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24 Oct 08

Barclaycard chief predicts death of plastic cards

Plastic cards could be set to go the way of cheques and become virtually
obsolete as customers take up mobile and biometric systems to pay for purchases,
according to Barclaycard which is ramping up its investment in contactless
payment technology
is reported to be investing a seven-figure sum in contactless payment technology
2 more annotations...
- Barclaycard says it is also developing other 'paperless' ticketing applications
  that could be used in cinemas or for train journeys.
- scenarios where customers are alerted to special offers in local stores
  nearby on their mobiles. Other scenarios include enabling customers to use their
  mobile to scan an on-shelf price label and add items to their "virtual shopping
  basket". They would then be able to confirm their purchase and take it away
  without having to go to a checkout or get a receipt
  
  "In time you won't have to carry a plastic credit card around with you if you
  don't want to, although some people will chose to for nostalgic reasons,"