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Contactless Payment

 

What is contactless payment?

Contactless payment enables you to pay for a product or service by taping your contacless card or device on a special card reader. There is no need to enter your pin number. The contactless devices use the same technology. When you hold the card or device next to the payment terminal, the chip inside emits radio waves. The reader uses the Radio frequency identification (RFID) technology to secure the connection, pick up the signal and communicate with the device or card to process the payment. You will be notified by the reader or device if the payment was sucessfull or not.

Contactless cards have become so popular today with over £4.3 billion spent on contactless cards in the UK. They provide the advantage of quicker payment because you don't need to enter the card pin. Also you don't have to carry all your credit and debit cards in a wallet because you can store these cards on your device such as iphone and use them to process payment so you don't have to be looking for your purse of wallet all the time.

Due to the increased popularity, there are measures which have been put in place to improve security of payments for instance limiting the amount to spend on contactless payments so that cards can only be used make low value purchases. The current limit on contactless cards in the UK is £30. There is no limit on how much to spend if you use apple pay or samsung pay because your require a passcode to authorize the secure payment.

Banks say that contactless cards are safer than cash payments however, If your card is lost or stolen, someone could use it to make little purchases of up to the limit which is £30. It is important to report the card immediately to your bank. The person who stole or picked your card could quickly make purchases with it before its reported, so you can still lose money in this way.

Always make sure to check your bank satement for any fraudulent activity on your card. If you cant recall making any payment listed on the bank statement, report it to your bank immediately. Fraudsters have invented new ways to illegally process contacttless payments. Some one standing next to you could sneak up on your pocket and tap a device which can process payments from any contactless cards in your pocket. Be aware and find ways to secure your cards.

How to secure your contactless card

Be carefull where you keep your card
This is important especially if your travelling on publice transport like the underground. Scammers usually carry card readers which they can tap on your pocket or wallet without your knowledge. They can do this on many victims a day so be carefull. You can't be on the lookout for a special device because these criminals can use card reading apps installed on mobile devices.

Keep your cards in an RFID- blocking wallet
Your may be aware where your wallet is but someone could sneak very close to you without noticing and scan your contactless cards with a device. You can purchase a secure wallet which can protect your card. This wallet will block the radio waves between the card reader and your card.
Below is a few good ones you can use to protect your cards from fraud.

RFID/NFC Blocking Cards for Contactless Cards Protection

Blocking Card By Attenuo £8.99Blocking Card By Attenuo £8.99

18  Pack Alpine Rivers £8.01

Owfeel Pack of 15 £3.9916 Pack Blocking Sleeves £6.49

Use a very strong unique pin for your card if your device uses a pin or a certain pattern for authentication.
I advise you to use the pin because its more secure than the pattern. You should also make sure you don't use the same pin for unlocking device and authenticating the payment. Never use your personal information such as date of birth.

Stay with your card all the time.
Do not trust anyone with your card when making payments such as at a restaurant. You can't trust anybody by handing over your card to them.

You should check transactions on your card on a regular basis.
Report to your bank anything which looks unusual.

 

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