Join the Community

21,618
Expert opinions
43,792
Total members
381
New members (last 30 days)
149
New opinions (last 30 days)
28,573
Total comments

Contactless mugging

Be the first to comment

So if I've read this Finextra item correctly - you just wave the thing over a reader with no questions asked. Is this a mugger's dream? How many low value transactions could someone run up before the thing could be cancelled? Or do you just make sure you only pre-load a small amount in case it's nicked. In that case how do you know you have enough left on it to make sure you're not humiliated when you try to pay.

Or am I missing something here...

 

External

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.

Join the Community

21,618
Expert opinions
43,792
Total members
381
New members (last 30 days)
149
New opinions (last 30 days)
28,573
Total comments

Now Hiring