Contactless limit to rise to £100.

dc_scotland

I have just been reading this news article on the subject:
https://www.dailyrecord.co.uk/lifestyle/money/100-contactless-payment-pros-cons-24894358

The finance expert says "there are protections in place in the form of a five transaction limit- meaning after five taps you will have to use your pin".

I have never had to do this in the past.  The article isn't clear whether this is a measure already in place, or one being introduced with the new limit. Does anyone here know ?

Edit .. I should have looked at Google before posting.  It seems to be a measure already in place, but one that has never applied to my cards !

Zanderman

dc_scotland said:

I have just been reading this news article on the subject:
https://www.dailyrecord.co.uk/lifestyle/money/100-contactless-payment-pros-cons-24894358

The finance expert says "there are protections in place in the form of a five transaction limit- meaning after five taps you will have to use your pin".

I have never had to do this in the past.  The article isn't clear whether this is a measure already in place, or one being introduced with the new limit. Does anyone here know ?

Edit .. I should have looked at Google before posting.  It seems to be a measure already in place, but one that has never applied to my cards !

There is, in theory at least, a similar restriction already.

But is, iirc, per day. 

So unless you use your card multiple times each day the limit is unlikely to ever be triggered.

(Edited to add:  And it may never have applied to Google and Apple Pay) 

username

dc_scotland said:

I have just been reading this news article on the subject:
https://www.dailyrecord.co.uk/lifestyle/money/100-contactless-payment-pros-cons-24894358

The finance expert says "there are protections in place in the form of a five transaction limit- meaning after five taps you will have to use your pin".

I have never had to do this in the past.  The article isn't clear whether this is a measure already in place, or one being introduced with the new limit. Does anyone here know ?

Edit .. I should have looked at Google before posting.  It seems to be a measure already in place, but one that has never applied to my cards !

I think our "finance expert" needs to do more research, it is not a hard 5 transaction limti before you have to enter your pin.

The requirement for pin entry is determined by the chip on the card and risk analysis rules in place by the card issuer/bank.

The exact requirements are not disclosed and are a dynamic figure, so therefore can vary. In my experience I have been able to use it for several transactions without a PIN yet sometimes after 1 tap, I can get a PIN entry request. That is how it is meant to function.

Google/Apple pay have no limits unless set by the merchant because they use device authentication. I know Waitrose advertise there is an upper limit of something silly like £10k.

oldagetraveller1

I have found that too. I only use one particular debit card for contactless payments. Usually for car parking and fuel. Since the first use, maybe 2 years ago, when the PIN was required, I've only had to input once more, last week, for a fuel purchase.

So who knows the individual banks' rules? This is RBS.

KxMx

My HSBC bank debit card never asks for a pin.

Tesco Bank debit card (soon to be defunct) asks for a pin more often than not, but the card iself isn't used often. 

My NewDay Amazon credit card asks for PIN regular as clockwork, I'd say every 5 separate transactions as above, not 5 per day. 

I confess I am a hoverer, I hold my card over the terminal until I hear the beep

djpailo

I do not like the idea. Nothing wrong with the previous limit and if people wanted higher limits, they can use Google Pay/ Apple Pay. In my mind, it makes card fraud and muggings more lucrative for criminals for the small convenience of being able to pay for higher priced goods using contactless payments. 

Daliah

Excellent move by Lloyds Banking Group.- their customers will be able to set a lower than £100 contactless limit. Surely the rest of card providers will have to follow suit.


https://www.finextra.com/newsarticle/38896/lloyds-gives-users-control-over-contactless-limits-amid-fraud-fears

Sea_Shell

Daliah said:

Excellent move by Lloyds Banking Group.- their customers will be able to set a lower than £100 contactless limit. Surely the rest of card providers will have to follow suit.


https://www.finextra.com/newsarticle/38896/lloyds-gives-users-control-over-contactless-limits-amid-fraud-fears

That's good news.   However, it's a shame that they won't give customers complete control, in that you can only reduce the limit down to £30.   I'm sure they'll be some customers who'd rather have the option to reduce it right down to £5 or £10, rather than switch it off altogether.


"Lloyds says it is responding to customer concerns by introducing new card controls in its mobile app, which will enable users to move the limits in £5 increments of between £30 and £95. Customers will also be given the option to switch off contactless functionality all together, opting for PIN entry at the checkout instead."

[Deleted User]

Sea_Shell said:

Daliah said:

Excellent move by Lloyds Banking Group.- their customers will be able to set a lower than £100 contactless limit. Surely the rest of card providers will have to follow suit.


https://www.finextra.com/newsarticle/38896/lloyds-gives-users-control-over-contactless-limits-amid-fraud-fears

That's good news.   However, it's a shame that they won't give customers complete control, in that you can only reduce the limit down to £30.   I'm sure they'll be some customers who'd rather have the option to reduce it right down to £5 or £10, rather than switch it off altogether.


"Lloyds says it is responding to customer concerns by introducing new card controls in its mobile app, which will enable users to move the limits in £5 increments of between £30 and £95. Customers will also be given the option to switch off contactless functionality all together, opting for PIN entry at the checkout instead."

Not such an issue for Google Pay users of LBG brands as they limit GPay transactions to £45

Zanderman

Deleted User said:

Sea_Shell said:

Daliah said:

Excellent move by Lloyds Banking Group.- their customers will be able to set a lower than £100 contactless limit. Surely the rest of card providers will have to follow suit.


https://www.finextra.com/newsarticle/38896/lloyds-gives-users-control-over-contactless-limits-amid-fraud-fears

That's good news.   However, it's a shame that they won't give customers complete control, in that you can only reduce the limit down to £30.   I'm sure they'll be some customers who'd rather have the option to reduce it right down to £5 or £10, rather than switch it off altogether.


"Lloyds says it is responding to customer concerns by introducing new card controls in its mobile app, which will enable users to move the limits in £5 increments of between £30 and £95. Customers will also be given the option to switch off contactless functionality all together, opting for PIN entry at the checkout instead."

Not such an issue for Google Pay users of LBG brands as they limit GPay transactions to £45

At the moment they do. But that's merely keeping in line with the current physical card limit. 

They'll, I assume, raise that to 100 when the card limit goes up.