Bye Bye Credit Cards

Bye bye credit cards! Hello mark-of-the-beast technology becoming mainstream!

Britain's biggest credit card provider - Barclaycard - is to boost its contactless payment system, which it believes will mean the physical plastic credit card will die out in the foreseeable future.

Barclaycard, owned by Barclays Plc, introduced its first contactless credit card as the OnePulse product one year ago, in which a microchip allows customers to pay for goods by touching the card against a reader without having to remove it from their wallet or purse.

The group now plans to issue over 1 million contactless cards by the end of this year. Barclaycard then plans to make it possible to put the chip into a mobile phone or key fob (and from there implanted in the body), meaning the need to carry a plastic credit card will disappear.

"In time you won't have to carry a plastic credit card around with you if you don't want to, although some people will chose to for nostalgic reasons," Barclaycard Chief Executive Officer Antony Jenkins said in a statement on Monday.

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