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This is a terrible idea, because it kills contactless payments for a large part of society. My mother lost her wallet once and it didn't take long until someone
by imtringued 1y ago
This is a terrible idea, because it kills contactless payments for a large part of society. My mother lost her wallet once and it didn't take long until someone started buying hundreds of dollars worth of cigarettes with her card. As a consequence she decided to disable the contactless payment feature and now has to stick the card into the card reader the old uncool way, when all she wanted was having the pin be mandatory on every purchase.
- gambiting 1y agoHow did they buy hundreds of dollars of cigarettes with the card though? Normally contactless payments are meant to require a pin every 5 transactions within the same day and the amount you can pay is limited - and most banks will reverse contactless transactions without much trouble since they are not hard authenticated. This is unlimited but requires a pin above £100 - I don't see a problem with that, it's effectively what we have now but without having to put the card in