News & Views - Savantor

Contactless getting hotter

Friday, 01 December 2006

Hot on the heels of the recently announced UK roll out of contactless cards in 2007 we now have the news that at long last a deal has been done to place Oyster functionality on debit and credit cards.  Barclaycard, will next year introduce contactless cards that can be used to pay transit fares on London trains and buses. The card will be compatible with Oyster, Transport for London's contactless fare-payment card, and will also allow cardholders to make low-value purchases at merchant outlets by tapping the card against a reader.

The card will have its formal launch sometime next summer, but small numbers of cards will be issued before that time in a test run of the new contactless system. The contactless cards will look exactly the same as traditional Barclaycard credit cards but will also have Visa's contactless symbol as well as the Oyster logo on the reverse side.   The cards will have a dual interface chip where the contact interface will manage Barclaycard payments and the contactless interface will have two separate and distinct functions; Oyster, and a low value, contactless payment capability.  Oyster has grown considerably in popularity with London commuters since its launch and now has 5 million active cards and accounts for 70% of the 10 million daily journeys covering tube, bus and DLR.

So although it has taken a long time for contactless payment to really take hold in the UK it seems that 2007 will be a watershed year with all the major UK players involved in some way.  One of the interesting aspects of this latest revolution will be the variety of form factors that evolves.  Mobile phones watches and key fobs are in regular use elsewhere in the world so it can only be a matter of time before these start to hit UK consumers.

Savantor Services

Savantor Services

Savantor services are tailored to Client needs based on our core service areas

Specialist Resourcing Payments Strategy Platform Transition Operational Efficiency
Savantor Services

Job Opportunities

Consulting and contracting roles in the payments, mobile and banking arena within the UK and across Europe

View more
Savantor Services

Savantor Views

Find out more from our Savantor brochures, MarketEye back copies and Industry opinion

Collateral Market Eye News & Views Sign Up to receive MarketEye

Client Quotes

Payment Specialists

"Working close with Savantor's professionals over the years in the payment arena. I appreciate the skills and knowledge these guys have and will surely engage with them when opportunities arise. The current engagement with Savantor is full to satisfaction and beyond."

Idsert Walta, Head of Banking Categories - Nordea - Scandinavia

Credit Risk Review for New Product Launch

"We needed expert help at short notice and Savantor were very impressive in their response and knowledge. The results were very clear and useful, enabling us to quickly make good progress on the next steps."

Sami Karhunen, Head of Business Intelligence and SME Sales - Point Transaction Systems Oy - Finland

Complex Cards Business Transformation

"This was a major business transformation that required us to build an excellent team made up of internal bank specialists, supported by external card business, technical and operations expertise. Savantor provided specialists from the local market and with international experience to fill a variety of important roles. The Savantor resourcing team are professional, reliable and good people to work with."

Ricardo Gomez, Director - Operations & Technology - WiZink Bank - Spain

Commercial Card Migration

"Execution at its best. We're delighted that this project has been truly outstanding and received an award from 'The Banker'. Savantor provided crucial expertise that helped us keep all our promises in terms of delivery. The scheduling, planning and control regime throughout was excellent."

Chris Mason, Director - Commercial Cards EMEA - Citi - UK

Credit Card Launch

"Savantor's knowledge and experience were the key differentiators in selecting them and they contributed greatly to the success of the product launch and the effectiveness of the ongoing operational service."

Toine Schepers, Operations Director - Primeline - The Netherlands

Complex Multi-Country Migration

"This complex migration, undertaken simultaneously in Spain and Portugal, has been a complete success. Savantor has provided us with excellent support for over 3 years, both in the original business transformation programme and now this double migration. We value their open and honest approach to business, and of course the expertise that they bring."

Ricardo Gomez, Director, Operations & Technology - WiZink Bank – Spain & Portugal

Collections Transformation

"Savantor did an absolutely superb job for us on the Collections programme. The professionalism, hard work, courtesy and tenacity of their experts is a credit both to the individuals and to Savantor."

Peter O'Dea, Senior Manager - Collections Department - Permanent tsb bank - Ireland

Acquirer Strategy and Operating Model

"Savantor brought an effective blend of European acquirer market expertise and transaction processing solution design. Their experts quickly forged strong working relationships with our team. We enjoyed working with them to create our future acquirer strategy."

Mikko Hyttinen, SVP - Lending Services - OP-Pohjola Group - Finland

Clients - Request Support

Send us a support request and one of our specialists will be in contact to assist you.

Consultants – Upload your CV

Register your CV with us and gain access to a range of job opportunities through our online job search portal.