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The amount Britons will be able to spend on contactless cards without entering their Pin could more than double to £100 under new proposals put forward on Wednesday by regulators. The Financial Conduct Authority said it would be ‘seeking views’ on whether to up the contactless limit from £45 currently as part of a consultation … Read more
Limit on contactless payments could be raised from £45 to £100 in one of Britain’s first steps away from EU rules The upper limit on contactless payments could be increased from £45 to £100 Idea was raised to the Treasury by UK Finance, a City lobby group New limit of £100 will need approval from … Read more
Venmo launches physical credit card backed by Visa with a scannable QR code for contactless payments and an individualized cash-back program Available in five designs, the no-fee card comes with a QR code on the front The rewards program gives cash back on your most popular spending categories An RFID-enabled chip allows users to tap … Read more
Once hailed as a breakthrough technology, the coronavirus pandemic may now spell the death-knell for the touch-screen era as car giant Jaguar Land Rover pioneers new ‘touch-free’ contactless screens to help fight the spread of the virus. New patented ‘predictive touch’ technology, developed by the Britain’s biggest car-maker in conjunction with Cambridge University scientists, uses … Read more
Cash was used for less than a quarter of all payments last year for the first time ever, new figures show, as people frequently choose debit cards and contactless to make payments instead. The percentage of all payments made using banknotes and coins fell to 23 per cent in 2019, according to trade body UK … Read more
Will Covid-19 kill off cash? ATM withdrawals plummet by 60 per cent under lockdown as three quarters of shoppers say they’ll switch to contactless or go online in future More than half of people said they are now avoiding using cash Data from cash machine network Link show average withdrawal around £80 When people do … Read more
Israel has launched a network of new ‘contactless’ roadside covid-19 testing booths which have zero contact between nurse and patient. The country has offered to share the design, which is relatively cheap and easy to produce, with other countries as part of the fight against the coronavirus pandemic. The booths, produced by healthcare companies together with … Read more
Contactless limit raised to £45 in an effort to help customers cut down on cash usage By Daily Mail City & Finance Reporter Published: 21:51 GMT, 23 March 2020 | Updated: 22:08 GMT, 23 March 2020 Payment providers across the UK have upped their contactless payment limits to £45 Payment providers across the UK have … Read more
Someone who is infected with the coronavirus can spread it with just a simple cough or a sneeze, scientists say. More than 3,000 people with the virus are now confirmed to have died and almost 90,000 have been infected. Here’s what we know so far: What is the coronavirus? A coronavirus is a type of … Read more
Tesco opens its first cashless store with contactless pay but experts say it leaves vulnerable shoppers frozen out The cashless Tesco Express, on High Holborn, central London, opened yesterday It lets customers pay using contactless cards and Apple Pay at self-service tills Tesco said it wanted feedback before considering rolling out the idea elsewhere By Sean … Read more