A web secure non-contactless card

Lloyds_Bank

callum9999 wrote: »

The Lloyds Bank representative on here has said you aren't allowed to opt out?

Hi callum9999 & jonesMUFCforever,

Just to clarify this, I previously mentioned that in relation to our credit cards and later clarified this in relation to debit cards. For the record, our customers can opt out to a non-contactless debit card (by phone or in branch), but it's not possible with our credit cards.

Thanks,

Craig

nomoneytoday

What's wrong with a contactless card?
A thief can steal less of the bank's money contactlessly (is that a word) than the old fashioned ways..

[Deleted User]

The AMEX basic charge card isn't contactless, and uses Amex Securepay (or whatever it's called),

BoldBen

nomoneytoday wrote: »

What's wrong with a contactless card?
A thief can steal less of the bank's money contactlessly (is that a word) than the old fashioned ways..

What's the point of a contactless card, except possibly for a few applications like London Transport and tolls? It only takes a few seconds to insert a credit card into a reader and tap in your PIN.
NatWest (who told me that the next credit card I get from them will have to be contactless) also told me that the system will require the PIN to be typed in for every third contactless transaction anyway, so there's even less point to it than there appears to be a first sight. Not only that but the contactless card doesn't prevent losses by conventional means, it just adds extra insecurities.
I have no objection to the existence of contactless cards for those who want them, I just object to being forced to have one or give up my credit card. I don't want to be forced to walk around with a pocket full of RFID chips giving out personal information to all and sundry, neither do I want to be forced to buy a rigid, shielded wallet to keep the cards in.
I wonder whether the finance industry as a whole is promoting the use of contactless cards because they think that they can get people to use less cash which they hate dealing with because it's expensive. Remember the eCash fiasco a few years ago? That was going to usher in a brave new cashless society and fell flat on its face because no one took it up. Sorry bankers but cash (and cheques) just have too many practical uses.

nomoneytoday

The losses are the issuer's, not the end users..