Barclays face cirtical headwinds - august/sept. Having not settle litigation with US authorities (unlike other banks last year) could cost them 10billion. Also we are coming up to april/may a period of market retrace and together with other litifations I'm afraid barclays could fall to best case 1.80 worst case 1.50.
Just opened a large short position at 2.32 as any bounce I will be looking to short...heavily
This story was delivered to BI Intelligence "Payments Briefing" subscribers. To learn more and subscribe, please click here. Major UK card issuer Barclaycard announced more partnerships to integrate payment functionality into wearable devices, according to Finextra. Now, the issuer has partnered with two firms, DCK Group, which partners with retailers for luxury jewelry, and Tappy Technologies, which works with watchmakers, in order to extend contactless payment functionality via chip to their offerings. The move will complement Barclaycard's proprietary line of wearables as well as existing partnerships. Moving into wearables could be promising for Barclaycard. Contactless interest may have led to success in its proprietary line that could carry over to partners. In November, contactless card usage accounted for £2.9 billion ($3.6 billion) in sales, up 184% year-over-year (YoY), according to the UK Cards Association. That trend could indicate rising usage in noncard contactless payments as well, like mobile wallets or wearables. Since its launch last July, Barclaycard's proprietary wearables have seen 1.1 million transactions worth £6.6 million ($8.2 million), a figure that's a promising start and likely to rise. But Barclaycard will have to work to gain customers. However, while consumers are interested in, and apt to make, wearable payments, it's unclear if they will be willing to buy new products for this express purpose - a Barclaycard study of UK customers found that the group is most interested in retrofitting existing jewelry and wearables for contactless payments. That means Barclaycard's partnerships could be more effective if they work in turning existing items into payment devices rather than solely marketing new ly enabled offerings. The rapid expansion of the Internet of Things (IoT) offers payments companies an opportunity to expand beyond mobile phones, cards, and point-of-sale devices, to a broad and diverse ecosystem of internet-connected devices. We forecast that there will be 24 billion connected devices installed globally by 2020, up from nearly 7 billion today. And over 5 billion will be consumer connected devices by 2020, representing a massive expansion of touchpoints that could eventually offer payments functionality. BI Intelligence, Business Insider's premium research service, has compiled a detailed report that dives into the budding industry of connected device payments, providing a rundown of the stakeholders driving innovation in wearables, connected cars, and connected home devices. It also gauges the impact of new payment devices on different payments companies, along with how these devices could shift consumer purchasing behavior. Here are some of the key takeaways from the report: The Internet of Things is ushering in a new era for payments companies and manufacturers. The rapid expansion of the Internet of Things (IoT) offers an opportunity to facilitate payments beyond mobile phon
Barclaycard adds wearable partners Business Insider
Major UK card issuer Barclaycard announced more partnerships to integrate payment functionality into wearable devices, according to Finextra. Now, the issuer has partnered with two firms, DCK Group, which partners with retailers for luxury jewelry, and Tappy Technologies, which works with watchmakers, in order to extend contactless payment functionality via chip to their offerings. The move will complement Barclaycard's proprietary line of wearables as well as existing partnerships. Moving into Read the full story
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