fromBusiness Matters
1 day ago100 contactless card limit to be lifted as banks gain freedom to set higher caps
From March, banks and card providers will be allowed to set their own maximum limits for contactless payments, including the option of removing the cap altogether, without requiring customers to enter their PIN. The Financial Conduct Authority (FCA) has also encouraged firms to give customers greater control, such as allowing them to set their own limits or disable contactless payments entirely.
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