[Finance] Contact less spend to rise to £100.

[Leekbrookgull]

Just how true some of the reasons given for this seem questionable as in speed of transaction along with no Covid contact with pin numbers ? It seems now out of the EU banks are able to up the limit on contact less payments. Maybe i am wrong (no doubt) but the timing of this allows individuals/families to spend their supposed Covid savings due to not spending but they were probably using those savings to pay off outstanding debts already. For me or us contact less is a very easy way to spend to much.

 

[Harry Wilson's tackle]

Fine by me.

 

[bluenitsuj]

It is far too high. You lose your card and now £100 can be spent with no pin needed. As long as the banks 100% cover any losses

 

[KZNSeagull]

Have they fixed the cloning issue with contactless cards? I have not got one and don't want one for that reason.

 

[Paulie Gualtieri]

Strong Customer Authentication will still apply there will still be a limit before a pin is required

 

[beorhthelm]

Just how true some of the reasons given for this seem questionable as in speed of transaction along with no Covid contact with pin numbers ? It seems now out of the EU banks are able to up the limit on contact less payments. Maybe i am wrong (no doubt) but the timing of this allows individuals/families to spend their supposed Covid savings due to not spending but they were probably using those savings to pay off outstanding debts already. For me or us contact less is a very easy way to spend to much.

peculiar view. why does tapping rather than a PIN make it any easier to spend? did anyone ever browse around a shop, pick something get to the till and think "oh no i've got to put in my PIN. best put this back."?

 

[nicko31]

Can you destroy the chip on your card and it still work with a pin number?

 

[dazzer6666]

Can you destroy the chip on your card and it still work with a pin number?

Easier just to ask your bank for a non-contactless card

 

[Harry Wilson's tackle]

This is the answer.

https://www.youtube.com/watch?v=OpN6YBTazKk

 

[banjo]

It is far too high. You lose your card and now £100 can be spent with no pin needed. As long as the banks 100% cover any losses

What are these cards you talk about.

 

[JC Footy Genius]

Just another benefit of Brexit ... you're welcome.

Sent from my SM-G970F using Tapatalk

 

[maffew]

Can you destroy the chip on your card and it still work with a pin number?

Think so, my chip doesn't work, have to put pin in, which is a pain right now handling the terminals

 

[ChickenBaltiPie]

Nothing to worry about. You’re not liable. It’s a great thing, and nothing to do with the EU. The markets set their own limits and they’re all different and change constantly.

 

[Beach Hut]

So it is 17:15 on a weekday on BBC1 - Pointless

 

[ChickenBaltiPie]

Can you destroy the chip on your card and it still work with a pin number?

Contactless uses an NFC chip, not the ICC chip.

 

[ChickenBaltiPie]

Strong Customer Authentication will still apply there will still be a limit before a pin is required

Depends on the banks TRA. My banks SCA limit is £250 so no PIN needed