aspects of a successful mobile payment as well as successful case studies and practical examples, this webpage is for all who are developing, offering and using mobile payment.
No contact necessary as the payment is contactless, therefore, simply placing the card in the contactless cash terminal in front or the cash register and acknowledge the purchase or withdrawal suffices from the transaction. This means less waiting and more convenient handling.
Contactless payment are fast and easy, convenient and cheap; they also getrid of cash. For example, going onto the London Underground (or underground tube) station used to involve going around with loads of coins in your pocket orpurse if you did not want to queu for hours to change a note.
Now, thanks to the Oyster Card, blink and you have paid. The same is true in Hong Kong with the Octopus Card or Tokyo with the Suica Card.
And all sorts of other destinations for contactless payment are popping up overnight. For example, McDonald's now takes contactless payment across all of its United States of America (USA) stores and Bossini in Hong Kong accepts the Octopus Card for buying cloths.
The big three card providers, namely MasterCard, Visa and American Express (Amex) have a massive contactless deployments.
All three are making rapaid inroads by partnering with cash-friendly franchises, such as cinemas, convenience stores, gas stations or petrol stations, fast-food outlets, etc.
If contactless payments grow such that you can pay for all of the things you currently buy with notes and coins, then why do need cash at all?
If you do not need cash, why do you need cash machines? If you do not need cash machines, then what is the ATM for?
The ATM has to find a new role in the future of banking in a Globalised World society life.
That might be depositing cheques, accepting payments, paying bills, offering advertising, dispensing tickets, topping up contactless payment devices or even downloading bank statements to PDAs - but it won't be dispensing cash.
That leads to the next sign of change - Barclays contactless cash.