London - Dentons has advised Barclays Bank Plc on the roll-out of two additional payment solutions to its mobile payments app Barclays Pingit; 'buyit' and 'mobile checkout'.
Barclays Pingit, a marketing leading banking app launched by Barclays in 2012, now allows users to purchase directly from merchants using the 'buyit' or 'mobile checkout' features. 'buyit' enables customers to order and pay for goods and services by scanning a QR code, while the 'mobile checkout' feature will allow merchants to integrate Barclays Pingit payments into their own mobile sales paths.
Dentons' work included providing regulatory advice, innovative contracting structures and drafting new licensing terms for merchants and platform intermediaries.
Martin Fanning, partner in Dentons' Banking Technology team, said: "We were delighted to work with Barclays to develop an innovative contractual framework to support these new developments. This deal really demonstrates Dentons' strength in the fast evolving technology and retail banking sectors."
Martin Fanning supervised the project which was led by Winston Green, a senior associate in the firm's Banking Technology team. They were assisted by a wider Dentons team, including Andrew Barber (Regulatory) and Rachael Dixon (Banking Technology).