Millions of Britons are worried about fraudsters potentially racking up a several-hundred-pound spending bill on a lost or stolen card ahead of the increase in the contactless limit later this year, new research suggests. Two-thirds of people are worried about contactless fraud on their bank cards if they lose them, according to research from Zopa, … Read more
VICTORIA BISCHOFF: With the contactless limit set to increase to £100… is it becoming too easy to splurge? By Victoria Bischoff for the Daily Mail Published: 22:01 GMT, 9 March 2021 | Updated: 22:01 GMT, 9 March 2021 Spending money has never been so easy. Just a quick tap of your card and you’re away. … Read more
Contactless shoppers could potentially have to key in their Pin more often to prevent fraud when the tap and pay limit is more than doubled to £100 later in the year. Chancellor Rishi Sunak will announce the contactless limit for credit and debit cards will be increased from £45 in the Budget, to allow retailers … Read more
Contactless payment limit will rise from £45 to £100 in bid to boost economy after lockdown – but banks warn of increased fraud risk Rishi Sunak is set to increase the contactless payment limit from £45 to £100 The limit was last increased from £30 to £45 at the start of the Covid pandemic Banks … Read more
Contactless payment limit will rise from £45 to £100 in bid to boost economy after lockdown – but banks warn of increased fraud risk Rishi Sunak is set to increase the contactless payment limit from £45 to £100 The limit was last increased from £30 to £45 at the start of the Covid pandemic Banks … Read more
The amount Britons will be able to spend on contactless cards without entering their Pin could more than double to £100 under new proposals put forward on Wednesday by regulators. The Financial Conduct Authority said it would be ‘seeking views’ on whether to up the contactless limit from £45 currently as part of a consultation … Read more
Limit on contactless payments could be raised from £45 to £100 in one of Britain’s first steps away from EU rules The upper limit on contactless payments could be increased from £45 to £100 Idea was raised to the Treasury by UK Finance, a City lobby group New limit of £100 will need approval from … Read more
Venmo launches physical credit card backed by Visa with a scannable QR code for contactless payments and an individualized cash-back program Available in five designs, the no-fee card comes with a QR code on the front The rewards program gives cash back on your most popular spending categories An RFID-enabled chip allows users to tap … Read more
Once hailed as a breakthrough technology, the coronavirus pandemic may now spell the death-knell for the touch-screen era as car giant Jaguar Land Rover pioneers new ‘touch-free’ contactless screens to help fight the spread of the virus. New patented ‘predictive touch’ technology, developed by the Britain’s biggest car-maker in conjunction with Cambridge University scientists, uses … Read more
Cash was used for less than a quarter of all payments last year for the first time ever, new figures show, as people frequently choose debit cards and contactless to make payments instead. The percentage of all payments made using banknotes and coins fell to 23 per cent in 2019, according to trade body UK … Read more