When contactless card payments were introduced in 2007, the transaction limit was set at £10. The limit was raised gradually, to £15 in 2010, to £20 in 2012, then to £30 in 2015, before the Covid ...

Credit card payment methods have evolved dramatically over the years, from manual credit card imprinters to magnetic strip cards to cards with a computer chip that are inserted in a reader device. Get ...

SHOPPERS will soon find it easier to pay bigger amounts using contactless, under the City regulator’s plans. The current ...

Banks will be allowed to introduce their own contactless payment limit for customers early next year under plans from the FCA ...

"The direct impact is clear, giving consumers greater convenience while maintaining fraud protection." However, he ...

Contactless card transactions have quickly emerged as popular payment methods in recent years. Instead of swiping your card or using a chip, you can simply scan the card or use a mobile device without ...

Forget about swiping or dipping your credit or debit card. After taking hold across the globe, contactless cards are beginning to expand in the United States. A 2018 study from A.T. Kearney indicates ...

In today’s age of reducing germs and speeding up transactions, many card issuers are turning to contactless credit cards. A contactless credit card doesn’t require the user to swipe or insert their ...

Throughout the early stages of the coronavirus pandemic, many people looked for ways to touch fewer surfaces while out in public to prevent the spread of the COVID-19. In fact, more than 51% of ...

Banks will be allowed to set their own contactless spending limits from March, with consumer protections remaining in place - ...

The FCA will allow banks to lift or remove the £100 contactless card limit from March, giving customers more flexibility ...

The shake-up was among dozens of proposals suggested by the financial regulator in a letter to the Prime Minister after the ...