Tag: Barclaycard

Christmas business likely to be low

Posted on November 8, 2022 by - News

Any hope that Christmas sales might boost retail business are likely to be dashed, according to a new report from Barclaycard.

Barclaycard said 48 percent of people it surveyed plan to spend less this Christmas, with 59 percent intending to buy less generous gifts and 42 percent cutting back on socialising.

The British Retail Consortium said spending at major stores in October was 1.6 percent higher than a year earlier, slowing from 2.2 percent in September and representing a big fall in the volume of purchases once inflation was taken into account.

BRC chief executive Helen Dickinson said: “Christmas will come later than last year for many and there may be more gloom than glitter as families focus on making ends meet, particularly as mortgage payments rise.”

Starbucks UK gets NFC

Posted on June 19, 2013 by - News, Products

starbucks-logoStarbucks has started accepting contactless payments in more than 550 stores in the UK. Barclaycard Global Payment Acceptance and Visa Europe are behind the tap-to-pay system, which seems to be gaining traction.

Starbucks says that cash payments are losing popularity fast, as only one out of three transactions are made in cash nowadays.

The system should make card transactions even faster, cutting queue times. Starbucks said the rollout of contactless follows other innovations implemented in the past, including a bespoke mobile payment app.

“Contactless payments are changing the way we pay in the UK. Transaction numbers are growing rapidly and with more than one in four UK Visa cards now contactless we’re expecting usage to quadruple again by the end of 2013,” said Mark Austin, Vice President at Visa Europe. “We’re delighted that Starbucks is joining the growing number of retailers who now offer contactless payments to their customers.”

There are currently over 27 million Visa contactless cards issued in the UK and contactless payments are accepted at more than 250,000 terminals in the UK, including on London Buses, which have seen more than 2 million transactions since launching contactless payments in December 2012.

Starbucks is behind the times and doesn’t pay much corporation tax. 711s and Family Marts in old Taipei have been piloting a combined NFC card for metro and other transactions for years.