Contactless cards

Terry_Towelling

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.