Contactless cards

Ballard

I'm really not sure what anyone without a contactless card think that they're missing out on. It's handy not to have to input a pin for smallish transactions but it's not exactly a life changer.

TfL is an exception but they charge offline anyway so wouldn't help in this case.

bigadaj

Ballard wrote: »

I'm really not sure what anyone without a contactless card think that they're missing out on. It's handy not to have to input a pin for smallish transactions but it's not exactly a life changer.

TfL is an exception but they charge offline anyway so wouldn't help in this case.

But it's quicker and more convenient and, well, just a little bit like magic.

always remember the slightly odd Harry Potter enthusiast who had attached the chip to a wand so that he could magically pay for things!

SuperAllyB

Ballard wrote: »

I'm really not sure what anyone without a contactless card think that they're missing out on. It's handy not to have to input a pin for smallish transactions but it's not exactly a life changer.

TfL is an exception but they charge offline anyway so wouldn't help in this case.

If it wasn't for the 5% from TSB I dont think I'd ever have used contactless despite most of my cards now having it.

baggers02

SuperAllyB wrote: »

Not having a go at this thread alone, as there are numerous similar, but why are people so adamant that banks have to offer this, or offer that, or do this or do that. They're businesses, it is their prerogative to offer whatever products they like in the same way that it is your prerogative to move your accounts elsewhere.

I wasn't insisting Lloyds offer it - and yes they can offer whatever service they want and it's down to us customers to vote with our feet if we are not happy - however, clearly even basic accounts with other banks offer contactless you have to ask why in a competitive marketplace LLoyds don't want to offer similar level of products - However maybe there is a mindset at Lloyds - I remember years ago I had a basic account with them, and I could only use their cash machines - maybe this mindset of limiting the services people get dependant on their credit score, even when their is no risk to the bank (as clearly authorised contactless is around now) needs to change if they want to remain competitive in the banking field.

Ballard

baggers02 wrote: »

I wasn't insisting Lloyds offer it - and yes they can offer whatever service they want and it's down to us customers to vote with our feet if we are not happy - however, clearly even basic accounts with other banks offer contactless you have to ask why in a competitive marketplace LLoyds don't want to offer similar level of products - However maybe there is a mindset at Lloyds - I remember years ago I had a basic account with them, and I could only use their cash machines - maybe this mindset of limiting the services people get dependant on their credit score, even when their is no risk to the bank (as clearly authorised contactless is around now) needs to change if they want to remain competitive in the banking field.

I don't know the economics of basic bank accounts but I doubt very much that they're a great money spinner for banks. By definition they're unlikely to hold large balances yet they do have a cost to the bank. There's also less scope for cross selling other products.

Don't get me wrong, banks should definitely provide banking services for those who need this type of account but overall I doubt that there's much, if any, profit to be had. If they want to offer a lower standard of service to basic bank account holders then as long as the account holder doesn't suffer unfairly then I don't see a problem.

To my mind contactless is such a minor benefit that I wouldn't mind too much if mine were withdrawn. I'd be a little frustrated but I lived perfectly well with C&P so I'd have to get used to it again.

EarthBoy

roadrunnertwozero15 wrote: »

..It's called an online only contactless card, and most banks even issue that with a basic account now...

That's simply not true. Half of the banks offer contactless cards on basic accounts and the other half don't. Half is not most.

roadrunnertwozero15 wrote: »

.Lloyds are just simply bone idle and can't be bothered to learn about online only contactless cards.

I 'm quite sure that Lloyds understand online only contactless cards perfectly well; they just choose not to offer them. If you don't like it, just go to a different bank.

roadrunnertwozero15 wrote: »

I sent Lloyds this message:
I have noticed that with your Lloyds Basic Bank Account, you do not offer a contactless debit card.
Firstly I would like to point out that RBS, NatWest, Nationwide, and Barclays – all offer a contactless card with their basic accounts,

They might reply to your patronising message pointing out that HSBC, Santander, TSB, Halifax, Bank of Scotland, Yorkshire and Clydesdale Banks don't provide contactless cards with basic accounts.

roadrunnertwozero15 wrote: »

I strongly believe that this could be a massive loss for Lloyds should they continue to ban basic account holders from this facility.
This could potentially mean that many basic account customers may switch to another provider

Banks don't make any money on basic accounts, they only offer them because they've been made to. Lloyds would no doubt be delighted if all their basic bank account holders switched to a different bank. They'd be breaking open the champagne at head office.

20aday

masonic wrote: »

There are normal debit cards that are contactless and normal debit cards that are not contactless. So are you saying it is a normal debit card with embossed card details on the front that could in theory be used in an old-fashioned card imprinting machine, or with the details printed on the front for electronic use only?

If you have a full debit card, then Lloyds is taking a much bigger risk issuing you with that, since that can be used offline for transactions much bigger than £30. Possibly it can also be registered for Apple Pay and Android Pay to get contactless through your phone.


Have you verified this? With contactless? (e.g. do a contactless transaction, walk to the nearest ATM and see if your available balance is updated - if it isn't then you could withdraw money that will be needed for that contactless transaction and hence you'd go overdrawn)


Possibly. But if there is, as I said above, it will probably get rejected a lot. Also, online contactless transactions are slower than offline, negating the benefit. So you should do some testing to establish exactly what paddy power have issued you before jumping to conclusions about its value.

BII: AFAIK basic Visa Debit cards issued by the Lloyds Banking Group can't be added to Android/Apple Pay but I'm happy to stand corrected.

I do find with Lloyds contactless transactions carried out (but not yet debited to my account) show under pending transactions in online banking.

masonic

20aday wrote: »

BII: AFAIK basic Visa Debit cards issued by the Lloyds Banking Group can't be added to Android/Apple Pay but I'm happy to stand corrected.

"There are a small number of card and account types you won’t be able to use with Apple Pay. They are:, Non-personal accounts, Visa credit cards, Electron cards, additional credit card holders and customers under 13 years of age."
https://www.lloydsbank.com/help-guidance/applepay.asp#collapse1-1438975312336

So that seems to suggest standard Visa Debit cards are excluded. Strange that they mention Electron cards.

paragon909

All Banks and card providers process payments differently to each other, So each bank or card provider will have their own requirements to how they process payments, It's not hard.

I have a basic account with nationwide, And I can use Android Pay...

Some banks like clydesdale often release pending transactions back to available balance over weekends etc...

Paul_1977

Just had a new CC from HSBC, it was NOT contactless. Current account card was.

That is the way I wanted it, so I don't have to worry about card clash on the tube.