Barclays Eventually Gets Growth From Contactless Cards

Barclays believes that the future is contactless, and its enthusiastic pursuit of the contactless technology seems to be paying off. The company recently reported that there has been a 150% year-on-year increase in the number of contactless transactions through Barclaycard terminals. There are nearly 52,000 contactless terminals set up all across the U.K. by Barclaycard. Barclays’ competitors, including The Royal Bank of Scotland Group, Bank of America, UBS and JPMorgan Chase have yet to embrace this new technology with the same level of gusto giving Barclays an edge in this field.

Source: http://blogs.forbes.com/greatspeculations/2011/03/31/barclays-eventually-gets-growth-from-contactless-cards/

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