Contactless payments now more popular than chip and PIN - MSE News

agrinnall

takman wrote: »

Maybe you should cover your card in tinfoil to reflect the infrared beams that steal all your information :rotfl:

aj23 should get enough tin foil to cover all their hats at the same time :eek:

mrpastry

CKhalvashi wrote: »

It also costs businesses to put money in the bank, so the additional cost is negligible.

The customer is not allowed to be charged for paying by card under EU law.

That's not what I said re: payment by card....I'm stating / questioning how long it will be before there will be a charge ?
AND
How long for EU law to be changed ? After Brexit : Who knows ??

takman

mrpastry wrote: »

That's not what I said re: payment by card....I'm stating / questioning how long it will be before there will be a charge ?
AND
How long for EU law to be changed ? After Brexit : Who knows ??

Why do you think there will be card charges in the future?. Even when shops could legally charge for payments by card very few actually did charge for debit card payments.

aj23_2

Nasqueron wrote: »

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 happening

They'd be used in the same way, so how else would they trigger fraud measures.

You don't need to look very far. You say the article and technology is old, then why is Contactless fraud the highest it's been? Even the Chief at the BoE said she doesn't trust it. Pretty damning.

https://www.theguardian.com/money/2018/aug/25/tsb-contactless-payments-card-fraud-safety-refund

https://www.which.co.uk/news/2018/02/brits-lose-over-5-6m-to-contactless-card-fraud/

aj23_2

takman wrote: »

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.



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.

Just because you haven't lost your cards, doesn't mean others haven't. Lots do. I haven't lost a card, but I've had cards stolen.

You can immediately cancel. You need to go into a branch, or log in online, or telephone, to cancel. You might not be able to do that for several hours.

Yes you can get refunded, if you can prove you didn't make those transactions. But it's still a hassle. I've never had any experience of someone standing close enough to me to see covered by my hands (and the guards on the terminal) enter my PIN. If someone was, I'd make sure they couldn't see or ask them to move back.

aj23_2

CKhalvashi wrote: »

It also costs businesses to put money in the bank, so the additional cost is negligible.

The customer is not allowed to be charged for paying by card under EU law.

You are allowed to charge for a card payment if you also charge for all other types of payment method accepted, including cash.

takman

aj23 wrote: »

Just because you haven't lost your cards, doesn't mean others haven't. Lots do. I haven't lost a card, but I've had cards stolen.

You can immediately cancel. You need to go into a branch, or log in online, or telephone, to cancel. You might not be able to do that for several hours.

Yes you can get refunded, if you can prove you didn't make those transactions. But it's still a hassle. I've never had any experience of someone standing close enough to me to see covered by my hands (and the guards on the terminal) enter my PIN. If someone was, I'd make sure they couldn't see or ask them to move back.

You don't have to prove you didn't make those transactions you simply have to tell them it wasn't you and they will refund you.

Also earlier you were comparing card payments to cash. Well if your wallet is stolen and your cards used fraudulently then you can ring the bank and get the money back.. but you certainly won't get any cash back that was stolen.
So your much better off not carrying any cash and just using cards if your worried about security.

agrinnall

takman wrote: »

So your much better off not carrying any cash and just using cards if your worried about security.

Does it help if your cash is also wrapped in tin foil? :rotfl:

redux

aj23 wrote: »

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.

Perhaps you'd be even safer with no cards at all in your wallet. Or only one. Or two. Then nip home to get another if you lose the wallet.

Yes, we know some people don't like the idea of contactless cards, but slightly too many of the stories against them are quite obviously exaggerated or made up.

Nasqueron

aj23 wrote: »

They'd be used in the same way, so how else would they trigger fraud measures.

You don't need to look very far. You say the article and technology is old, then why is Contactless fraud the highest it's been? Even the Chief at the BoE said she doesn't trust it. Pretty damning.

https://www.theguardian.com/money/2018/aug/25/tsb-contactless-payments-card-fraud-safety-refund

https://www.which.co.uk/news/2018/02/brits-lose-over-5-6m-to-contactless-card-fraud/

Not damning in the slightest, contactless fraud is a bit higher than cheque related fraud, it's about 1% of the level of online fraud so if that's your concern make sure you don't use online banking.

Contactless fraud is up because more people have them. That argument is like saying we should ban cars because there are more accidents now than in 1950 when few people had them!

As it is, there is still no evidence presented of people losing thousands of pounds. The Which test wasn't about fraud, it was where some people pretended to have stolen cards and went around buying normal stuff to see how often they got asked for a PIN which is obviously irrelevant. They should have taken the cards to places they'd never normally go (say a non-drinker starts buying in pubs or buying apple pay cards when they never bought them before) to see if it would trigger. Skimmed cards again, need a machine or phone with someone walking around waving it at your wallet to get card details which again they cannot use to buy online with unless the store doesn't check the name, address of the cardholder and doesn't require the 3 digit number which should be zero.