Disabling contactless payment on credit/debit cards

cse

If you're going to go to the trouble of stealing someone's card or card information, you'd use it to buy big-ticket items that can be easily sold on for laundered cash. There are no sophisticated criminal gangs who fund their enterprise using tube tickets and Pret-A-Manger sandwiches

meer53

techno79 wrote: »

Firstly, this is only for the identified fraud. I'm sure there is a lot of fraud that goes unnoticed. Secondly, I am extremely doubtful over the £51k of fraud.

From the same source (http://www.theukcardsassociation.org.uk/plastic_fraud_figures/index.asp).

Total UK fraud on lost or stolen cards for the past few years are:
2014: £60 million
2013: £59 million
2012: £55 million
2011: £50 million

Let's assume £30 million fraud for lost/stolen cards was for the first 6 months of 2014. To use that card fraudulently, they'd some how have to obtain the PIN or they could use the contactless payment option which requires no further information.

I honestly doubt contactless fraud only accounts for £51k of the £30 million fraud for lost/stolen cards.

The protection in fraud loss only kicks if you identify the fraud. I'm sure there's many instances of fraud that occur that are not identified at all.

I'd much prefer fraud prevention (proactive) than fraud loss protection (reactive).

So, you doubt the figures provided by the banks and card issuers ? Strange.

Whats also strange is that you think fraud goes unnoticed. Anyway, if you want to carry on being paranoid, then jog on.

techno79

Again each to their own but just going to leave this here: http://metro.co.uk/2015/07/23/how-easy-is-it-to-nick-your-details-from-contactless-5308566/

glentoran99

techno79 wrote: »

Again each to their own but just going to leave this here: http://metro.co.uk/2015/07/23/how-easy-is-it-to-nick-your-details-from-contactless-5308566/

every time you hand your card over your details could be taken from it,

gastroboy

Would putting an aluminum card in your wallet be enough to mess up the illegal scan? If you had multiple cards as well, it would create a card clash wouldn't it?

Seems that the best way is to have more than two contactless cards as I know putting my wallet against the reader throws up an error as I have at least 4 contactless cards, plus tube card plus RFID work pass).

[Deleted User]

You could always store the card in an RFID proof cover.

eddddy

techno79 wrote: »

Again each to their own but just going to leave this here: http://metro.co.uk/2015/07/23/how-easy-is-it-to-nick-your-details-from-contactless-5308566/

So somebody gets a card number and expiry date, and makes a £3000 online order without CVV and 3D Secure.

So a 2 minute call to the CC provider, and I'm pretty sure the transaction would be reversed pending investigation.

And the investigation would show up a false name and address.

So the retailer loses £3000, so starts thinking they should check CVV.

Yes - it would be slightly annoying if it happened to me. But not enough to put me off carrying and using contactless cards.

stator

The main point is that you might not notice. For example I regularly spend < £20 in any of the main supermarkets. If someone, somehow, managed to stick through a few extra transactions at those shops I can't say that I would always notice.

I for one wish these things were optional.

jonesMUFCforever

stator wrote: »

The main point is that you might not notice. For example I regularly spend < £20 in any of the main supermarkets. If someone, somehow, managed to stick through a few extra transactions at those shops I can't say that I would always notice.

I for one wish these things were optional.

If you can't remember what you spent your money on then the problem is not with your contactless card.

SuperHan

jonesMUFCforever wrote: »

If you can't remember what you spent your money on then the problem is not with your contactless card.

And if you don't notice it, you clearly have enough money that losing £20 is not an issue for you, so your life wouldn't really be impacted anyway...