Replacing debit card with contactless card

edited 30 November -1 at 1:00AM in Budgeting & Bank Accounts
48 replies 15.4K views
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  • reclusive46reclusive46 Forumite
    2.7K Posts
    gusgorman wrote: »
    As was mentioned the last time this came up - this is because the technology is new. As is normal with any new technology, as it becomes more common cases of fraud will increase.


    It might not be a risk to them, but it is a risk to their customers. http://www.bbc.co.uk/news/business-22545804

    If someone wants to use contactless to make payments, then in most cases they will be happy to accept any security risk that goes along with carrying the card.

    However, if someone doesn't want to use contactless then it makes sense for them to contact their bank and ask to opt out.

    Not really very new. US cards have had this for years and years. They never had any problem.
  • gusgormangusgorman Forumite
    38 Posts
    Not really very new. US cards have had this for years and years. They never had any problem.
    This is a very misleading post and you know it. The technology has been available for years in the US but adoption has been very slow, infact it has been slower than in Europe.
  • reclusive46reclusive46 Forumite
    2.7K Posts
    gusgorman wrote: »
    This is a very misleading post and you know it. The technology has been available for years in the US but adoption has been very slow, infact it has been slower than in Europe.

    Not true. While the terminals are nearly non-existent, an awful lot of cards actually have the technology on them. Chase, Amex, BOA have all issued contactless cards for several years by default.

    I doubt contactless will catch on in the US until EMV does in 2015/6. It is just as quick to swipe and walk away. With the no signature program you don't even need to sign if its under $50 (On Visa,MC and Amex anyway, Discover is still at $25).
  • RafterRafter Forumite
    3.8K Posts
    I was issued with 5 contactless £20 notes at an ATM the other day.

    They are a right pain to use though. I end up with pockets full of coins for starters. It takes longer to pay. Who knows what germs and dirt are on the used ones too! Oh and if I drop them or are robbed there is almost zero chance I will get my money back or that the theives will be caught.

    I'll stick with my convenient, secure, hyguinic contactless card thanks that also gives me a nice record of everything I spend to keep track of my budget.

    R.
    Smile :), it makes people wonder what you have been up to.
  • edited 21 May 2013 at 9:08AM
    grumblergrumbler Forumite
    54.5K Posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
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    edited 21 May 2013 at 9:08AM
    Rafter wrote: »
    I was issued with 5 contactless £20 notes at an ATM the other day.

    They are a right pain to use though. I end up with pockets full of coins for starters. It takes longer to pay. Who knows what germs and dirt are on the used ones too! Oh and if I drop them or are robbed there is almost zero chance I will get my money back or that the theives will be caught.

    I'll stick with my convenient, secure, hyguinic contactless card thanks that also gives me a nice record of everything I spend to keep track of my budget.

    R.
    How is contactless much better than using chip&pin terminal? No dirty buttons?
    We are born naked, wet and hungry...Then things get worse. :(

    .withdrawal, NOT withdrawel ..bear with me, NOT bare with me
    .definitely, NOT definately ......separate, NOT seperate
    should have, NOT should of
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  • RafterRafter Forumite
    3.8K Posts
    grumbler wrote: »
    How contactless is is much better than using chip&pin terminal? No dirty buttons?

    Good point grumbler!

    I think if a few newspapers did some research about the germs on coins and notes rather than undermining contactless due to a tiny number of teething problems then consumer acceptance and take up would be much higher!!!

    R.
    Smile :), it makes people wonder what you have been up to.
  • gusgormangusgorman Forumite
    38 Posts
    Rafter wrote: »
    I was issued with 5 contactless £20 notes at an ATM the other day.

    They are a right pain to use though. I end up with pockets full of coins for starters. It takes longer to pay. Who knows what germs and dirt are on the used ones too! Oh and if I drop them or are robbed there is almost zero chance I will get my money back or that the theives will be caught.

    I'll stick with my convenient, secure, hyguinic contactless card thanks that also gives me a nice record of everything I spend to keep track of my budget.

    R.
    I've already got the choice of using chip and pin thanks.
  • gusgormangusgorman Forumite
    38 Posts
    Not true. While the terminals are nearly non-existent, an awful lot of cards actually have the technology on them. Chase, Amex, BOA have all issued contactless cards for several years by default.
    Fair enough. There isn't a magic cut off point though. Just because fraud isn't common after N years, it doesn't mean it won't become more common after N + 1 years.
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