R.I.P Chip & Pin: Barclaycard Glove Leads Way in Wearable Payment Tech

By Annifer Jackson

Major UK bank Barclays is getting serious about wearable technology applications as it experiments with contactless ‘tap and pay’ gloves.

The idea is that shoppers need not put down various bags in search of a purse or wallet, even phone, in order to make their payments across the counter.

It is equipped with an electric chip linked to the credit and/or debit card of the user, and at the moment permits payments of up to £20. Barclays is currently trialling a prototype which it hopes will be available for use in late 2015.

Nationwide recently launched an app for smartwatches which allows customers to view balances on their watch if they are synched with the mobile app.

Barclays has said that the chip in the gloves could be integrated into other items of clothing, begging the question of where the limit should be placed on this type of payment technology.

READ MORE: When will Google Wallet and Apple Pay Arrive in Europe?

Barclaycard originally considered creating tap and pay bracelets, handbags, hats or even elbow pads but the glove is the focus for the time being, with the bank development different models for men and women, and even considering making it available to customers from other lenders.  

Will this spell the end of chip and pin?

Whether the product will grow to be a staple in the wearable tech arena remains to be seen, for some immediate questions can raise doubts. For instance, the first thing many shoppers do on entering a store is remove gloves, while most of the year it is warm enough to go without gloves entirely.

There is also the concern with contactless that people may end up accidentally paying for things they did not intend to buy, or at least the fear that this could happen.

One thing is more certain, and that is that wearables will be a trend to keep an eye out for in 2015. 


Featured Articles

SAP creates new EMEA region and announces new President

SAP has announced it has appointed a new President for a newly-created EMEA region, aiming to make the most of the opportunities of cloud and AI technology

How SAP is facilitating continuous business transformation

Technology giant SAP has expanded its portfolio with the acquisition of LeanIX, a leader in enterprise architecture management (EAM) software

Siemens and Microsoft: Driving cross-industry AI adoption

To help businesses achieve increased productivity, Siemens and Microsoft are deepening their partnership by showcasing the benefits of generative AI

Sustainability must become central to corporate strategy


The endless benefits of putting your people first

Leadership & Strategy

Working from anywhere: SAP uncovers secret life of employees

Human Capital