New Post Advanced Search

Contactless cards

edited 30 November -1 at 1:00AM in Budgeting & Bank Accounts
51 replies 3.5K views
12346»

Replies

  • Terry_TowellingTerry_Towelling Forumite
    2.3K posts
    1,000 Posts Second Anniversary Name Dropper
    ✭✭✭✭
    TheShape wrote: »
    I think it might be useful to consider whether contactless (although open to fraud) has in anyway reduced opportunities for other types of card fraud to occur.

    It's an interesting viewpoint that card-fraud staff will have discussed at length. One view was that fraud is a balloon; you can squeeze it in one area but it just pops out in another. The question was, 'how hard do you want to squeeze an area where you can tolerate and contain the losses?' Squeeze too hard and it might just migrate to an area that is harder to contain and you lose control.

    So maybe allowing a degree of losses through something like 'contactless' will stop something worse happening elsewhere.
Sign In or Register to comment.

Quick links

Essential Money | Who & Where are you? | Work & Benefits | Household and travel | Shopping & Freebies | About MSE | The MoneySavers Arms | Covid-19 & Coronavirus Support