View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
February 21, 2017

Barclaycard to collect contactless TfL fares for another decade

Barclaycard is set to continue providing contactless payments services across TfL’s network including the upcoming Elizabeth Line.

By CBR Staff Writer

Transport for London (TfL) has extended its payment solution contract with debit and credit payment services provider Barclaycard for up to 10 years.

The contract has been extended for seven years, with an option to extend it for another three years. The new contract also includes the introduction of contactless payments for the upcoming Elizabeth Line, which is expected to commence operation in late 2019.

The two companies have been working together for more than two decades and as the merchant acquirer for TfL, Barclaycard claims to have processed over 278 million contactless transactions for journeys made on bus, tube, tram, DLR, London Overground, TfL Rail, Emirates Air Line, River Bus and most National Rail services in London.

In order to facilitate contactless payments on London’s transport network, Barclaycard says that it has developed a new solution which is compatible with how TfL charges for contactless journeys. At the end of the day the cost of journeys are aggregated and checked against specially designed transit fraud and risk rules.

READ NOW: TfL takes contactless payment system global

Wherever applicable, the transactions are also capped at the cost of the daily or weekly travelcard, to ensure that customers always pay the lowest available fare for the journeys they make.

These transactions are processed by Barclaycard’s transit enabl systems and the customer is billed with a single amount, while matching the price with the Oyster System.

Transactions which appear on the cardholder’s debit or credit card statement are clearly identified and, unlike Oyster, no topping-up is required.TfL fares

Content from our partners
Sherif Tawfik: The Middle East and Africa are ready to lead on the climate
What to look for in a modern ERP system
How tech leaders can keep energy costs down and meet efficiency goals

After contactless payments were first introduced in 2014, the number of transactions made using ‘touch and go’ are claimed to have grown exponentially. It is now estimated that almost 4 in 10 transactions are being done through Pay As You Go (PAYG) journeys and the numbers are growing as commuters find it easier to use the new technology.

Transport for London chief technology officer Shashi Verma said:  “Contactless payments have completely transformed the way people pay for travel in London, with more than 800 million journeys already made and around 1.8 million journeys being made every day.

“This new 10-year contract will help ensure these numbers continue to grow while also providing support to allow us to develop our ticketing system even further.”

Barclaycard Payment Solutions managing director Paulette Rowe said:  “We have used our five decades of experience in payments technology to help London become a world-leader in transport ticketing.

“The introduction of contactless payments has revolutionised travel in and out of the Capital, making paying for journeys quicker and easier for both everyday commuters and the millions of tourists who visit the city each year. We’re looking forward to embarking on the next phase of our partnership with TfL to roll-out a range of new technology initiatives in London and beyond.”

Apart from Barclaycard, other contactless payment providers accepted by TfL include Oyster, Apple Pay and Samsung Pay.

Topics in this article : ,
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU