Barclaycard Launches Contactless Corporate Card in UK
Barclaycard Global Commercial Payments has said that newly issued UK Barclaycard corporate cards will be enabled to make contactless transactions. This will give businesses of all sizes greater control to track smaller transactions which are currently made using cash.
Contactless technology allows cardholders to pay for goods of £15 or under by simply holding a contactless-enabled card over a reader. There is no need to enter a PIN or sign for the payment and all transactions will appear on the corporate card statement.
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.”