Barclaycard Signs New bPay Partnerships to Embed Contactless Payment Technology in Watches and Jewellery
February 26 2017 - 11:00PM
JCN Newswire (English)
LONDON, Feb 27, 2017 - (ACN Newswire) - Barclaycard has agreed two
new partnerships that will see its bPay payment technology embedded
into high street jewellery and watch brands, expanding the range of
wearable devices that can be used to make contactless transactions
in the UK.
The agreements are designed to complement bPay's proprietary range,
which comprises a wristband, fob, sticker and loop, and the
existing partnerships that already see the technology, which is
powered by Visa, embedded within fashion jewellery and mobile phone
cases.
The first partnership is with DCK Group with their range of 'Tutch'
jewellery. DCK is behind the concession jewellery offered in some
of the UK's leading high street retailers, and the partnership will
see bPay contactless payment technology embedded into some of the
most exciting and on-trend jewellery styles on the high street.
The second is with Tappy Technologies Limited, a pioneer payment
technology brand, which embeds payment functionality into watches,
instantly transforming traditional timepieces into wearable
contactless payment devices. Through agreements with a diverse
range of highly respected fashion brands, Tappy will bring the
ease, speed and convenience of contactless payments to watches
available in retailers across the UK.
Full details on the products to have contactless included, the
retail stores and price ranges will be confirmed in due course. The
bPay technology will be exhibited at the Visa booth at Mobile World
Congress in Barcelona from February 27th in Hall 4, Booth 4B20.
Following the successful introduction of the UK's first contactless
card, OnePulse, in 2007, Barclaycard and Visa worked together on
expanding availability of contactless payment technology into
wearables, leading to the bPay range of devices being launched in
2015. Since then, 6.6m spend has been made across 1.1m transactions
using bPay wearable devices.
Tami Hargreaves, Commercial Director, Digital Consumer Payments at
Barclaycard, said: "bPay was designed to meet customer demand for a
new, easy and convenient way of paying for everyday goods and
services. Thanks to the huge growth we are seeing in contactless
payments, consumers are looking for even more convenience when it
comes to paying and these partnerships show how the worlds of
fashion and technology can combine to provide consumers with quick,
easy and convenient ways of making secure payments for GBP30 and
under."
Kevin Jenkins, Regional Manager for the UK and Ireland at Visa
said: "Today's announcement is another example of Barclaycard and
Visa co-development in an ongoing, multi-year programme of
investment in innovation and infrastructure. We are delighted to go
into this next phase of wearable expansion as part of our
continuing efforts to give consumers safe, secure and easy ways to
purchase the items they want with tech that fits their
lifestyle."
Alan Witzenfeld, DCK Chairman, said: "Over the 40 years that I have
been in the jewellery business, the industry has seen many changes
and as a business we have thrived on being ahead of the trends with
both innovation and design. Our partnership with Barclaycard has
allowed us to revolutionise the wearable tech market, combining the
knowledge and security of a major bank with the design and
expertise of the best jewellery designers in the business to launch
an affordable, functional and desirable range of fashion led
jewellery."
Mr. Wayne Leung, Founder and CEO of Tappy, said: "It is an honour
for Tappy to be recognized as a 'wearable program partner' of Visa
and Barclaycard under this strategic partnership. Supported by its
existing global customer network and influenced by the brand effect
of Visa and Barclaycard, Tappy's solution will open new horizons
for the traditional watch & jewellery industry. Tappy's open
source solution is now readily available for all the brands."
About Barclaycard
Barclaycard, part of Barclays Bank PLC, is a leading global payment
business that helps consumers, retailers and businesses to make and
take payments flexibly, and to access short-term credit and
point-of-sale finance. As a pioneer of new forms of payment, we are
at the forefront of developing viable contactless and mobile
payment schemes for today and cutting-edge forms of payment for the
future. We also partner with a wide range of organisations across
the globe to offer their customers or members payment options and
credit. www.bpay.co.uk. Follow us on Twitter @bPay.
About Tappy Technologies
Tappy Technologies Limited is the developer of the 'Flexitag' and
'Payment Module', which can be used to design any type of
contactless payment wearable for traditional watch and jewellery
brands. Meeting global EMV (Europay, MasterCard, Visa) &
UnionPay Standards, Tappy's wearables can settle transactions with
pre-paid and tokenized payment methods through the Gemalto
solution. Headquartered in Hong Kong, Tappy has offices in Beijing
and San Jose as well as an R&D center in Guangdong, China.
www.gotappy.com.
Source: Barclaycard
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