We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Contactless payments now more popular than chip and PIN - MSE News
Comments
-
Or having someone swipe your Contactless card and go on a spending spree for a few hours. It's actually easier to capture your details via Contactless at the point of contact on the terminal via infrared or similar and then use the info to buy product or services above £30. It's been proven. Someone tested it and bought a £3k TV by doing so.Me too. I've opted out of Contactless from Nationwide (when Ii was with them), Halifax (two cards) and Santander (three cards). Tesco Bank don't allow it, and someone used my card for Contactless the other day (for the first time) without asking me if I wanted to. It was at the Tesco hand carwash and you never know if these people have got a device set up to steal your card info by infrared near the terminal.
I feel safer not having Contactless cards on my wallet. If I did, someone could use 6 cards and spend potentially thousands, as it's been proven that some banks don't prompt for PIN at least 11 times in a row.
Maybe you should cover your card in tinfoil to reflect the infrared beams that steal all your information :rotfl:
You obviously don't have a clue what your talking about by mentioning infrared. :rotfl:Exactly, all these people saying how wonderful Contactless is are forcing retailers to pay charges on fees on transactions worth pennies or a few pounds because they won't carry cash. It's pathetic. Those pennies and pounds, for big retailers, adds up to a lot of money. Those 2-5% terminal fees add up quick.
The larger the retailer the better deal they get on card fees and won't be paying anywhere near 2% per transaction.
If everyone stopped using cash and went purely to cards the retailers would save alot of money.
Just think of a supermarket and the cost of having to transport cash around the store and count it which requires staff and equipment, they have to store the cash securely and monitor staff to make sure they don't steal any which is more cost. They then have to transport the cash to the bank, have you ever seen the vans and security personnel that transport cash that isn't a cheap service.
Compare this to the small cost of card transactions then people who like you who pay in cash and force them to incur these extra costs are the "pathetic" ones.0 -
Or having someone swipe your Contactless card and go on a spending spree for a few hours. It's actually easier to capture your details via Contactless at the point of contact on the terminal via infrared or similar and then use the info to buy product or services above £30. It's been proven. Someone tested it and bought a £3k TV by doing so.
Spending spree of £30 or less lol
The scare stories about skimming card details are just that - scare stories, there simply isn't credible evidence of it. How would you buy a £3K TV with skimmed details when you don't have the PIN (for chip and PIN) or the 3 digit code / name of account holder / address of account holder to buy online as these details are not transmitted by the card? They use RFID or NFC by the way.
Thieves have to buy tech, go around holding machines near people's wallets (very obvious as you have to be a few cm away to activate) and somehow clone the technology/encryption used to generate the one time use pass code done each time a purchase is made. A compromised terminal can steal chip and pin details anyway (which makes it harder to argue fraud if the card is stolen as the thief has the PIN)Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
0 -
Me too. I've opted out of Contactless from Nationwide (when Ii was with them), Halifax (two cards) and Santander (three cards). Tesco Bank don't allow it, and someone used my card for Contactless the other day (for the first time) without asking me if I wanted to. It was at the Tesco hand carwash and you never know if these people have got a device set up to steal your card info by infrared near the terminal.
I feel safer not having Contactless cards on my wallet. If I did, someone could use 6 cards and spend potentially thousands, as it's been proven that some banks don't prompt for PIN at least 11 times in a row.
Spend thousands lol :rotfl:
Contactless has a limit of £30, to even spend £1000 that would require 34 separate transactions all of less than £30 and what would that get you that you could sell on quickly? It would be a waste of time for a thief to go around buying say apple pay cards, one at a time, swiping once every purchase as it would raise immediate suspicion and required them to move around loads of stores to try and do it. You'd have to somehow not notice someone walking up to you with a reader and waving it around your pockets and hoping to get useful data - why bother when they could just steal the wallet and use the cards quickly onlineSam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
0 -
It's potentially way more than that. I've not been asked for my PIN for many months, which must equate to several hundred transactions. Of course, if my card were stolen, I imagine any fraudulent use would be flagged relatively quickly as the bank would see a change in spending activity.....as it's been proven that some banks don't prompt for PIN at least 11 times in a row.Stompa0 -
Spending spree of £30 or less lol
The scare stories about skimming card details are just that - scare stories, there simply isn't credible evidence of it. How would you buy a £3K TV with skimmed details when you don't have the PIN (for chip and PIN) or the 3 digit code / name of account holder / address of account holder to buy online as these details are not transmitted by the card? They use RFID or NFC by the way.
Thieves have to buy tech, go around holding machines near people's wallets (very obvious as you have to be a few cm away to activate) and somehow clone the technology/encryption used to generate the one time use pass code done each time a purchase is made. A compromised terminal can steal chip and pin details anyway (which makes it harder to argue fraud if the card is stolen as the thief has the PIN)
https://www.which.co.uk/money/banking/banking-security-and-new-ways-to-pay/new-ways-to-pay/contactless-cards-ah1q15s797hb
"In 2015, Which? was able to easily and cheaply acquire contactless-card technology and use this to remotely 'steal' key card details from a contactless card. We were then able to order items online, one of which was a £3,000 TV. "0 -
It's potentially way more than that. I've not been asked for my PIN for many months, which must equate to several hundred transactions. Of course, if my card were stolen, I imagine any fraudulent use would be flagged relatively quickly as the bank would see a change in spending activity.
They are supposed to prompt your PIN after multiple transactions in a very short amount of time, say a few hours. Most will do this after 3-5 times of consecutive Contactless transaction in under a few hours, but some providers like Barclays can go at least 10 times before they ask for a PIN.0 -
Spend thousands lol :rotfl:
Contactless has a limit of £30, to even spend £1000 that would require 34 separate transactions all of less than £30 and what would that get you that you could sell on quickly? It would be a waste of time for a thief to go around buying say apple pay cards, one at a time, swiping once every purchase as it would raise immediate suspicion and required them to move around loads of stores to try and do it. You'd have to somehow not notice someone walking up to you with a reader and waving it around your pockets and hoping to get useful data - why bother when they could just steal the wallet and use the cards quickly online
https://www.which.co.uk/money/banking/banking-security-and-new-ways-to-pay/new-ways-to-pay/contactless-cards-ah1q15s797hb
"While most banks asked for a Pin, or blocked the card, after three to five transactions, three debit card providers – Barclays, the Co-operative Bank and TSB – allowed our 'thieves' to spend more than £200 through 10 consecutive transactions in just three hours. A real thief might well have continued. "
"In 2015, Which? was able to easily and cheaply acquire contactless-card technology and use this to remotely 'steal' key card details from a contactless card. We were then able to order items online, one of which was a £3,000 TV. "0 -
A report from 3 years ago based on old technology
People using their own cards on normal purchases who were able to spend £200 quid not "thousands" so no triggering of fraud measures
Again a fake story about skimming - cards do not transmit the owner's address and name nor the 3 digit security code so to buy a TV online they must have been able to provide these details or bought through a dodgy retailer who doesn't check these and they would be stung for it - hence why these procedures are tighter now due to vendor liability. Again, they need to get the technology and wave it around over your wallet, massively obvious that they are doing it so again a non-story especially as a basic RFID wallet will stop it happeningSam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
0 -
The card technology is pretty secure and robust. Sadly, many "stories" of scams and frauds come down to family members etc "borrowing" your card.
I'm using contactless for many small everyday transactions now, down to £1 or less. I'm using Google Pay on my phone (other apps are available). I get an instant receipt on the phone for every transaction, and it's one less thing to carry. The receipt includes time/date/amount, a map (!) and contact details for the payee.
It's not earth-shattering, but to me it's a small improvement to daily life.0 -
https://www.which.co.uk/money/banking/banking-security-and-new-ways-to-pay/new-ways-to-pay/contactless-cards-ah1q15s797hb
"While most banks asked for a Pin, or blocked the card, after three to five transactions, three debit card providers – Barclays, the Co-operative Bank and TSB – allowed our 'thieves' to spend more than £200 through 10 consecutive transactions in just three hours. A real thief might well have continued. "
But first they have to get hold of your card and then use it before you get it cancelled, I've never lost a card in my life so this first step is unlikely.
Then even if they do steal you money you can get it refunded easily from the bank once reported.
If you don't have contactless and someone see's your pin and then steals and uses your cards you will have a much harder time getting a refund."In 2015, Which? was able to easily and cheaply acquire contactless-card technology and use this to remotely 'steal' key card details from a contactless card. We were then able to order items online, one of which was a £3,000 TV. "
Did they do that using the infrared beams you mentioned earlier :rotfl:
Yes this may be possible but they would have to order goods from a website which does not require the 3 digits on the bank, does no checking of the cardholders address and does not use 3D secure or similar which is very very few websites these days.
You would then easily be able to report it as fraudulent and get a refund from your bank.
But you may not believe this but the information they would get is actually printed on the front of the card :eek: you could get the same information by using a camera.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.5K Banking & Borrowing
- 253.3K Reduce Debt & Boost Income
- 453.9K Spending & Discounts
- 244.5K Work, Benefits & Business
- 599.8K Mortgages, Homes & Bills
- 177.2K Life & Family
- 258.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards