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  1. Published on: 27/08/2021 10:38 AMReported by: editor
    The limit on contactless payments to increase from £45 to £100 in October. The limit was raised from £30 to £45 at the start of the pandemic.

    Chancellor Rishi Sunak said:

    "As we begin to open the UK economy and people return to the high street, the contactless limit increase will make it easier than ever before for people to pay for their shopping, providing a welcome boost to retail that will protect jobs and drive growth"
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    UK Finance welcomes the flexibility to increase the contactless limit to £100. This is a great move for customers and will allow them to use contactless to pay for higher value transactions like their weekly shop or filling up their car with fuel.

    "This could not have been achieved whilst still in the EU so is a true Brexit dividend. We will work closely with the payments sector and retailers ahead of increasing the limit later this year"
    The increase will mean updating existing payment terminals so the roll out of the new higher limit will be gradual.

    Contactless payments were firstly introduced in 2007 with a limit of £10, raised to £20 in 2012, and the nto £30 in 2015.

    The use of debit cards continues to rise as the use of cash is falling.

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    Useful links: Report Cyber Crime | Stop Nuisance Calls & Mail | Daily Covid Stats (updated 4pm) | Covid excess deaths in your area | Local NHS Resources | What 3 Words
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  4. Alikado says:27/08/2021 12:06 PM
    Personally I don't like the idea, I didn't like it when it was raised from £20. OK for paying for Bits and Pieces but is it really too much of a hassle to put your PIN into the machine?
    If you have your card stolen / lose it your bank account can soon be emptied before you realise its gone, it was far safer when you had to put the PIN in every 3rd transaction as well.

  5. Dislikes onehorsetown2 disliked this post
  6. donkey22 says:27/08/2021 03:05 PM
    Quote Originally Posted by Alikado View Post
    Personally I don't like the idea, I didn't like it when it was raised from £20. OK for paying for Bits and Pieces but is it really too much of a hassle to put your PIN into the machine?
    If you have your card stolen / lose it your bank account can soon be emptied before you realise its gone, it was far safer when you had to put the PIN in every 3rd transaction as well.
    Put your card in an electronic wallet on your mobile device. You have to authorise every payment via face recognition, fingerprint or a pin.
    Plus there are added security measures such as a unique Device Account Number used by Apple, that's encrypted and stored in a secure part of your iPhone, iPad or Apple Watch. So, when you use Apple Pay, your Device Account Number and a specially created security code are used to process your payment.
    It’s actually safer than carrying a debit card round in your old school wallet.

  7. Likes onehorsetown2, Kritou liked this post

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