Conactless credit cards....forward or backward step?

[MacB]

Another way would be to have the chip embedded in your head, linked to your brain if possible and then wear a tinfoil hat to stop anyone messing with you.

 

[Andrew_P]

I have always thought it is in the Governments best interest to have cash removed form daily transactions. As for Skynet, I have given up on trying not to let Google know my every movement, my every thought and search. I am part of the hive mind!

 

[MacB]

When you're old and saying things like how did we ever let things get this bad....just remember how much you loved your new shiny phones and how much easier they made your life, then remember nothing's free.

 

[smutchin]

When you're old and saying things like how did we ever let things get this bad....just remember how much you loved your new shiny phones and how much easier they made your life, then remember nothing's free.

View: https://youtu.be/N90sl94g7PE

 

[MacB]

View: https://youtu.be/N90sl94g7PE

A great film though he was a bit too upbeat for my tastes

 

[Tin Pot]

6 pages and only one reference to Skynet, cash or chip and pin here, don't notice any inconvenience and can't remember the last time I lost some cash.

They are awfully keen to push it though, all this, lost your card, don't worry any losses are our fault and we'll refund, etc, etc. Does this really sound like the caring sharing financial sector we've grown to love?

The demand is driven from industry and banking - not customers.

 

[classic33]

When you're old and saying things like how did we ever let things get this bad....just remember how much you loved your new shiny phones and how much easier they made your life, then remember nothing's free.

Or how Direct Debits were an extra they charged you for using, instead of paying direct.

 

[classic33]

Applepay is just another way to use you credit card. It's the credit card that cares.

If you card is stolen, contactless payments can happen, and your PIN of 1234 or the last four numbers on your card means money will leave the account.

iPhone adds thumbprint security to contact less so (and don't get me started on biometrics) is reasonably harder to start transacting with.

The four corner numbers are more popular.

 

[Ciar]

upside it's convenient and i rarely carry cash, downside it's easier to buy small things quickly! i think net net i am probably better of

 

[Jody]

I like contactless and cash in equal measure. Both have something to offer and I think it will be sad when cash is no longer used.

I use a Starhide wallet to keep my RFID cards safe.

 

[snorri]

I don't carry around a wallet anymore. I generally have a few notes and a credit card stored in a special iphone case.Agree with @smutchin, no need for cash in today's world.

Agreed.
Reminds me of the last time I needed to renew my wallet but all replacements were considerably smaller. I told the shop assistant that I wanted one like this, showing him my old wallet. "These were cool in the '70s, sir" he said.
I bought a smaller wallet and soon grew to like it.


Edited to add Sir

 

[snorri]

Yes but ............... b) doesn't sit right with me that it will help enrich fraudsters irrespective of whether I'm ultimately left out of pocket

I think the use of cash instead of credit/debit cards is more likely to enrich fraudsters and thieves, cash transactions are all but untraceable

 

[mjr]

The demand is driven from industry and banking - not customers.

It's very split on both sides actually: 47% of under-55 customers said contactless was their preferred payment method (YouGov "Millenials and Banking" Oct 2016), compared to 34% for over-55s, while 48% of people said they never use contactless (Juniper Research "Consumer Attitudes to Mobile Banking & Contactless Payments: UK" Sep 2017).

I think industry likes the lower transaction costs that banks offer for it and not having to handle so much cash or cheques, but not the slightly-worse-for-them payment terms.

 

[mjr]

I have always thought it is in the Governments best interest to have cash removed form daily transactions.

Not entirely. At least they have some control over cash supply. It's stuff like Bitcoin which could really upset their control.

As for Skynet, I have given up on trying not to let Google know my every movement, my every thought and search. I am part of the hive mind!

You fool. Let us know when you're sick of being farmed and want a red pill.

 

[Andrew_P]

Not entirely. At least they have some control over cash supply. It's stuff like Bitcoin which could really upset their control.


You fool. Let us know when you're sick of being farmed and want a red pill.

Too late!