Contactless... limitless

Peter999_2

I totally agree.

It is quite frustrating when we are always being held back by people who just can't cope with any change (smart meters etc.).     I'm quite happy for the change, and the people who don't like it can just disable on their card or restrict to a low amount.

diveunderthebonnet

Due to the increased cost of food shopping it would be better if they increased the £100 limit to say £150 ,would not like limitless due to possible fraud.

born_again

Grumpy_chap said:

I am unclear as to how we, the collective we including individuals and financial institutions can be protected against a limitless contactless spend facility if the card falls into the hands of the incorrect people. 

It is not enough to simply say that individuals are protected because the financial institutions will reimburse them as, ultimately, that cost still falls on us all to pick up the tab through the charges and fees that the financial institutions need to apply.

There is also a risk of error.  I think people may not be particularly diligent when paying by contactless in actually checking the value displayed on the screen.  We should all be, but the reality is otherwise.

What it requires is a more proactive approach by people to ensure that they know & check where their cards are. The number I see being reported as found & is this yours on local facebook group is scary... Had to give up telling them to report to bank, due to abuse.

The number of cases where "I have no idea when I lost it" is crazy.. Especially when it's 2 weeks after the fraud started...

GeoffTF

Lots of banks allow us to set a contactless limit on our debit cards. I have not been able to find a single bank that allows us to set a contactless limit for a credit card.

molerat

GeoffTF said:

Lots of banks allow us to set a contactless limit on our debit cards. I have not been able to find a single bank that allows us to set a contactless limit for a credit card.

Lloyds, Halifax and MBNA for starters.

And TSB

Tesco and Asda/JaJa do not have the option.

sausage_time

I can't remember when I last used a physical card.

[Deleted User]

Peter999_2 said:

I totally agree.

It is quite frustrating when we are always being held back by people who just can't cope with any change (smart meters etc.).     I'm quite happy for the change, and the people who don't like it can just disable on their card or restrict to a low amount.

Interesting you should use smart meters as an example, when there are many logical reasons not to want one. Not a good example. 

Peter999_2

[Deleted User] said:

Peter999_2 said:

I totally agree.

It is quite frustrating when we are always being held back by people who just can't cope with any change (smart meters etc.).     I'm quite happy for the change, and the people who don't like it can just disable on their card or restrict to a low amount.

Interesting you should use smart meters as an example, when there are many logical reasons not to want one. Not a good example. 

It's a great example.   I've still yet to hear a valid logical reason for not having them and the benefits they bring can make a massive difference in bills.

sausage_time

Peter999_2 said:

[Deleted User] said:

Peter999_2 said:

I totally agree.

It is quite frustrating when we are always being held back by people who just can't cope with any change (smart meters etc.).     I'm quite happy for the change, and the people who don't like it can just disable on their card or restrict to a low amount.

Interesting you should use smart meters as an example, when there are many logical reasons not to want one. Not a good example. 

It's a great example.   I've still yet to hear a valid logical reason for not having them and the benefits they bring can make a massive difference in bills.

My first smart meters became stupid meters the next time I changed provider - who subsequently replaced them.  Those meters in turn stopped working a few years later.  Each time there was cosmetic damage around the electricity meter.  That, and the waste, means I am not motivated to try again.  I'm happy to submit manual readings monthly.

Peter999_2

sausage_time said:

Peter999_2 said:

[Deleted User] said:

Peter999_2 said:

I totally agree.

It is quite frustrating when we are always being held back by people who just can't cope with any change (smart meters etc.).     I'm quite happy for the change, and the people who don't like it can just disable on their card or restrict to a low amount.

Interesting you should use smart meters as an example, when there are many logical reasons not to want one. Not a good example. 

It's a great example.   I've still yet to hear a valid logical reason for not having them and the benefits they bring can make a massive difference in bills.

My first smart meters became stupid meters the next time I changed provider - who subsequently replaced them.  Those meters in turn stopped working a few years later.  Each time there was cosmetic damage around the electricity meter.  That, and the waste, means I am not motivated to try again.  I'm happy to submit manual readings monthly.

Smart meter doesn't communicate anymore?   Just make a manual reading of it as you would a non-smart meter.  Simple really.

My parents smart gas meter is too far away from the electric smart meter and doesn't communicate.   They have to read it every month like they would a non-smart meter.    That is no reason at all not to have a smart meter.

Non-smart meters are no different than smart meters apart from the communication and can fail as can any device we use if you are unlucky enough.