Community

I believe there really no need for a £100.00 contactless limit. This could cause considerable hardship for consumers who just tap ( without looking at the amount on the screen ) as they are in a rush. As a payment specialise I always look at the screen and have noticed on a few occasions ( with scanned items ) the figure is higher than it should be, but how many individuals actually do this?. If lost or stolen Cards are found before the owners banks are informed, this will leave them out of pocket. it's great for the retailers but not as good for the consumers. I applaud Lloyds and Starling in taking the first step and offer their customer a choice and believe all responsible banks should do the decent thing and do the same. Our consumers need to be better educated on the possible damages and given the options of protect themselves and their funds by getting a lower limit.