Bank Systems & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.


11:55 AM
Connect Directly

Barclaycard Launches Budget-Aware Contactless Credit Card

Cardholders set up text messages to notify them when they're spending too much.

Barclaycard and Orange have launched a joint contactless credit card that lets customers set spending levels for themselves and either have transactions blocked or receive warning alerts when they hit their budget limits.

We first became aware of Barclaycard's contactless card technology a year ago when we saw and admired the commercial on YouTube, seen above.

The new card announced today will allow customers to set up automated SMS alerts for their card account and to place blocks on their card spend. Customers can set a weekly or monthly budget and set alerts when the budget is reached or chose to automatically decline transactions if they exceed the budget. They will also earn Orange reward points that can be redeemed at certain retail stores.

Register for Bank Systems & Technology Newsletters
Bank Systems & Technology Radio
Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.