So unlimited unauthorized transactions? This is why I disabled the feature the first time I got a wireless card from my bank.
cedws · 50m ago
Yeah this is like the opposite of what I want. I have a Barclays Premier card specifically because it’s the only card I could find that allows setting a global hard transaction limit including for Apple Pay. I don’t want my bank balance to be drained in one transaction if I’ve entered a dodgy establishment.
gambiting · 3h ago
Finally. UK is so far behind on payment technology, again. It took years for contactless to even appear in the UK at all while rest of Europe already had it. It's the same now - while in Europe I can pay a transaction for any amount using contactless, it just needs a pin - I literally just paid a €2000 hotel bill with my British credit card by just tapping it on the terminal, I just had to type in the pin, simple as that. But in the UK? Anything over £100 you have to put the card in. It's stupid.
pndy · 2h ago
I was talking with my friend who's living in the middle of East Midlands and she was surprised that we have a micropayments platform here in Poland. She left before it become a common thing to pay for variety of goods physical or virtual with 6-digits temporary codes generated by banking app. I guess there's nothing similar like this in the UK? She couldn't tell
Nope, there isn't. There used to be a system pioneered by Barclays where you could pay anyone else just using their phone number, but it got completely switched off few years ago due to "low adoption"
imtringued · 3h ago
This is a terrible idea, because it kills contactless payments for a large part of society. My mother lost her wallet once and it didn't take long until someone started buying hundreds of dollars worth of cigarettes with her card. As a consequence she decided to disable the contactless payment feature and now has to stick the card into the card reader the old uncool way, when all she wanted was having the pin be mandatory on every purchase.
gambiting · 3h ago
How did they buy hundreds of dollars of cigarettes with the card though? Normally contactless payments are meant to require a pin every 5 transactions within the same day and the amount you can pay is limited - and most banks will reverse contactless transactions without much trouble since they are not hard authenticated.
This is unlimited but requires a pin above £100 - I don't see a problem with that, it's effectively what we have now but without having to put the card in
https://en.wikipedia.org/wiki/Blik?useskin=vector
This is unlimited but requires a pin above £100 - I don't see a problem with that, it's effectively what we have now but without having to put the card in