Near-field communication (NFC) payments are fairly common in the UK nowadays, allowing customers to pay for items up to £30 by tapping their card onto a reader. Colloquially dubbed “contactless,” UK bank Natwest is pairing this technology with a fingerprint reader that uncaps the standard limit while forgoing archaic passwords. …
Read More »Contactless card payment limit raised to £30
The limit for how much people can spend when using the contactless card payment system is being raised to £30, as usage of the quick and easy technology increases exponentially. Previously, those paying without inputting their pin-code would only be able to spend up to £20 as a security measure, …
Read More »Which? warns contactless card payments raise fraud risk
As much as contactless payments with a debit or credit card represent a much easier way to go about paying for things you want, since you don't even need to remember your pin code, they represent a massive security problem according to Which?. Due to the low cost of card …
Read More »