Ulster University plans to be completely cashless
Ulster University has said it's now banking with UK giant Barclays as it plans for future innovation and cashless campuses.
The university said Barclays would now take on all day-to-day banking services, from payments, salaries and wages, through to the collection of student fees, direct debits and foreign exchange.
And it said that with rapid developments in technology, the future would likely bring cashless payments for everything from library fees and photocopying cards to grabbing a cappuccino.
A spokeswoman confirmed it has "long term plans" to transition to cashless banking. Ulster University has more than 27,000 students across four campuses in Belfast, Coleraine, Jordanstown and Magee in Londonderry.
The university also said work is continuing on its new campus in Belfast's Cathedral Quarter, while it's also making significant investments in its Coleraine and Magee campuses.
The spokeswoman said students would be moving onto the Cathedral Quarter campus from 2021 on. She added: "Precise timings will be confirmed and communicated as we progress through the final stages of the build of the enhanced Belfast campus."
Graeme McLaughlin, Barclays corporate banking relationship director, said: "The leadership team has been really visionary in its approach.
Please log in or register with belfasttelegraph.co.uk for free access to this article.
"With Magee and Coleraine campus investments accompanied by the construction of the new Belfast city centre campus, the university has an opportunity to do things differently and that includes a modern approach to financial technology."