Barclaycard launches PayTag contactless payment sticker
Barclays is to launch a contactless payment system for it's Barclaycard Visa customers. The Barclaycard PayTag is a sticker that's about a quarter of the size of a normal Visa card and can be fixed to the back of your phone (or any other device). It effectively turns the cardholders item into a mobile wallet. It's a free addition to customers existing Barclaycard account and will let customers make purchases for amounts up to £15 initially but this will rise to limits of £20 in June this year. It can be used at stores where 'contactless' payment systems exist which will soon include Waitrose, McDonald's, Boots, WH Smith, Tesco, Starbucks, Caffe Nero, Pret, the Slug and Lettuce and the London Underground. Concerns have been raised over security as the sticker doesn't require a pin number on purchases but Barclaycard says it comes with the same 100% fraud protection as its other cards and they will refund anyone who loses their card which is then us...