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> the amount you could do in a single contactless transaction (Certainly not me: I will not accept embedded fixed NFC - not in documents, not in bank cards, no
by mdp2021 4y ago
> the amount you could do in a single contactless transaction
(Certainly not me: I will not accept embedded fixed NFC - not in documents, not in bank cards, not in general.)
Yes. I will rephrase: people were told, "Here are the details of the system: if anything goes wrong, it can only be for 25u". Some people trusted that as a fixed contract. Then, some received the (expectable) communications that the formerly established limit will change. Depending on the country and system, some doubled, some were raised to 150u (if I remember well), with promises to arrive soon at 500u (if I remember well).
Other details are not different in nature: if the PSD2 imposed that the via-PIN "signature" has to be provided every 5 transactions, that does not mean that at a later stage this will not be modified to 500.
The point is: if it is intrinsic to the system that the configuration can be globally changed, expect it.
About the logic: you have to foresee them "slopes", when you see they /are/ "slippery". The fallacy is in assuming the future. It is on the opposite _duly_ to consider the chances.
- Dylan16807 4y agoBut I hope you realize you're citing a type of payment system being repeatedly made more convenient to support the idea of a payment system being repeatedly made less convenient. And I don't know why people would expect a security feature to never allow more. Also is "u" standing for a specific currency, or what?